Beadles & Balfour

Moultrie,
GA
(2017)

Beadles & Balfour

Business Development, Manufacturing, Rural

MuniStrategies invested $11.8M in a Moultrie, GA sawmill upgrade and reconfiguration, as part of an overall $28.4M expansion.

Investment

NMTC Amount: $11,800,000
Total Project Cost: $23,214,715

IMPACT

100 FTE jobs

CDEs

MuniStrategies

Investor

Unknown

Project Description

Since 1990 (and the compounded effects of the global financial crisis), the Southern United States’ wood supply chain has lost 30% of its sawmills and nearly 20% of its pulp mills. With mill capacity shrinking, rural communities that depend on mill demand for labor and other production inputs have suffered dramatically. In the wake of this negative environment, MuniStrategies invested $11.8MM in this Moultrie, GA sawmill upgrade and reconfiguration, as part of an overall $28.4MM expansion. The NMTC financing provided the funds to fully the realize the capabilities of the reconfiguration and upgrades of the sawmill, drying and finishing processes. This investment was critical in strengthening the long-term viability of this 70-year-old mill by increasing production capacity and significantly reducing costs to better weather various market cycles associated with the commodity lumber market.

MAP

Address: 900 6th St NE, Moultrie, GA 31768

Census Tract: 13071970400

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