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Forestry Products Company Announces $3.76 Million Investment
July 19, 2018

According to an announcement from Governor Ralph Northam, Wise County-based Mountain Top Timber Products, LLC will invest $3.76 million in a long-abandoned industrial building located in the Town of Dungannon. The Scott County project will expand the company’s wood chipping operations and add a new sawmill and dry kiln capacity.

“Mountain Top Timber Products is a locally grown company, and we are excited about the opportunity to revive the facility in the Dungannon area,” Neal Stidham, managing member, Mountain Top Timber Products LLC, said in a statement. “These will be good forestry related jobs for this area.”

“My administration is committed to partnering with our local governments and economic development allies to leverage local resources and bring prosperity to all corners of the Commonwealth,” said Governor Northam. “That’s why this announcement is not only a great win for the forestry industry and for Scott County, but for all Virginia as we continue to create opportunities for all Virginians.”

Governor Northam approved a $260,000 grant from the Governor’s Agriculture and Forestry Industries Development (AFID) Fund, which Scott County will match with local funds, to assist the project. The Virginia Department of Agriculture and Consumer Services, which administers the AFID Fund, worked with Scott County and the Virginia Coalfield Economic Development Authority (VCEDA) to secure the project for Virginia. The VCEDA Board of Directors approved a $1 million loan to the Scott County Economic Development Authority to help with the project. As part of the deal, Mountain Top Timber Products has committed to purchase over $14 million of Virginia-grown timber from area loggers and forestland owners.

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