ST Paper (2010)

Oconto Falls, WI

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NMTC Amount: $90,932,150

Est. Total Project Cost: $115,346,010

COMMUNITY IMPACT

ST Paper purchased the Oconto Falls mill in 2007 and made investments in the operation to expand its customer reach and improve production capabilities. Today it is an outsourced manufacturer of 100% recycled fiber tissue, napkin, and towel products for the paper industry and employees 95 employees. ST Paper is active in the Oconto Falls and greater Northeast Wisconsin community by supporting numerous local charities and scholarships to positively impact the lives of low-income people and those less fortunate. ST Paper LLC is a locally-owned manufacturer that produces 100% recycled fiber tissue andlinerboard products. Wisconsin, the longtime national leader in paper production, suffered the closure of three major paper mills in 2008. Two additional major mills have announced their closures by the end of 2010, contributing to the trend of mill closures and job losses – roughly a third of the state’s papermaking jobs – since 1997. With 87 employees, ST Paper is currently the largest private employer in Oconto Falls where unemployment is 11.9%. Through the NMTC-facilitated debt refinance, ST Paper has created an opportunity for six low-income individuals to acquire a combined equity ownership interest totaling fifty percent of the company.

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