Summit County meeting to focus on regional financing program
By Summit Voice
SUMMIT COUNTY —Even as the pine beetle outbreak slows down in Colorado, state and regional officials are redoubling their efforts to find some use for the vast tracts of dead trees left behind and to jump-start businesses that could help build a sustainable forest product industry in the years to come.
A new fund set up by the Colorado State Forest Service and administered through the Northwest Colorado Council of Governments is offering loans to help businesses that harvest, remove, utilize or market timber from beetle-killed stands and other forested areas in northwest Colorado.
The Forest Business Loan Fund will provide community-based financial lending capital for timber and wood products businesses to expand their capacity to more economically remove and use timber, develop new market opportunities, and help address employment concerns in forest-based communities. This fund is currently limited to businesses in counties serviced by the Northwest Loan Fund.
The loan fund will be the featured topic of discussion at today’s (Feb. 14) Summit County Forest Health Task Force lunch at the Backcountry Brewery in Frisco (12 p.,. – 1:30 p.m.) with Kim Langmaid, of the National Forest Foundation and June Walters, of the Northwest Loan Fund.
Funds will be available on a first-come, first-serve basis. There is no closing date to apply, but applications are encouraged to be submitted by April 30 for timely consideration.
For a complete list of eligible counties or for more information, visit csfs.colostate.edu/cowood/fblf.html or contact the CSFS at 970-247-5250.
Filed under: agriculture, business, Colorado, economy, Environment, Forest health, forests, pine beetles, Summit County Colorado, Summit County news Tagged: | Colorado, Colorado State Forest Service, forest heatlh, forest product loans, forests, Northwest Colorado Council of Governments