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8
a.m., Raymond, Washington
The morning shift begins
at the Willapa Bay Hardwoods
sawmill, and the buzz
is a welcome sound. This
timber town suffered
an economic downturn
in 2001 when one of its
mills closed down, eliminating
many good jobs.
Six months later, local
leaders and former employees
sat down with ShoreBank
Enterprise Pacific and
mapped out a plan to
buy the mill. Local residents
raised $320,000, ShoreBank
lent $350,000, the State
of Washington loaned
the company $150,000
and Willapa Bay Hardwoods
was born. The mill has
operated at a profit
since late 2002 and has
replaced many of the
lost jobs.
A locally-owned, stand-alone
sawmill is a rarity in
an industry dominated
by corporate giants.
Local ownership means
that the wealth generated
by the mill stays in
Raymond, as employees
and shareholders spend
their earnings in the
local community and create
a positive ripple effect.
ShoreBank Enterprise
Pacific is now working
with the owners to address
water quality and ecological
issues, building on a
strong and trusting relationship
to tackle traditionally
controversial issues.
ShoreBank provides technical
services and consulting
to help revitalize local
economies and protect
and restore the environment,
breathing new life into
rural communities. This
work focuses on the triple
bottom line, striving
for economic impact,
community revitalization
and environmental responsibility. |
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