Harnessing Sustainable Power: Goosebay Sawmill & Lumber’s Research and Development Journey
Goosebay Sawmill & Lumber, a prominent business in New Hampshire, is set to embark on an exciting venture thanks to new federal funding. With a focus on renewable energy and clean water initiatives, this investment aims to revitalize water infrastructure and introduce solar power to the business.
The U.S. Department of Agriculture’s Rural Development program, in collaboration with Congresswoman Annie Kuster, D-NH, is spearheading this transformative endeavor. The objective is twofold: expanding access to clean energy and creating essential infrastructure in rural communities across New Hampshire.
Congresswoman Kuster, a strong advocate for renewable energy, emphasizes the significance of this endeavor. She believes that supporting clean energy technology and reinforcing clean water infrastructure are essential for the state’s development. During a recent visit to Goosebay Sawmill & Lumber and Woody Hollow Cooperative, Kuster witnessed firsthand the positive impact that federal resources will have on these communities.
The funding for these initiatives has been secured through the Rural Energy for America Program and Water and Environmental Programs. Goosebay Sawmill & Lumber will receive a substantial grant of $44,602 from the Rural Energy for America Program. This grant will be dedicated to the purchase and installation of two solar arrays, a transformative step towards harnessing sustainable energy for the business.
Meanwhile, Woody Hollow will benefit from a generous grant of $800,000 and a $156,000 loan through the Water and Environmental Programs. This financial support will enable the community to replace its aging water infrastructure, ensuring access to clean and reliable water for all residents.
Carl Mahlstedt, the owner of Goosebay Sawmill & Lumber, expressed his excitement about the USDA Rural Development grant. He emphasized the positive impact it will have on their operations and the significant cost savings on energy expenses. By embracing solar energy, Goosebay Sawmill & Lumber is positioning itself as a leader in sustainable practices while bolstering its long-term viability.
The infusion of federal funding into these ventures signifies a pivotal moment for Goosebay Sawmill & Lumber and the local community. By embracing renewable energy and revitalizing water infrastructure, these initiatives will pave the way for a more sustainable future.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
