Verso Paper Mill

New Markets Tax Credit Coalition

Quinnesec,
MI
(2010)

Verso Paper Mill

Business Development, Energy, Manufacturing, Rural

The project includes equipment and facility upgrades to a paper mill in Quinnesec, MI.

Investment

NMTC Amount: $31,017,500
Total Project Cost: $50,281,066

IMPACT

50 FTE jobs
90 construction jobs

CDEs

Cinnaire New Markets, Local Initiatives Support Corporation, Michigan Community Capital

Investor

Chase

Project Description

The project includes equipment and facility upgrades to a paper mill in Quinnesec, MI. Located in the Upper Peninsula of Michigan, the primary purpose of the project is to increase the renewable electricity generation capabilities of the mill through the installation of a new 28 MW steam turbine generator, upgrades to the existing biomass boiler to allow for increased steam output, purchase and installation of biomass material handling equipment, and construction or installation of related improvements, infrastructure, and equipment.

MAP

Address: West 6705 US Highway 2, Quinnesec, MI 49876

Census Tract: 26043950300

PDF Profile

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