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

Rehabilitation of four historic buildings into a market-rate apartment community consisting of 55 rental apartment units, 12,906 square feet of ground floor commercial space, and 43 adjacent parking spaces.
Construction of a new, state-of-the-art heavy truck dealership which will offer sales and support for new, used, rental and leased heavy-duty trucks and equipment.

PB Community Impact Fund provided $8,000,000 of federal New Market Tax Credit allocation to Forrest County General Hospital to finance the construction of the Pinegrove Behavioral Health Center (Pine Grove).

Netterville’s mill was damaged extensively by fire and was seeking capital to restore capacity and rebuild more efficiently, reducing energy usage by 45%.