Madison, WI– Today, The Forestry Revitalization Act, authored by Senate President Mary Felzkowski (R- Tomahawk) and Representative Chanz Green (R-Grand View), was signed into law. The legislation, which will provide tax credits for a plant to turn woody biomass into sustainable aviation fuel, is the largest investment in Northern Wisconsin in state history.
The new facility is projected to have billions of dollars of impact on the Northwoods economy and will create thousands of direct jobs at the new plant. The project will also create and support an untold number of jobs in adjacent industries.
The demand for sustainable aviation fuel is growing globally. By 2050, the European Union will require 70% sustainable aviation fuel, and domestic airlines are phasing in requirements as well.
Following the legislation being signed into law, Senator Felzkowski issued the following statement:
This legislation will be transformative for the Northwoods economy and the forest products industry across Wisconsin. I’m thrilled that, after months of hard work from all our Northwoods legislators, we were able to get this across the finish line. It’s a great day for the Northwoods.
