Catalyst Paper’s project would support 62 new jobs at Rumford mill
British Columbia-based Catalyst Paper Corp. projects that a $56 million investment in a tissue-making machine at its Rumford mill would support 62 full-time jobs. The Bangor Daily News reported that Catalyst has applied for a $25 million loan through the Finance Authority of Maine's Major Business Expansion and for $12.7 million in state tax credits or taxpayer cash through the state's New Markets Capital Investment program, to help finance the machine. Catalyst plans to put in $13.9 million of its own money into the project.