Engineered Forest Products
ACTIVELY RECRUITING ENGINEERED FOREST PRODUCT MANUFACTURING TENANTS
Engineered Forest Products Assets
- Long term timber resource
- Ideally located to utilize 3.2-million acre North Maine Woods resource – an association of industrial forest owners – directly accessed via Golden Road
5.6-million acre woodshed within 90-minute drive of Millinocket
- Forest Ownership and Certification
- 93% of Millinocket woodshed privately owned
- State-wide, 54% of forestland owned by large landowners
- Nearly 50% of Maine’s forests are certified (2018,miIlion acres)
SFI – 7.21, FSC – 4.86, ATFS – 0.5, with 8.35 non-duplicative
- Opportunities to utilize/develop other species
- 13% of woodshed Eastern Hemlock standing volume of 5 million m3
- Underutilized species with 85,000 m3 net growth in woodshed (2019)
- Multiple efforts to test/certify use of hemlock in CLT
- Golden Road
- 96 mi, no weight limit, private road – One North to Quebec border
- Streamlined permitting. Business-friendly, amendable SLODA (site and land) permitting
Site Description
- Existing Infrastructure
- Less than 200 acres of brownfield, less than 1,200 acres of greenfield
- 126 MW of low-cost, renewable hydropower
- Direct connection with the private Golden Road
- On-site access to NBM Railways
- 2022 EDA Funded Infrastructure Improvements
- 34.5 KV power supply to Greenfield tenants
- Water main, fire hydrants and redundant pumps & power for site fire suppression
- Sewer installation for connection by tenants
- Renewable power distribution
Market
- Population of 52 million people within 500 miles
Transportation
- Proximate access to interstate
- Access to Canadian Pacific Rail (Rail spur)
- Millinocket Municipal Airport
- Town owned public use airport
- Scheduled rebuild of one (4,700/1,433) (possibly two) runways in 2023
Workforce Development Capacity
- Katahdin Higher Education Center (KHEC) to tailor specific workforce development programs. KHEC is an off-campus site of Eastern Maine Community Center and the University of Maine system
- Maine Department of Labor: On-the-job Training Funds
Incentives
- Pine Tree Development Zone (PTZ) – Tier 1 location and eligible industry sector
- Business Equipment Tax Exemption (BETE)
- Opportunity Zone (OZ)
- Municipal Tax Increment Financing (TIF)
- New Market Tax Credit (NMTC) – Our team can navigate NMTC financing for the overall development costs of a mass timber manufacturing facility. Example: $45M investment would create a $9M-$11M subsidy for the project
- Employment Tax Increment Financing (ETIF)
Other Benefits
- 100% renewable hydropower
- Grant opportunities- Our Katahdin to leverage grant opportunities and its relationship with architecture and higher education institutions for the expansion of the North American mass timber market
- Research, testing, and product development engagement opportunities. University of Maine at Orono (less than one hour drive) is Maine’s foremost public research university with world-class engineering research facilities in CLT and related products
- 4 seasons of world-class outdoor recreation, including hunting, fishing, biking, hiking, boating, snowmobiling, ATVing, and skiing
- High fiber optic capacity
For more information or to schedule a tour of the site, please contact info@onenorth.net.