New Report Asserts Softwood Lumber’s Economic Impacts

Forest Economic Advisors
Softwood Lumber Board
November 13, 2017
Category: Business & Politics
Region: United States

A new report by Forest Economic Advisors (FEA), commissioned by the Softwood Lumber Board (SLB), highlights the importance of softwood lumber manufacturing to the US economy and, in particular, the health of rural communities. Through both direct manufacture and via downstream industries that use softwood lumber as a primary input, FEA estimates that 775,674 jobs, with a total payroll of more than $46 billion, are tied to the softwood lumber manufacturing industry. There are currently 509 sawmills operating in 464 mostly rural communities across 32 states. …FEA also assessed the economic impacts of seven downstream industries that rely heavily on lumber as a primary input in their operations. …FEA’s findings confirm the importance of the SLB’s efforts to safeguard and increase softwood lumber’s market share, as literally tens of thousands of families in hundreds of different communities rely on a healthy, strong softwood lumber industry.

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