Rumford mill expansion relies on tax credit program

RUMFORD, Maine (Portland Press Herald) -- Three years after a controversial tax break program failed to prevent a paper mill in Northern Maine from closing, another paper company is using the program to lure investment for mill improvements projected to create and sustain jobs in Oxford County.

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Catalyst Paper has lined up $12.7 million in state tax credits to leverage a $31 million investment to add a new tissue paper machine at its Rumford mill through a subsidiary called Pacific Falcon Corp. Catalyst also is seeking a $25 million loan that would bring the total investment in the mill to at least $56 million.

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