The U.S. Department of Agriculture (USDA) has announced $80 million in loan guarantees to support timber businesses in Oregon and Nevada, a move the agency says will expand domestic lumber production, create rural jobs, improve forest management, and help reduce wildfire risks.
The funding, announced by USDA Acting Under Secretary Todd Lindsey, is being provided through the Timber Production Expansion Partnership (TPEP) Guaranteed Loan Program and the Business and Industry Guaranteed Loan Program. According to…