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CleanFiber secures $20M in federal funds to help expand nationally


Published on 2024-12-05 06:32:25 - Tim Hastings, N@N
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  • These grants are part of more than $75 million in financing vehicles, grants, and tax credits the Buffalo-headquartered startup has secured in 2024.

The article from The Buffalo News discusses CleanFiber, a startup based in Buffalo, New York, which has secured $5.5 million in federal grants to expand its operations. CleanFiber produces insulation from recycled cardboard, aiming to reduce landfill waste and provide a sustainable alternative to traditional insulation materials. The funding, part of the CHIPS and Science Act, will help the company scale up its production, create jobs, and further develop its technology. The initiative not only supports environmental sustainability but also contributes to the local economy by fostering innovation and employment in the region.

Read the Full Buffalo News Article at:
[ https://buffalonews.com/news/local/business/buffalo-next-clean-fiber-federal-funds-grants/article_50fe2550-b283-11ef-b5ca-7b55c0a1f04f.html ]