A loan to Tillamook Fiber Recover allowed the company to purchase a 40-acre site located in Molalla, Oregon, and provided the financial resources to make small site upgrades. The financing helped to retain existing jobs and create new jobs, with an average wage of $18 per hour.
The purchase provided TFR the certainty it needed to make short term improvements including switching its wood chipper from diesel to electric power, which is expected to save approximately $100,000 annually in operation costs. The log yard has grown from six to nine full-time employees during this period.