The Government of Ontario is making an historic investment of $60 million in the Forest Biomass Program. Over the next three years, the program aims to make targeted investments in forest sector initiatives to develop the economic potential and environmental benefits of underutilized wood and mill by-products, known as forest biomass. The new Forest Biomass Program funding will support the growth of businesses, strengthen communities and create jobs. The program is part of a broader strategy to create jobs and encourage economic growth in the forestry industry while ensuring forests are managed sustainably for future generations.