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
West Salem Unveils New Website
West Salem Unveils New WebsiteWest Salem Machinery (WSM) has announced the launch of its newly redesigned website, www.westsalem.com, aimed at modernizing the user interface and making valuable information more intuitive and accessible. The updated website reflects...
New From Bandit: HM6420 Hammermill Horizontal Grinder
New From Bandit: HM6420 Hammermill Horizontal Grinder With considerable research and collaboration, the Bandit team launched its first hammermill grinder in 2024! The highly productive 40 in. capacity grinder is designed and manufactured to be an alternative solution...
Restoration Fuels Closes Central Oregon Biochar Plant
Restoration Fuels in John Day, Ore. has closed its doors as of mid July, laying off 11 employees in a move that closely follows the closure of Malheur Lumber in town.
New From Tigercat: 6040 Carbonizer
New From Tigercat: 6040 Carbonizer Tigercat Industries has announced the official release of its 6040 carbonizer—which replaces the 6050 carbonator that Tigercat marketed for a brief time after acquiring the product through the purchase of ROI in 2019. The mobile...
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.