Browse Ambrook’s collection of grants, loans, discounts, cost shares, easements, and insurance for manufacturing.

Application consists of (1) a letter from the locality's chief elected/appointed official to the Secretary of Agriculture and Forestry, and (2) a letter from the business beneficiary, per the AFID guidelines. No online portal; interested businesses should contact their local economic development office or VDACS.

Michele Bridges

Project Manager

The Governor's Agriculture and Forestry Industries Development (AFID) Fund's Facility Grants are a discretionary, performance-based economic-development incentive for agriculture and forestry value-added or processing projects. Grants are awarded to a political subdivision for the benefit of a company, supporting produce companies, dairy/meat/poultry processors, specialty food and beverage manufacturers, greenhouse operations, forest product manufacturers, and aquaculture (e.g., oyster production).



Awarded to political subdivisions (counties, cities, towns) for the benefit of a company; the locality applies, not the business directly. The benefiting facility must produce value-added agricultural or forestal products, with a minimum of 30% of the product grown or produced in Virginia annually. Multiple localities may jointly apply.

A lump sum of money for a specific purpose that does not need to be paid back.

Grant

Maximum $500,000 per project (may be exceeded for projects of statewide/regional importance). Dollar-for-dollar local match required (may be waived/reduced for statewide/regional-importance projects). Minimum 30% Virginia-grown products required. Performance-based payout split roughly evenly across Virginia-grown purchases, new jobs, and capital investment, with clawback if targets are missed.

Discuss your needs with a VEDA lender before applying (802-828-5627 or info@veda.org). Download the Agricultural and Forestry Loan Application or obtain it from VEDA's office.

VEDA / VACC (general)

VEDA created special loan products with subsidized interest rates to meet the working-capital and capital-asset financing needs of Vermont forestry and forest-products businesses, with even deeper discounts for the purchase or refinancing of certain low-impact logging equipment. Administered through the Vermont Agricultural Credit Corporation (VACC).



Businesses in the forest economy, including foresters, loggers, log truckers, biomass producers, sawmills, firewood producers, and wood-product manufacturers, in good standing with all state agencies. Loan proceeds must be used for projects located in Vermont and use forest products at least partially produced in Vermont. Purposes: capital assets (vehicles, machinery, equipment such as log trucks, excavators, feller bunchers, wood processors), operating expenses, seasonal working capital, debt refinancing, and qualifying low-impact logging equipment.

A payment that must be returned to the provider following specified terms of repayment and interest rate.

Loan

HVAC

Lighting

Repairs

Legal & Finance

Maximum loan is the lesser of 90% of the value of the securing assets or $500,000. Interest is VEDA's fixed or variable Agricultural Loan Rate minus 1% for the first five years, then VEDA's prevailing variable rate. Terms are based on the useful life of assets (typically up to 10 years for equipment, up to 5 years for working-capital lines). Loans are secured by business/personal assets and guaranteed by any owner of 20% or more. Low-impact logging equipment (with LEAP or Master Logger certification) may qualify for up to an $800,000 loan at 2.5% interest, supported by the Clean Water Fund. A commitment fee of 0.5% ($3,500 maximum) applies.

List of Agricultural Funding for Manufacturing