ACEDC Member VT Tree Goods Awarded Working Lands Grant
The Working Lands Enterprise Initiative Announces over
$1 Million in Grants to Vermont Businesses and Service Providers
ACEDC Member Vermont Tree Goods of Bristol was awarded one of only 6 Working Lands Forestry Grants in the amount of $20,000 for equipment in a new production facility that utilizes an innovative sawmill design to create product from salvage/cull grade logs.
The Working Lands Enterprise Board also announced this year’s other 36 grant recipients – 24 agriculture and 12 forestry projects – for just over $1 million in both Working Lands and Local Food Market Development grant funding. These projects impact every county in Vermont, and leverage an additional $1.8 million in matching funds. Investments were made to 26 working lands enterprises and 10 service providers for projects that increase production, expand markets, develop innovative technologies, improve water quality, and train the workforce that Vermont’s businesses need to succeed.
Now in its third year of grant making, the Working Lands Enterprise Initiative has invested over $3 million into Vermont’s working landscape, leveraging close to $4 million in matching funds. As of December 2014, 23 completed projects resulted in 25 new jobs and a 25% average increase in total product output. Additionally, 91% of these grantees increased their capacity to fulfill new contracts.
The Working Lands Enterprise Initiative, Act 142, is administered by the Agency of Agriculture, Food and Markets in partnership with the Vermont Department of Forests, Parks & Recreation and the Vermont Agency of Commerce and Community Development. The Vermont Working Lands Enterprise Board is an impact investment organization whose mission is to grow the economies, cultures, and communities of Vermont's working landscape by making essential, catalytic investments in critical leverage points of the Vermont farm and forest economy, from individual enterprises to industry sectors.