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
Global Timber Industry is Active!
Housing Recovery Expected in U.S. A record crowd of 400 timberland owners and managers, forest industry representatives and investment professionals from 14 countries and all across the U.S. recently assembled at the University of Georgia’s…
Look Long-Term For Better Markets
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Article by Dan Shell, Managing Editor, Timber Processing (2011) The other day I attended a ribbon-cutting ceremony at the world’s largest fuel pellet plant in Waycross, Ga. The Georgia Biomass facility…
Promoting Ourselves Home And Abroad
Story by Rich Donnell, Editor-in-Chief Last November in this space we informed you that Timber Processing had gone global, adding 1,200 sawmill owners, managers and other lumber industry professionals from outside of North America to…
Remember When You Didn’t See It Coming?
Story by Rich Donnell, Editor-in-Chief This issue focuses on our Sawmill Capital Expenditure Survey of softwood and hardwood lumbermen throughout the United States. The results coming out of the survey are quite interesting. I won’t…
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.