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
Austrian-Based Klausner Lumber One Invests $130 Million In Florida Sawmill
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Austrian-based Klausner Lumber One will invest $130 million over the next three years to develop a sawmill in Suwannee County, Florida, creating 350 jobs. Friedrich Klausner of Klausner Lumber One said,…
Crown Will Review WorkSafeBC Sawmill Blasts Case
WorkSafeBC completed its investigations into the explosion on January 20, 2012 at the Babine Forest Products Co. sawmill in Burns Lake and the explosion on April 23, 2012 at Lakeland Mills Ltd. Sawmill in Prince…
Louisiana Fraud Lumber Stamp User Pays Big Bucks
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Pacific Lumber Inspection Bureau has agreed to an out of court settlement in a trademark infringement claim the organization had made against a company in the Southern U.S. for unauthorized use…
Southern Parallel Forest Products Plans Alabama Sawmill Operation
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Canadian-based Southern Parallel Forest Products Corporation, a firm producing Southern Yellow Pine dimensional lumber, plans to open a sawmill later this year in Albertville, Alabama, employing 130 workers. “We are pleased…
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.