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
LDX Oversees Lundberg, Dustex
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); LDX Solutions is the new name of the company formed recently that will encompass the Dustex, Geoenergy and Lundberg air emissions control equipment. Mergers of those companies in recent years allowed…
New Logstacker Ships To British Columbia
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Allied Systems Co., parent company of Wagner Logstackers, has delivered the first of its new generation Logstackers into Canada. The four wheel drive, 60 ton operating capacity model L4120 shipped to…
Tolko Makes Tough Sawmill Decisions
Tolko Industries Ltd. announced the permanent closure of its Quest Wood sawmill in Quesnel, BC and a reduction from two shifts to one at its Kelowna, BC sawmill. “This is a difficult but necessary decision,”…
Texas BMP Monitoring Shows Steady Improvement
A 28-year program to monitor logging Best Management Practices (BMPs) implementation on east Texas timber harvest sites shows overall 93.8% BMP implementation in 2018 across all land ownerships. That’s a solid improvement in the last…
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.