New Markets Tax Credit Coalition

Search

ST Paper

ST Paper purchased the Oconto Falls mill in 2007 and made investments in the operation to expand its customer reach and improve production capabilities.

Investment

  • NMTC Amount: $90,932,150
  • Total Project Cost: $115,346,010

IMPACT

  • 25 FTE jobs
  • 567 construction jobs

Investor

Project Description

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 and linerboard 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.

MAP

Address: 106 East Central Avenue, Oconto Falls, WI 54514

Census Tract: 55083101200

Other Wisconsin Projects

In 2004, a manufacturer increased operational support at is Viola and La Crosse locations to help retain its 180 employees.
The $90 million mixed-use plan for a site currently owned by Meriter, called Block 51, includes 400 mixed-income housing units, 20,000 sq. ft. of retail space, 100,000 sq. ft. of
Construction of a 106,369 sq. ft. educational facility on donated property.
An investment helped the Lac du Flambeau Band of Lake Superior Chippewa Indians to construct a center that meets the dental care needs of band members and other regional residents.