Maine Gov. Janet Mills announced $14 million in grant funding is now available for Maine forestry companies from the second round of the Forest Recovery Initiative of her Maine Jobs & Recovery Plan.
Mills announced the $20 million Forest Recovery Initiative grant program through her Maine Jobs & Recovery Plan in November 2021. The first phase of the program provided financial relief to 219 forest products industry businesses that experienced negative impacts from the pandemic to help them sustain the viability of their business. Of the 219 companies awarded grants, 83 percent have ten employees or fewer.
The second and final phase of the program, administered by the Maine Technology Institute (MTI), will provide grants ranging from $250,000 to $2,000,000 to forestry companies to support forward-looking projects that address new market demands, provide new sustainable products, or otherwise advance the long-term stability of the forestry industry.
Funds may also support infrastructure upgrades that strengthen the supply chain and help businesses pivot to new products and markets.
“These new grants are dedicated to supporting innovative businesses in our forest products sector that are already making Maine’s heritage industry more competitive on the world stage,” said Mills. “My Administration will continue to support our forest products industry and the people it employs across our state.”