Noted: Steven Deller, a University of Wisconsin-Madison economist and part of a group that studied the impact of Verso’s closure in Wisconsin Rapids, said he thinks the paper industry in Wisconsin is declining for reasons similar to what happened in Maine, where he worked at a university before coming to Wisconsin.
The problem in both states, he said, is that many of the plants are old and companies are finding it doesn’t make sense to invest in aging facilities. Instead, they are building new, often in the south to reduce transportation costs by being closer to timber producers in warmer places where trees grow faster.