Wisconsin Assembly passes bill designed to save paper mills

Wisconsin State Capitol from Monona Terrace in Madison, WI

MADISON, Wis. (AP) — The Wisconsin Assembly has passed a bill designed to save two shuttered paper mills.

The bill passed Tuesday would make available a $50 million loan to a cooperative that wants to buy the shuttered Verso paper mill in Wisconsin Rapids and make a $15 million loan for a cooperative working to purchase the paper mill in Park Falls formerly known as Flambeau River Papers.

The money would come from federal coronavirus relief money. The bill came after a year of discussion with state, local and federal officials about how to save the Verso mill, which closed in June 2020 after more than a hundred years of operation. It employed 900 people.