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GOLab
Madison, ME
United States
Acquisition and redevelopment of a former paper mill to manufacture wood fiber
insulation.
Sponsor
GOLab, Inc.
Source
New Markets Tax Credit Financing
Financing Total
$3,479,250
Impact
GOLab will produce new products using Maine’s major asset, its wood basket,
and add over 95 quality jobs to northern Maine, filling an economic need after job
losses resulting from the closure of seven paper mills in the region.