NEWS
RELEASE
United States Department
of Agriculture • Rural Development
3001 Coolidge Rd. • 2nd Floor North • Suite 200 • East Lansing, MI 48823
Phone: (517) 324-5204 • Fax: (517) 324-5225 •
alec.lloyd@mi.usda.gov
Contact: Alec Lloyd
(517) 324-5204
USDA Rural Development Celebrates Grand Opening of Isabella Wood Pellet Manufacturing Facility
EAST LANSING, Sept. 22, 2011 – U.S. Dept. of Agriculture Rural Development State Director for Michigan James J. Turner today commemorated the grand opening of Isabella Pellet’s manufacturing facility in Lake Isabella.
“USDA Rural Development is helping entrepreneurs find the capital they need to restore the rural economy,” said Turner. “This facility takes waste products and produces something of value, providing another example of how Michigan businesses are leveraging our state’s natural resources.”
The facility will produce wood pellets for home heating and animal bedding from Michigan Red Pine sawmill waste.
The agency provided a $1.2 million loan guarantee to Chemical Bank to help finance the project
USDA, through its Rural Development mission area, administers and manages housing, business and community infrastructure and facility programs through a national network of state and local offices. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America. Rural Development has an existing portfolio of more than $150 billion in loans and loan guarantees. Visit http://www.rurdev.usda.gov for additional information about the agency’s programs or to locate the USDA Rural Development office nearest you.
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