Photo by the Economic Development Partnership of North Carolina
LAURINBERG, N.C. - A maker of crane mats, pallets, and crossties will create 31 jobs in North Carolina in an expansion.
Edward Wood Products, which runs three facilities in N.C., will receive tax incentives from Scotland County for adding 31 new jobs and investing $50 million.
"Over the last two years Edwards Wood Products and Scotland County have been implementing incentives given to Edwards by the State of North Carolina," said a news release. Now that Edwards has met the job creation threshold they are eligible for incentives from Scotland County. These incentives will be in the form of tax grants from the County once the company has fulfilled its job creation, investment targets as well as paying its property taxes. "
The company has seen rapid growth as of late. In 2017, it invested $30 million to create the Laurinberg sawmill - adding 46 jobs. The average wage for the new positions was $46,000, significantly higher than the county average of $34,000. Besides crane mats, pallets, and crossties, Edward makes, chips, mulch, bridge mats, pipeline skids, and green and kiln dried lumber.
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