Bill > S2223

This bill, the Community Wood Facilities Assistance Act of 2021, amends the Farm Security and Rural Investment Act of 2002 to improve assistance for community wood facilities. The key provisions include: renaming the "Energy and Wood Innovation" program to the "Facilities Grant" program, increasing the federal cost-share for eligible projects from 35% to 50%, raising the maximum grant amount from $5 million to $5 million per project, and expanding the program's scope to include support for the "construction, use, or retrofitting of forest products manufacturing" facilities. Additionally, the bill makes changes to the Wood Innovations Grant Program to focus on "expanding forest products manufacturing." Overall, the bill aims to provide greater financial assistance to help communities invest in and develop wood processing and manufacturing infrastructure.