IdaPine Mills, an Idaho lumber company, bought equipment and property in Meridian in May to start a new mill, a lending agency said.
The mill will operate in four existing buildings on 17 acres at 240 W. Taylor Ave. and will create at least 35 jobs, according to the Idaho Housing and Finance Association. The association financed the deal by issuing a $10 million tax-exempt economic-development bond sold to Banner Bank.
IdaPine Mills is a subsidiary of Evergreen Forest Products, which is based in New Meadows.
Bond proceeds paid for the property, planer and related equipment and fixtures. IHFA said it issues about 70 percent of all bonds in Idaho.
From the Idaho Statesman: http://www.idahostatesman.com/news/business/companies/article81153357.html