$6M in grants to boost Maine’s forest industry
AUGUSTA, Maine (AP) — More than 200 forest companies in Maine will receive $6 million in grants through a state initiative looking to invigorate one of the state’s oldest industries.
Democratic Gov. Janet Mills said Tuesday the grants will be administered by the Maine Technology Institute and will mostly go to companies that have 10 employees or fewer. Most will support rural logging and trucking companies that were hurt by the COVID-19 pandemic, she said.
The grants are expected to reach the companies in April. They are designed to help with expenses such as payrolls costs, mortgage and utility payments and equipment, Mills’ office said in a statement.
Future phases of the state’s Forest Recovery Initiative are expected to bring the awards up to $20 million, the office said.