Associated Hardwoods

Gaffney,
SC
(2014)

Associated Hardwoods

Business Development, Manufacturing, Rural

Associated Hardwoods is a family-owned lumber company specializing in wholesale lumber, specialized lumber, trucking, planed and ripped-to-width, plywood processing, and more.

Investment

NMTC Amount: $8,319,493
Total Project Cost: $8,509,643

IMPACT

24 FTE jobs
93 construction jobs

CDEs

CEI Capital Management

Investor

Wells Fargo

Project Description

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.

MAP

Address: 470 Gaffney Ferry Road, Gaffney, SC 29340

Census Tract: 45021970302

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