Commercial Loan Program
Chris Brooks’ family has been in the timber industry for five generations. Given this deep-rooted connection, it was no surprise that he embarked on his own venture in the field.
Though it looked a bit different than others before him.
In 2009, he discovered a closed wood mill in North Clarendon and saw an opportunity to build on his family’s legacy. He transformed the abandoned plant into Vermont Wood Pellet, Co., the state’s first wood pellet processing facility.
From the beginning, Brooks envisioned a sustainability focus for the company. Located in an area with 140,000 acres of managed forest, ensures that 99 percent of the wood harvested regenerates naturally, aligning perfectly with the company’s environmental goals.
To ensure its operations were environmentally sound, the company collaborated with the Biomass Energy Resource Center, now part of Efficiency Vermont. It minimized reliance on fossil fuels by primarily using wood-burning processes to dry the wood. Its carbon cycle is estimated at about 17 years, aiming for carbon neutrality by 2026.
Six months after opening, Vermont Wood Pellet Co. began producing wood pellets and launched sales in the fall of 2009.
Its grassroots marketing strategy was inspired by none other than cookie-and-cracker-makers Pepperidge Farm, placing products in local country stores and gas stations. This approach built brand awareness and fostered strong community ties. The demand was immediate and overwhelming, with the supply selling out every year.
In 2011, Brooks needed a new drying machine to keep up with demand. After consulting with the USDA about a grant loan program, he was directed to VEDA, where he secured the necessary funding and has maintained a strong partnership with VEDA—most recently, using the funding received to add two new loaders to the mix.
“For us, VEDA was the obvious choice in partners thanks to their ease of collaboration, commitment to local businesses, and knowledgeable and caring staff,” Brooks said. “Even when we didn’t have loans with VEDA, Sam Buckley, our loan officer, would still call and check-in.”
As the company moves forward, its commitment to sustainable practices, community involvement, and industry innovation remains steadfast. Brooks’ knowledge of the timber industry and his passion for sustainability have established Vermont Wood Pellet, Co. as an industry leader, positively impacting future generations.