Stay updated with breaking news from Madison Paper. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The mill's closure, announced Monday morning by parent company UPM-Kymmene Inc., will put about 214 employees out of work as the paper business ends and its hydro power assets sold.
The proposed apartments would be constructed at a town-owned site that was once home of the Weston Avenue School and more recently was home to Maine School Administrative District 59's administrative offices until closing in 2012.
Monadnock Paper Mills, Inc. Announces New VP Human Resources
A public-private program has been supporting redevelopment projects for the next generation of forest products. With the new money, funding now totals $1.2 million.
GO Lab Inc. plans to employ more than 100 people at the former Madison Paper Industries mill, which shuttered three years ago.