Since the early 1900’s the area has been a forestry based economy, growing to accommodate three major mills in the early 1970’s, more recently downsizing to one major licensee in the area and smaller value added manufacturers. British Columbia is the largest producer of forest products in Canada and the North Thompson has been a significant contributor to the production of conventional lumber.

Forestry and value added wood are still one of the major economic sectors in Clearwater. Through a strong trained labour pool of forestry professionals, technicians, contract loggers, truckers and silviculture workers, forestry continues to support employment in the area.

The number of value-added wood products manufactured in Clearwater and more specifically in Well Gray Country ranges from veneer products, flooring, tongue and groove housing products, wood crafters and more. There are several woodlot licences and the Wells Gray Community Forest within the District boundaries which provide for opportunities to grow value added and green energy components of forestry.