US Forest Service to Invest $74 Million in Wood Products Innovation, Energy, and Capacity
On Tuesday, US Deputy Secretary of Agriculture Xochitl Torres Small announced that the Department of Agriculture’s Forest Service is investing nearly $74 million to spark innovation, create new markets for wood products and renewable wood energy from sustainably sourced wood, and increase the capacity of wood processing facilities.
These investments fund 171 project proposals across 41 States and American Samoa and directly support forest health and the wood products economy. Sustainably sourcing materials for wood products directly supports efforts to improve forest health. Removing dead trees and overgrown vegetation reduces wildfire risk, improves forest health, and creates wildlife habitat—all while supporting the forest products economy.
The Forest Service is awarding grants to entities across the public, private, and non-profit sectors through its Wood Innovations Grant, Community Wood Grant, and Wood Products Infrastructure Assistance Grant Programs. Grant funding will support proposals that increase demand and create new and innovative uses for sustainably sourced wood. Funded proposals include converting heating systems in schools to sustainable biomass boilers, installing cutting-edge equipment in sawmills and processing facilities to increase efficiency, supporting innovative housing using mass timber, and more.
As part of these investments, the Forest Service is providing more than $7 million to 10 project proposals from Tribes that will directly support Tribally owned businesses and project proposals from Tribal governments. These investments are one way the agency is implementing its plan to strengthen Tribal consultation and nation-to-nation relationships.
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.