Released on November 16, 2022
Today, the Government of Saskatchewan announced that Pivot Furniture (Pivot) will receive a timber allocation of 101,000 cubic metres.
"The Government of Saskatchewan is committed to promoting a strong and competitive forestry sector," Minister of Energy and Resources Jim Reiter said. "This allocation supports our Growth Plan goal to double the size of the sector by 2030, strengthening our economy, and creating growth that works for everyone."
Pivot is a Saskatchewan-based tech company with furniture design centres in Prince Albert and Saskatoon. This allocation will help create more forestry jobs for the region.
"It is exciting that the Government of Saskatchewan is supporting the circular economy with this timber allocation," Pivot Co-Founder Brendon Sled said. "This is a major signal for climate tech companies to consider investing in Saskatchewan."
Last fall, the province announced timber allocations to support four major forestry projects in the province. Those allocations, along with today's announcement, strengthen the position of the sector as a significant employer in the north and as a contributor to the province's strong economy. Between 2021 and 2024, the sector is expected to spend nearly $1 billion in capital investments and create 3,100 direct and indirect jobs.
More than half of Saskatchewan is covered in forests, with 97 per cent of those on provincial Crown Land. This sustainable resource supports a thriving industry, which is an important economic driver in the province. The forestry sector currently supports nearly 8,000 direct and indirect jobs, is the largest industry in the province's north and supports many Indigenous workers and businesses, with Indigenous people making up 27 per cent of the total forestry workforce.
For more information about Forestry in Saskatchewan visit: Forestry | Agriculture, Natural Resources and Industry | Government of Saskatchewan
For more information, contact:Jay Teneycke
Energy and Resources