Increased Grants for Community Wood Facilities and Forest Products Manufacturing.
This law doubles the annual federal funding for grant programs supporting the construction and modernization of wood product manufacturing facilities. It raises the maximum grant amount to $5 million and allows federal funds to cover up to 50% of project costs, aiming to boost the economy in rural and forested communities. Citizens may benefit from new job creation and support for local industry.
Key points
Annual grant funding for wood processing facilities is doubled to $50 million per year for fiscal years 2024 through 2028.
The maximum grant amount for a single project is increased to $5 million, facilitating larger infrastructure investments.
The scope of support is broadened to include the construction of new manufacturing facilities, not just the retrofitting of existing sawmills.
Expired
Citizen Poll