Winston Plywood

After an EF-4 tornado devastated a town, killing 10 people and destroying over 1,000 structures including a 265,000 sq. ft. mill, the NMTC brought jobs and hope back to the city.

Investment

  • NMTC Amount: $12,000,000
  • Total Project Cost: $12,600,000

IMPACT

  • 400 FTE jobs

Investor

Project Description

In 2009, Georgia Pacific operated a large plywood lumber mill in Louisville Mississippi.  At the time, it was the largest employer in Louisville, located in east central Mississippi.  Louisville was, according to the mayor, a “plywood town”.

When the mill was shuttered in response to the Great Recession, all of the 400 remaining jobs were lost in the town of just over 6,600 people.

In early 2014, Winston Plywood & Veneer made a commitment to the City of Louisville to restart the mill on a limited scale, but on April 18, 2014, an EF-4 devastated the town, killing 10 people and destroying over 1,000 structures including the 265,000 sq. ft. mill.  The town was subsequently declared a Federal Disaster Area by FEMA.

Winston Plywood and the City of Louisville led by Mayor Hill, with the help of FEMA, MS Development Authority, Appalachian Regional Commission and many other local stakeholders, have realized a dramatic rebirth of this business with a brand new state-of-the-art facility that employs 400 local residents. In October 2015, Novogradac and Company selected Winston Plywood & Veneer its Operating Business QLICI of the Year.

MAP

Address: 1160 S Church Ave, Louisville, MS 39339

Census Tract: 28159950400

Other Mississippi Projects

NMTCs financed the expansion of a soybean processing facility, which includes additional equipment purchases and operating cash to support grain procurement.
The Habitat Homes Project provided support to Habitat for Humanity affiliates located in Metro Jackson and in the Mississippi Gulf Coast areas of Mississippi.
NMTC and NuFarm bring quality manufacturing jobs to Greenville, Mississippi
The acquisition and construction of a mixed-use facility directly across the street from a newly-built Jackson State University Student Union.