Uniboard Canada, a laminate flooring company, is purchasing a wood paneling plant in the Chatham County town of Moncure, North Carolina.
Preserving over 140 jobs, Uniboard’s intentions are to refurbish and improve the facility, along with building a second plant. The improvements, which range around $140 million, will generate an estimated 104 new jobs within the next three years.
The County of Chatham, NC, is offering tax refunds of as much as 80% of Uniboard’s property taxes over a five-year period. This tax break is reliant upon the company’s tax credibility, along with reaching the investment and job goals it is claiming. Uniboard was also offered a $250,000 grant from One North Carolina, an economic development corporation, pending local matching funds.
Governor Mike Easley said, “North Carolina is a long time leader in the wood products industry. Every job like this that we can reclaim in the weak national economy is critical, and we are pursuing them aggressively.”
For more information on construction jobs in your area,
click here.