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Increased Support for Community Wood Facilities: More Grants, New Opportunities

This new act boosts financial aid for local wood processing facilities, potentially creating jobs and fostering economic growth in rural communities. The changes also make it easier to modernize existing businesses and build new ones, impacting the availability of wood products and local economies.
Key points
Maximum grant amounts for wood facilities increase from $1.5 million to $5 million, offering greater development opportunities.
The annual program budget for 2026-2030 doubles from $25 million to $50 million, increasing funding availability.
Support programs will now cover the construction of new facilities, not just modernization, opening new investment prospects.
The energy capacity limit for grant-supported projects is raised, allowing for larger and more efficient ventures.
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Introduced
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Additional Information
Print number: 119_HR_2517
Sponsor: Rep. Perez, Marie Gluesenkamp [D-WA-3]
Process start date: 2025-03-31