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
United Steelworkers Calls For Increased Support For U.S. Lumber Industry
The United Steelworkers (USW) union today called for greater support for American lumber workers in response to a report from the Environmental Investigation Agency (EIA) demonstrating how wood is illegally harvested abroad and sold in…
North American Lumber Shortage Fears Prompt Buying, Price Increases
With the fear of lumber shortages as strong as the outlook for 2014, lumber sales should hold steady through year-end even as North American manufacturing winds down for the winter. Global consumer confidence will also…
California’s Rim Fire: A Billion Board Feet Of Slightly Singed Timber
Logging fire-damaged trees on Federal land in California’s Yosemite and Stanislaus national forests following the devastating Rim Fire could be quickly OK’d under legislation introduced by Congressman Tom McClintock (R-Calif.). With an estimated 1 billion…
Where People And Technologies Fit Together
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Article by Rich Donnell, Editor-in-Chief, Timber Processing (2013) A couple of months ago I wrote in this space of my concern for the extinction of the Southern independent lumberman. I cited…
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.