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
Getting A Handle On Hardwood Checkoff
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Article by Rich Donnell, Editor-in-Chief, Timber Processing March 2015 We didn’t intend to include an article on the hardwood checkoff situation in this issue. But beginning on page 10, there it…
Interfor Completes Acquisition Of Simpson Lumber Sawmills
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Interfor Corporation (IFP) announced today it has completed the acquisition of four sawmills from Simpson Lumber Company, LLC, increasing its annual lumber production capacity by 30 percent to 3.1 billion board…
Shrinking Timber Supply Sends B.C. Companies On U.S. Mill Buying Spree
At first blush, year-end financials and stock prices for B.C.’s largest forest companies would suggest the province’s forestry sector is well on the road to recovery after a decade-long slump. Interfor Corp., for example, posted…
Northwest Hardwoods Completes Acquisition Of Industrial Timber & Lumber
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Northwest Hardwoods Inc. (NWH) has recently completed the acquisition of Industrial Timber & Lumber Company (ITL) based in Beachwood, Ohio. NWH is headquartered in Tacoma, WA and has operations in the…
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.