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Spruce Root, State of Alaska Partner to Expand Southeast Alaska Sustainable Timber Manufacturing (9/30/2026)

Alaska Department of Commerce, Community, and Economic Development

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Added to The State & Nation: October 13, 2026

What this means

The Alaska Department of Commerce, Community, and Economic Development and Spruce Root announced a $2.5 million financing package for Alaska Timber and Truss in Petersburg. The package consists of a $900,000 state revolving-fund loan, $1.5 million from Spruce Root and $100,000 from Sitka Conservation Society; it is intended to modernize sawmill and log-handling equipment, add kilns, connect operations to Petersburg's hydroelectric grid and increase processing of young-growth timber. The partners expect the project to create 10 jobs and preserve five existing positions, although those employment figures are projections rather than completed results.

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This announcement was published by Alaska Department of Commerce, Community, and Economic Development. The direct link below opens the official publication.

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https://www.commerce.alaska.gov/web/Portals/0/pub/Press%20Releases/2026/26-011%20Timber%20and%20Truss%20Funding%20Partnership%20Announcement_10.01.2026.pdf?ver=uQIjWc_Vqg9w7E0LZvUg8w%3d%3d

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