JP3 (Jackson Corrugated, LLC.)

Organization:
Burke Partnership for Economic Development Inc.
Amount:
$276,000.00
Program Area:
Economic Catalyst
County of Applicant:
Burke
Description:

This grant provides funding to Burke County Economic Development Corporation to purchase manufacturing equipment to lease to Jackson Paper. Jackson Paper, based in Sylva, NC, is a manufacturer of recycled paper. It is expanding its corrugated cardboard manufacturing capacity by opening a plant in Morganton, NC, which is close to many of the customers that the company supplies. The company has recently opened a similar plant in Dalton, GA, and had also considered Georgia and South Carolina for this expansion. The new plant would create 42 new jobs with an average annual wage of $44,857, nearly $10,000 above the Burke County average. The company will locate the new plant in a building that is currently vacant and will invest $11.2 million in the project.

Contact:
Ms. Hope Hopkins 2128 S Sterling St Suite 150 Morganton, North Carolina 28655 (828) 764-9373
Areas Served:
Burke

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