July 14, 2013
The U.S. Endowment for Forestry and Communities (the Endowment) and the Natural Capital Investment Fund (NCIF) today announced a joint investment in South Carolina’s only cooperative-owned diesel fuel depot to help ensure more sustainable businesses and a brighter future for all associated with America’s forests. The depot, located at the entrance to International Paper Company’s Georgetown, SC, paper mill, is one of twenty facilities developed by the Southern Loggers Cooperative (SLC) since its inception in 2004. Timber harvesting companies that are members save on each gallon of diesel fuel they purchase at a SLC depot, and then share in any profits at the close of each year.
“The Endowment is founded on and committed to supporting the needs of North America’s forest industry,” notes Endowment President Carlton Owen. “Timber harvesters are the most fragmented and perhaps least appreciated link in the forest-to-consumer value chain. Our investment with NCIF will help not only loggers in the Low Country of South Carolina, but we hope that it spurs SLC and others across the nation to turn attention to ways to help these small businessmen and women become more sustainable.”
Rick Larson, Director of NCIF’s Sustainable Logging Initiative, says “We’re very excited to join the Endowment in funding the Georgetown Depot. Helping loggers reduce their fuel costs is critical to their financial self-sufficiency, and NCIF is committed to supporting strong, economically viable, and responsible logging enterprises throughout the Southeast and Appalachia.” In the past, NCIF and the Endowment have partnered to create a capital source for small-scale forestry businesses (ShadeFundTM), and the Endowment is providing critical operating support for NCIF’s Logging Initiative in Georgia.
Joe Young, President of Low Country Forest Products, and a logger for over 50 years brought the need for funding for the Georgetown facility to the Endowment. “We can’t thank the Endowment and NCIF enough for stepping up to help America’s loggers help themselves. Since all 10,000 logging firms are small businesses that operate independently we are both everybody’s concern and no one’s concern,” he says. “It’s good to have strong financial partners like these two supporting the pioneering work of SLC.”
“As the only timber harvester membership cooperative in the nation, we are very pleased to be working with nationally-recognized organizations like the Endowment and NCIF, to advance our cause,” said SLC Executive Director Todd Martin. SLC now provides more than 23 million gallons of diesel fuel at a substantial savings per gallon to its more than 1500 members. SLC is adding additional benefits and services such as tires and health insurance to help its members thrive under ever-increasingly tough business conditions.
About The Conservation Fund
At The Conservation Fund, we combine a passion for conservation with an entrepreneurial spirit to protect your favorite places before they become just a memory. A hallmark of our work is our deep, unwavering understanding that for conservation solutions to last, they need to make economic sense. Top-ranked, we have protected more than 7 million acres across America.
About the U.S. Endowment for Forestry and Communities
The U.S. Endowment for Forestry and Communities (the Endowment) is a not-for-profit public charity working collaboratively with partners in the public and private sectors to advance systemic, transformative, and sustainable change for the health and vitality of the nation’s working forests and forest-reliant communities.
About Natural Capital Investment Fund
Founded in 2001, Natural Capital Investment Fund (NCIF) provides debt and equity-like financing to small businesses that use natural resources wisely. Headquartered in Shepherdstown, WV, NCIF operates in West Virginia; North Carolina; the Appalachian regions of Virginia, Kentucky, Tennessee, and Ohio; South Carolina; and south Georgia. NCIF is a 501(c)(3) non-profit organization and a wholly owned subsidiary of The Conservation Fund.
About Southern Loggers Cooperative
Southern Loggers Cooperative is an association which provides expertise in negotiation and contract formulation for the membership which is composed of harvesters of timber, haulers of forest products in the natural state, finished products or products for recycling, forest road contractors, silvicultural contractors, forest landowners, farmers, ranchers, horticulturist or viticulturist.
Press Release Contacts
Ann Simonelli | The Conservation Fund | 703-908-5809 | email@example.com
Carlton N. Owen | President & CEO, the Endowment | 864-233-7646 | firstname.lastname@example.org
Rick Larson | Sustainable Logging Initiative, NCIF | 919-951-0113 | email@example.com
Todd Martin | Executive Director, Southern Loggers Cooperative | 318-445-0750 | firstname.lastname@example.org