New Bangor Factory Producing Tissue Products Will Receive $250k Loan From City

The Bangor City Council has agreed to provide $250,000 in loans to Soft Touch Tissue & Paper, a new manufacturing business that’s opening on outer Hammond Street with the goal of producing toilet paper, tissues and other finished paper products. The city is awarding the loans from a set of grant funds that it receives every year through a federal program that’s meant to drive housing rehabilitation, job creation and other investments in community development. Under federal guidelines, the city can forgive some or all of the loan to Soft Touch Tissue & Paper if the business shows that it has created 25 new full-time jobs over the next three years, with at least 13 positions filled by people from low- or moderate-income backgrounds. [New Bangor factory to produce tissues and toilet paper for a market ‘that is actually thriving’] The owner of Soft Touch Tissue & Paper, Marc Cooper, has said that the new business will initially employ between four and eight workers but eventually create 40 jobs in Bangor over the next 18 months.