News

Community Development Block Grant nixed for SmartLam project

SmartLam, an "advanced cross-laminated timber and wood-processing business," will launch as planned this summer in Columbia Falls.

But it must do so without a low-interest, $800,000 loan because state officials shifted $1.7 million available for economic development projects over to another program where it will be used to help pay for community development and infrastructure projects.

"This project is going forward," Doug Shanks, president of Western Building Center, said about SmartLam. Western Building Center has invested in the SmartLam venture and the company’s truss plant site is where the new business will be located.

The company is busy installing equipment and hopes to test that equipment over the next two weeks and start some production by mid-August.

By TOM LOTSHAW/The Daily Inter Lake

Full Story: http://www.dailyinterlake.com/news/local_montana/article_9a3c170c-d214-11e1-9e4b-001a4bcf887a.html

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.