Grants aim to expand sustainable wood market
The USDA Forest Service announced a significant financial initiative, offering up to $34 million in grants to stimulate the forest products sector and enhance job opportunities. This funding, stemming from the Bipartisan Infrastructure Law and the Inflation Reduction Act, underscores a substantial investment in America’s wood products economy under the administration.
These grants, available through the Wood Innovations Grant, Community Wood Grant, and Wood Products Infrastructure Assistance Grant Programs, aim to foster new markets for sustainably sourced wood and expand processing capabilities.
Agriculture Secretary Tom Vilsack highlighted that these efforts make forests healthier and communities more vibrant, supporting sustainable forest management and rural job creation.
The grants have already facilitated nearly $190 million in funding to hundreds of projects since 2021, leveraging over $618 million in matched funds, totaling an $808 million investment. These initiatives are critical in reducing the risks of catastrophic wildfires and other forest threats by enhancing markets for sustainably sourced wood.
Entities eligible for this funding include a broad range of sectors from private and nonprofit to governmental levels, including tribes and educational institutions.
The focus extends to supporting the retrofitting and expansion of facilities that manage wood materials traditionally seen as having little commercial value.
These investments also align with the Forest Service’s decade-long strategy to mitigate wildfire risks through proactive forest management, using byproducts from these activities in commercially viable wood products.