The Technology Development Loan will be used to help the innovative company continue its expansion into the commercial market. WholeTrees plans to launch a new line of engineered building products using round timber, an effort that could create up to 76 new jobs over the next four years.
"Creating new jobs and growing our economy depends on the innovation and forward-thinking of companies like WholeTrees,"
Founded in 2007, WholeTrees has developed the technology to cost effectively take the small diameter trees removed from routine forest thinning and fabricate them into structural building systems that can compete with steel, engineered wood and concrete.
Not only does the process provide an incentive for healthy forest management by finding a use for what would otherwise be forest waste, but the modular commercial structural building systems created by the timber have lower material and construction costs than steel or concrete.
"WEDC is pleased to support WholeTrees as it provides a cost-efficient construction product and at the same time promotes healthy management of our forests," said
"Our innovations introduce a truly green structural system with prices that allow the green construction market to build to its aspirations," said
WholeTrees has developed a proprietary manufacturing process with patent-pending structural components based on research conducted with the
WholeTrees in 2012 also received the Qualified New Business Venture (QNBV) certification from WEDC. The QNBV status makes investors in startup and early-stage companies eligible for a 25 percent tax credit on the amount they invest in the business.
WholeTrees began its business focusing primarily on residential construction. In 2012, the company began to focus on the commercial construction market by manufacturing columns, beams and other structural assemblies. WholeTrees is now planning to column and beam assemblies and open web trusses that can replace steel, concrete or engineered wood with the same results and less costs.
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