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
Sawdust Fuelled Most B.C. Sawmill Fires In Last Decade
Sawdust, wood shavings and chips, which are suspected to have played a part in two recent deadly sawmill explosions, have also fuelled dozens of fires at B.C. sawmills over the past decade. Sawdust was listed…
Austria’s Klausner Group Plans To Build Sawmill In North Florida
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); The U.S. subsidiary of Austrian lumber giant Klausner Group is planning to build a 700 million board ft./year sawmill in North Florida, Euwid reported on July 30. Few details have apparently…
Wood Products Boost Revenues At Weyerhaeuser
Weyerhaeuser Co., one of the industry’s largest supplier of wood products, reported net sales from continuing operations of $1.8 billion for its second fiscal quarter, a 12.5% increase over net sales from continuing operations of…
N.M. Rep. Pursues Forest Restoration Efforts Through Logging, Sawmilling
U.S. Representative Steve Pearce is continuing to pursue his desire to create jobs by reestablishing logging and sawmilling in New Mexico, and specifically in Cibola County. He visited the Mt. Taylor Manufacturing’s sawmill in Milan…
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.