Project Details

Project Overview

  • Manufacturer of plywood materials
  • Location

  • Louisville, MS
  • Project Type

  • Operating Business - Rural
  • Job Creation

  • 400 new full time jobs
  • 1000 indirect jobs
  • 100 construction jobs
  • Winston Plywood


    The Story

    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 square foot 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 will employ 400 local residents.

    In October 2015, Novogradac and Company selected Winston Plywood & Veneer its Operating Business QLICI of the Year.

     

    The Financing

    • Total Project Cost: $12.6 million
    • MuniStrategies Allocation: $12.0 million
    • Total State (MS) NMTC allocation: $9.7 million

     

    The Impacts

    • Economic: The total local economic impact of this mill is in excess of $60,000,000 per year, and the impact will touch approximately 33 counties which is approximately 41% of the state. At scale, the facility will consume about 700,000 tons of logs annually, which will all be sourced from landowners within a 100-mile radius. These are new economic inputs and will have substantial impact on local logging crews, log truck drivers, the companies that service them and landowners that will now have higher demand for timber products.
    • Jobs: 400 new quality jobs will be created with an annual payroll over $20,000,000.  In addition, over 1,000 indirect jobs will be created largely in transportation and timber harvesting according to a study from Mississippi State University Stennis Institute.
    • Community: In a community with 6,600 people, opening a brand new state-of-the-art mill on the site that was shuttered in 2009 and was wiped out by the 2014 EF-4 tornado will have an enormous impact. Overnight, Winston Plywood is becoming the second largest employer in Louisville.
    • Workforce Development: Winston Plywood is working with East Central Community College and the local WIN Jobs Center to help source and train production candidates, including many residents of the area low income communities. Job prospects take a 32 hour custom-designed course for this type of business called “General Manufacturing” and become certificated and ready to work.

     

    In the News

    WTVA – New Winston Plywood & Veneer plant opens following 2014 tornado

    WCBI – Winston Plywood & Veneer Ribbon Cutting

    CLARION LEDGER – Plywood maker rebuilding, expanding in Louisville

    Winston Plywood and Veneer mill ships first major orders

    NOVOGRADAC – Winston Plywood was 2015 Operating Business QLICI of the Year Award Recipient

    Local school district partners with Winston Plywood for hands-on learning opportunities

    Small town parade moves machinery between two large companies

    Winston Plywood mentioned in Mississippi’s 2016 Silver Shovel Award

    Winston Plywood and Veneer wins 2016 Corporate Investment and Community Impact Award

    Winston Plywood on track for April 2016 start

    Winston Plywood groundbreaking coverage

    WCBI coverage of Winston Plywood groundbreaking

    Video: Winston County Shows Signs of Progress

     

     

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