U.S. Senators Jeff Merkley and Ron Wyden (both from Oregon) have announced that over $1.6 million in federal funds that will support mass wood products production and affordable housing construction are on their way to Oregon through a program Merkley spearheaded back in 2018. The grants are being allocated to companies including DR Johnson Wood Innovations in Riddle which will receive just over $47,000 to support the use of hem-fir trees for cross-laminated timber manufacturing. In a statement Merkley said, “We have been working to establish Oregon as a hub for mass timber products, using local timber and bolstering our forest products economy.” Merkley said the pathway for federal grants are needed to strengthen this growing sector. He added that means Oregonians can continue to innovate, create jobs, and address the state’s critical affordable housing construction needs. Wyden said the federal resources heading to Medford, Portland and Riddle will “…strengthen the bridge linking rural and urban Oregon, generating jobs and new economic opportunities that can increase the supply of affordable housing”. He added the investment in innovation uses for the state’s signature timber products is “…good news for Oregon’s economy and for families in our state and nationwide who very much need housing options that fit in their budget.”
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.