Columbia Pulp receives $20M in new funding

STARBUCK — The Columbia Pulp mill project has obtained additional financing to help with startup of the northern Columbia County plant, which will turn waste straw into pulp for papermaking.

Columbia Pulp I LLC has received $20 million in New Markets Tax Credit financing from CEI Capital Management LLC, company officials announced today.

The New Markets Tax Credit Program provides incentives for community development and economic growth through the use of tax credits that attract private investment to distressed communities, according to the Department of Treasury website....

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