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
New Barko Hydraulics Dealer: Ozark Machinery
Barko Hydraulics (Barko) has announced a new dealer for the sales and support of Barko’s full line of forestry equipment covering the state of Missouri, Ozark Machinery Co. (Ozark Machinery) in West Plains, Mo…
U.S. South Leads Lumber Production
Western Wood Products Assn. reported that U.S. softwood lumber production was 35.165 billion SF in 2019, including 19.365 billion BF produced in the South and 14.254 billion BF produced in the West…
New Ligna Press Spokesperson Announced
Deutsche Messe has named Katharina Siebert as the new Ligna press spokesperson. She is responsible for international communications for the world’s leading trade fair for tools, machinery and equipment for the woodworking and…
Morbark Announces New CEO
Morbark announced the appointment of Brad Boehler as the successor to current President of Morbark Holdings and Vice President of Alamo Group’s Forestry and Tree Care Business Unit, Dave Herr…
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.