The Forestland Group, West Virginia
Through the New Markets Tax Credit program, BlueHub Capital, then known as Boston Community Capital, supported The Forestland Group’s Project Blue, a forestry initiative utilizing sustainable, ecologically-responsible planning. The Forestland Group was the first in the world to receive SmartWood/Forest Stewardship Council certification for its entire global timber portfolio. In addition to its environmentally-sound approach to timbering, Project Blue supports jobs for over 160 individuals working in the forest, as well as over 1,000 workers in the ten local mills that receive timber from Project Blue. Through the New Markets Tax Credit program, BlueHub Capital has invested over $100 million in work that serves rural communities, like its partnership with the Forestland Group.