Associated Hardwoods is a family-owned lumber company specializing in wholesale lumber, specialized lumber, trucking, planed & ripped-to-width, plywood processing, and more. The company utilized the NMTC funding to build and operate a sawmill in Gaffney, S. C., with an economic impact of $14.7 million estimated during the first four years of the project. Construction, which begins immediately, created 93 direct and 23 indirect jobs. Once construction is complete, Associated Hardwoods expects to initially employ 15 full-time workers, expanding to 24 full-time employees in the first three years of operations; all with wages estimated to be 76% higher than the LIC average wage.