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
Katerra Merges With KEF Infra, Already Has $3.7 Billion In Bookings
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Offsite design-build company Katerra and India-based manufacturing technology company KEF Infra have announced a merger that will see the newly formed KEF Katerra begin conducting operations in India and the Middle…
Massachusetts Sawmill’s Planned Biomass Plant Met With Opposition
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A long-planned wood-gasification plant for Roberts Brothers Lumber Co. has drawn fire from dozens of residents around the region, even though the business says it has no firm plans at this…
Vicksburg Forest Products Upgrading Mississippi Sawmill, Creating Jobs
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Vicksburg Forest Products is opening a lumber mill in Vicksburg, Mississippi. After significant upgrades and modifications are complete, the multi-million dollar corporate investment will create 125 jobs. In March 2018, Anderson-Tully…
High Lumber Prices Boosting Maine’s Forest Industry
Prices for wood to build and renovate houses have as much as doubled over the past six months, increasing costs for consumers but boosting Maine’s softwood sales and signaling a turnaround in that segment of…
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.