(Montana – MFP) About a year after the most recent announcement of a Montana sawmill closure, state lawmakers passed a bill creating a low-interest loan program for companies reopening a mill in an effort to boost Montana’s economy and forest health.
Missoula County’s two largest wood products facilities — Pyramid Mountain Lumber in Seeley Lake and Roseburg Forest Products in Missoula — announced in March 2024 plans to close, affecting about 250 employees.
HB 876, also known as the Sawmill Revitalization Act, sets aside $6 million for loans administered by the state Board of Investments. Any money not spent by June 30, 2027, will be transferred back to the capital development long-range building account.
