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By paNOW staff

Economic growth

Pivot furnished with larger wood supply

Nov 16, 2022 | 3:01 PM

Prince Albert’s Pivot Furniture location has a bigger wood supply thanks to an increase in its timber allocation from the province.

The government announced today that the company will get an allocation of 101,000 cubic meters of timber annually.

“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.”

Pivot has furniture design centres in Prince Albert and Saskatoon and says the new allocation will help create more forestry jobs for the region.

Last fall, the province announced timber allocations to support four major forestry projects in the province, including in Prince Albert, Big River, and Carrot River.

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Along with today’s announcement, the forestry sector is expected to spend about $1 billion in capital investments and create 3,100 jobs.

“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.”

More than half of Saskatchewan is covered in forests, with 97 percent of those on Crown Land.

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.