Vermont Announces Business Loan Program
A new loan program from the Vermont Economic Development Authority (VEDA) is now available to support businesses in the state’s forest economy. Three million dollars in total financing can be provided in the form of loans up to $500,000 with subsidized interest rates for loggers, foresters, log haulers, biomass producers, sawmills, firewood producers and wood product manufacturers, for working capital, equipment and refinancing.
According to the Vermont Forest Futures Strategic Roadmap, the forest-based economy in the Green Mountain State accounts for about $2.1 billion annually and more than 13,800 jobs.
Loan proceeds must be used for projects located in Vermont and use forest products at least partially produced in Vermont. Loans can also be used to pay operating expenses; support seasonal working capital needs; and refinance existing debt at more affordable rates and/or terms.
Latest news
Enviva Gears Up For Lucedale Plant
Enviva Gears Up For Lucedale PlantEnviva reports that in July the Mississippi Department of Environmental Quality Permit Board unanimously approved the air permit for the proposed wood pellet plant in Lucedale, Miss., which is the principal permit required to begin...
FutureMetrics Leads Vietnam Pellet Plant
FutureMetrics Leads Vietnam Pellet PlantFutureMetrics announced that a project that it has guided for over two years is now producing high quality pellets. Under the guidance of FutureMetrics’ operations expert, John Swaan, a new 120,000 metric ton per year pellet...
Global Wood Bio Trending Positive
Recent developments continue to underline the continued strong growth expected in global demand for industrial grade wood pellets, including: • In June 2019, the UK became the first major economy in the world to pass a law to bring GHG emissions to net zero by 2050,...
Enviva Continues To Build Markets
In addition to 2,000,000 metric tons per year of long-term off-take contracts with Japanese counterparties, Enviva has recently executed several agreements with Japanese counterparties totaling more than 1,000,000 MTPY of additional volumes, including: —A 15-year,...
Find Us On Social
Subscribe to Our Newsletter
Wood Bioenergy News Online hits the inboxes of subscribers in the wood-to-energy sectors.
Subscribe/Renew
Wood Bioenergy is published and delivered worldwide 6 times per year. Free to qualified readers in the U.S. Subscribers outside the U.S. are asked to pay a small fee.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.