Invest in Paltamo project

Invest in Paltamo project

Financing: Funding granted by the European Regional Development Fund (ERDF) and the State of Finland EUR 105,000; funding granted by the municipality of Paltamo EUR 45,000.
Period of activity: 1 May 2021–31 March 2023
Budget for the entire period of activity: EUR 150,000
Share of the municipality of Paltamo: EUR 45,000
Project Manager: Esa Järvenoja

The business environment in Paltamo is facing major changes as a result of the envisaged bioproduct mill. The population of the municipality is expected to increase significantly during the mill’s construction stage and dozens – even hundreds – of companies are seeking to benefit from the project. The purpose of the Invest in Paltamo project is to promote the implementation of local, regional, national and international companies’ investments in Paltamo.

The project’s main objective is to enable investments and help companies grow and become more international. The realisation of the bioproduct mill project would make Paltamo and the entire region of Kainuu more attractive to new investors. New investments create new jobs and business opportunities. The Invest in Paltamo project supports the development of the business environment in the small municipality in order to maximise the number of realised investments.

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