The Tahoe Forest Products sawmill in northern Douglas
County.
U.S. Department of Agriculture Rural Development Nevada State
Director Alida Ceballos today announced that Tahoe Forest
Products, LLC. will receive $50 million to expand timber
processing capabilities at its business in Carson City. This
significant investment comes through a partnership between the
USDA and MapleMark Bank and will enable the business to access
guaranteed loan funds to support domestic timber production.
Ceballos said, “Thanks to the leadership of Secretary of
Agriculture Brooke Rollins and President Trump, USDA is
partnering with lending institutions to make this substantial
investment in new and upgraded timber processing equipment for
Tahoe Forest Products, LLC. This investment supports sustainable
timber harvesting that improves forest health, reduces wildfire
risk, and strengthens rural prosperity by creating jobs for
hardworking Americans. Nevada is proud to further the
Trump-Vance investments into our great state.”
The investment, funded through USDA’s Timber Production
Expansion Guaranteed Loan Program (TPEP), and Business &
Industry Guaranteed Loan Program, will assist the business to
expand processing capabilities, including kilns, utilizing
timber from Nevada and California, a planer mill, and a new saw
line. This expansion will allow Tahoe Forest Products, LLC to
shift from raw material production to finished lumber suitable
for sale to retail distributors and large-scale construction
markets. In addition, the business will increase its capacity
for lumber production from purely rough lumber to premium lumber
by 60,000 MBF, or thousand board feet. This investment directly
aligns with President Trump’s Executive Order on the Immediate
Expansion of American Timber Production.
TPEP is made possible by a partnership between the USDA Rural
Development and the U.S. Forest Service and ensures sawmills and
other wood processing facilities have the necessary funding to
establish, reopen, expand, or improve their operations. The
program also helps address the wildfire crisis by investing in
local sawmills that clear out dangerous fuel in our forestlands,
helping to remove the most immediate threats to communities,
critical infrastructure, and natural resources. Since its
inception, USDA has invested $165.2 million through TPEP in the
states of California, Idaho, Kansas, Louisiana, Maine, Nevada,
Oklahoma, Oregon, Virginia, and Wisconsin.
Source:
rd.usda.gov