Great Northern Gets Help From State
Great Northern Paper is the owner of mills in East Millinocket and Millinocket, Maine, both of which had been closed until the company restarted PM 5, a newsprint and uncoated mechanical machine last month. Now, the Board of Directors of the Finance Authority of Maine has approved a direct loan of $1 million, giving Great Northern a chance to better its financial position. FAME is trying to help the mill retain ~215 jobs in the state.
