{"title":"A Summary of COVID-19 Pandemic Assistance to US Forest Products Companies","authors":"M. Russell","doi":"10.13073/fpj-d-22-00051","DOIUrl":null,"url":null,"abstract":"\n Forest products and timber harvesting businesses were severely affected by the COVID-19 pandemic. This article describes how forest products companies used Paycheck Protection Program (PPP) loans to keep over 487,000 workers in the forest industry on payroll through the pandemic. This article also summarizes the Pandemic Assistance for Timber Harvesters and Haulers (PATHH) program, payments provided to timber harvesting and hauling businesses that experienced losses in revenue in 2020. Timber harvesting and hauling companies that received a PATHH payment reported US$1.27 trillion in total revenue lost between 2019 and 2020 because of the COVID-19 pandemic.","PeriodicalId":12387,"journal":{"name":"Forest Products Journal","volume":" ","pages":""},"PeriodicalIF":1.1000,"publicationDate":"2022-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Forest Products Journal","FirstCategoryId":"97","ListUrlMain":"https://doi.org/10.13073/fpj-d-22-00051","RegionNum":4,"RegionCategory":"农林科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"FORESTRY","Score":null,"Total":0}
引用次数: 4
Abstract
Forest products and timber harvesting businesses were severely affected by the COVID-19 pandemic. This article describes how forest products companies used Paycheck Protection Program (PPP) loans to keep over 487,000 workers in the forest industry on payroll through the pandemic. This article also summarizes the Pandemic Assistance for Timber Harvesters and Haulers (PATHH) program, payments provided to timber harvesting and hauling businesses that experienced losses in revenue in 2020. Timber harvesting and hauling companies that received a PATHH payment reported US$1.27 trillion in total revenue lost between 2019 and 2020 because of the COVID-19 pandemic.
期刊介绍:
Forest Products Journal (FPJ) is the source of information for industry leaders, researchers, teachers, students, and everyone interested in today''s forest products industry.
The Forest Products Journal is well respected for publishing high-quality peer-reviewed technical research findings at the applied or practical level that reflect the current state of wood science and technology. Articles suitable as Technical Notes are brief notes (generally 1,200 words or less) that describe new or improved equipment or techniques; report on findings produced as by-products of major studies; or outline progress to date on long-term projects.