This bill establishes the Small Wood Products Manufacturers Fund that is administered by the Finance Authority of Maine. The fund provides matching grants to small wood products businesses to provide technical assistance to foster innovation or develop new markets or new technologies. The grants must be used to reduce risk and permit access to specific technical expertise for product, technology or business development that is not generally available to small wood products businesses. The grants are used to hire outside technical or business expertise with preference given to expertise from a college or university in the State. The grants are matching grants with no one grant to exceed $10,000, no one small wood products business to receive more than $10,000 in any 5-year period and the small business recipient to provide 100% matching funds for any grant received. Costs of the grant are limited to 30% for salaries for the outside experts, 30% to indirect costs and 30% to travel expenses. Grantees report semiannually on the status of their grant to the Finance Authority of Maine.