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Increased Support for Community Wood Processing Facilities

This act increases financial support for local wood processing facilities, potentially creating new jobs in rural areas and boosting local economies. The changes also facilitate the construction and modernization of such facilities, supporting the utilization of forest resources.
Key points
Maximum grant amount for wood-related projects increased to $5 million.
Annual program funding doubled to $50 million for fiscal years 2022-2026.
Expanded scope of eligible projects to include construction and retrofitting of wood product manufacturing facilities.
Thermal energy capacity limit for projects increased from 5 to 15 megawatts, allowing support for larger installations.
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Additional Information
Print number: 117_S_2223
Sponsor: Sen. Feinstein, Dianne [D-CA]
Process start date: 2021-06-24