A partnership between Southport Forest Products and the Int’l Port of Coos Bay secured $506K in ConnectOregon funding to rehabilitate infrastructure that enabled Southport to ship its first load of wood chips. According to The World, “The project is expected to increase employment in Southport’s local operations, and in maritime services and the longshore labor sectors.”
The paper also reported on the company’s purchase “of 33 acres in 2011 from the Port for development of its wood chipping and log handling operation”. The port sold the land to Southport on sweetheart terms requiring only $7,500 down on a $1.3+ million purchase price and 3% interest.
Between the ConnectOregon grants and the extremely favorable purchase terms, Southport has benefited greatly from taxpayer investments considering the undefined number of as yet unidentified jobs promised.