- Lorenzo, Mark
National Wildlife Federation/Northeast Natural Resources Center
What would be the impact of Vermont losing entirely its value-added wood products industry? Alternatively, what would the impact be of $1 million in new spending on Vermont-made certified wood products? Greatly increased imports of wood products have subjected local producers to severe price competition, eroding their market share, with mill closures and employee layoffs resulting. Vermont lost the equivalent of 9,550 full-time manufacturing jobs from 2000 -2005. Around 1,200 of these job losses were in furniture and related manufacturers with an estimated direct economic cost of $60 million.