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
Carbotech Group Announces New Strategic Direction
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Carbotech Group is proud to announce a major strategic step: The unification of Carbotech and Autolog, acquired in 2021, under a single operational entity, Carbotech. This initiative strengthens the company’s identity,…
BE&E Parent Company Announces $16.2 Investment In Kentucky Plant
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Floyd Holdings has announced a collaboration with the Commonwealth of Kentucky and BE&E’s Greenville Manufacturing operation, whereas BE&E will partner with the state to invest in the expansion of the current…
Freres Fire Response Lawsuit Dismissed
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A federal judge has ruled against Freres Lumber Co. and subsidiary Freres Timber of Lyons, Ore., dismissing the company’s lawsuit against the U.S. Forest Service (FS) over its response to the…
GP Redeveloping Headquarters Site
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Georgia-Pacific announced in September initial plans for one of the country’s largest mixed-use redevelopments and the intent to transform its iconic 51-story world headquarters in downtown Atlanta and the surrounding city…
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.