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
U.S. Hardwood Lumber Demand Indicator Rises For August
The Weekly Hardwood Review Leading Hardwood Demand Indicator (LHDI)—a forecast of future demand for U.S. hardwood lumber based on residential and commercial construction, import/export trends, inflation levels, and job markets—rises from a reading of 128.4…
Weyerhaeuser Announces Philadelphia Lumber Mill Expansion
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Weyerhaeuser Co. is investing $57 million to modernize over the next three years at its softwood lumber mill in Philadelphia. Weyerhaeuser said in Monday’s announcement the work will be done in…
Ongoing WorkSafeBC Failures Demand Public Inquiry On Sawmill Explosions
The WorkSafeBC Review and Action Plan released today by the B.C. government fails to restore confidence in the agency’s ability to keep workers safe, says the United Steelworkers (USW). “In the aftermath of the horrific…
U.S. Softwood Lumber Exports Double In Five Years After Promotional Push
Export sales of American softwood lumber nearly doubled in the past five years, reaching $1.1 billion and the highest level in 16 years, reports the Southern Forest Products Association (SFPA). Meanwhile, exports of pressure-treated lumber,…
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.