The Center is supporting the region’s wood product manufacturers as they contend with the business impacts of the Covid-19 crisis. Dave Redmond, director of wood product programs for the Center, is using his experience in banking and manufacturing to provide 1:1 support to companies.
He’s helping companies, particularly in Vermont, to navigate the multiple government financial programs available to assist businesses, and advising them on reopening their business in compliance with state guidelines. “This industry-wide shutdown is unprecedented,” said Redmond. “The impacts are huge on individual companies, of course, but also on the entire supply chain. They’ve not only had to cease production, but they’re facing very uncertain market demand when they’re able to reopen.”
Dave has also provided financial guidance to several companies relating to their situation and best approach to operating their business as a result of the crisis and changes in market conditions.
He’s also been collaborating with Vermont Sustainable Jobs Fund, Vermont Wood Works Council, Vermont Department of Forest Parks and Recreation, and University of Vermont Extension to reach out to forest-based businesses to extend help to the industry.