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
Georgia-Pacific Begins Construction On $135 Million Georgia Mill
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); American wood products firm Georgia-Pacific held an event last Monday to mark the commencement of construction on its new, $135 million softwood lumber plant in Warrenton, GA. Replacing an aging plant…
New Strength And Safety Tests Pit Timber Against Concrete And Steel
Thanks to innovative construction materials like cross-laminated timber (CLT) and laminated veneer lumber (LVL), wooden buildings are no longer mere houses made of sticks. Attracted by the aesthetic and environmental benefits of timber, structural engineers…
Alabama’s Westervelt Co. Announces New SYP Sawmill
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); The Westervelt Co. announced the construction of a new lumber mill in Thomasville that will create 125 jobs. The Tuscaloosa-based company said in a news release that the Thomasville facility will…
Trying (Unsuccessfully) To Put A Wrap On 2018
Article by Rich Donnell, Editor-In-Chief, Timber Processing 2018 has to go down as one of the more remarkable years in North America sawmill history. In fact, history was made with a record framing lumber composite…
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.