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Photo Credit: Courtesy of the Borrower

St. Croix Tissue, Inc.

Baileyville, ME
December 2013

Funds the purchase of a light, dry, crepe (LDC) or tissue machine, vertically integrating the parent company’s pulp production. Supports the existing 320 jobs at the Woodland Pulp facility in addition to new direct jobs at the tissue mill and includes the development of a workforce training program.

 

Project Facts:

CCML Financing: 
$20,000,000 Federal/ $11,666,667 State
Financing Program: 
Federal New Markets Tax Credits and Maine New Market Capital Investment
Tax Credit Investor(s): 
U.S. Bancorp Community Development Corporation
Other CDEs: 
One Partner CDE

Community Benefits:

Permanent Jobs Created/Retained: 
80
Other Benefits: 
$500,000 for employee training programs