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
Forbes Is Sole Owner Of Brunette
Brunette Machinery Co. Inc. announced that Kirk Forbes has concluded the purchase of shares from his business partners and is now the sole owner of Brunette, which is celebrating more than 75 years in supplying the wood products business…
BID Continues Digital Growth
The BID Group of Companies has expanded upon its use of PTC’s products to include Vuforia Augmented Reality (AR) offerings, in particular Vuforia Chalk remote experience software. Prior to leveraging Vuforia Chalk, BID deployed PTC’s…
Next Xylexpo To Be Held In 2022
The Board of Cepra-Centro promozionale Acimall, orgaziners of Xylexpo, speaking through its president Lorenzo Primultini, officially canceled the 2020 show on July 6, 2020. Initially scheduled for late May in Milan, Italy, Xylexpo was first…
TP&EE Announces Cancellation
Organizers of the Timber Processing & Energy Expo announced the cancellation of the event, which was scheduled for September 30 to October 2 at the Portland Exposition Center in Portland, Ore…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.