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GO Lab Inc. closed on the sale of $85 million in bond funding and completed a New Markets Tax Credit transaction that will fund construction of a wood fiber insulation manufacturing facility in a former mill in Madison.
GO Lab secured $85M worth of funding to build three manufacturing lines that will produce wood fiber insulation on the site of the old Madison paper mill.
MADISON, Maine (AP) — Belfast-based GO Lab has secured the $85 million in financing needed to begin transforming the former Madison Paper Industries mill. GO Lab intends to produce three types of wood-fiber insulation, employing 120 people at the Madison mill.
GO Lab announced Thursday that Cianbro construction will move forward to install three manufacturing lines at the former Madison Paper Industries complex.
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