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
B.C. Lumber Producers Hurt By Building Season’s Slow Start In U.S.
How rapidly U.S. housing construction awakens from a deep winter hibernation will determine how strongly B.C. lumber producers continue their recovery, according to new figures from the accounting and consulting firm PwC. So far this…
Western Forest Products B.C. Sawmill Restarts Following Recent Shooting
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Western Forest Products sawmill workers in Nanaimo will return to the job site in a “soft start” following the shooting deaths of two workers. Michael Lunn, 62, and Fred McEachern, 53,…
Washington Lumber Companies Merge To Form Alta Forest Products
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); TMI Forest Products and Welco Lumber Company USA have become Alta Forest Products LLC, a partnership between longtime Western Red Cedar manufacturers. Morton-based Alta took over the ownership, operations and assets…
One Last Look At How Bad It Was In 2007-08
Many people tend to recall that the Great Recession began with the collapse of the Lehman Brothers financial firm in September 2008. But those of us associated with the forest products industry, and especially you…
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.