U.S. Sen. Charles E. Schumer on Tuesday pledged to help Newton Falls Fine Paper Co. access a federal funding program to create jobs.
Mr. Schumer said in a press release that the town of Clifton paper mill is not eligible for the U.S. Department of Agriculture’s Business and Industry Loan program because a Canadian firm, Scotia Investments, owns a majority share of the company.
The company seeks funding to purchase a cellulosic ethanol boiler to power its machines, which could create 95 jobs and retain 120 jobs at the mill.
“Federal dollars that are meant for economic development should be spent in a way that creates the creates number of jobs in the United States,” Mr. Schumer said in the press release. “Since Newton Falls Paper will be spending every nickel right here in New York — and creating jobs for New Yorkers — I am urging USDA to craft a creative solution that finds a way to help the company expand its American operation.”