Wednesday, October 14, 2015

Commission Approved Initiative Brings 350 Jobs to Winston County

Press release: Northern District Commission Brandon Presley met Winston Plywood CEO and Atmos Energy representatives in Louisville to highlight how Commission policies have brought industry and jobs to the tornado-ravaged Winston County community. 

In April 2014, the town was devastated by the storm that destroyed around 200 homes and has left the county with an unemployment rate of 9.5%. By utilizing a Commission-created gas expansion fund, Atmos was able to invest $487,000 to build the gas infrastructure in Louisville necessary to attract Winston Plywood, a plywood manufacturer that will create 350 new jobs.

“Winston Plywood’s decision to locate in Louisville can be directly tied to our innovative approach to paying for new gas infrastructure for economic development. As I have said many times, the additional funding ordered by the Commission is a major piece of my 82 county jobs program where no Mississippi county, no matter where it is, is left behind,” Presley said.

Atmos’ investment was enabled by the Commission-approved “Supplemental Growth” fund. The fund, which is the only one of its kind in the United States, was suggested by Presley and approved in 2013. The Supplemental Growth fund provides for an additional $5 Million in Atmos investments in infrastructure projects that foster job creation and spur economic development in Mississippi.

The Winston Plywood plant includes a 285,000-square-foot facility on a 50-acre site. In total, $137 Million will be invested in the project, which is set to open in March, 2016.