Mountain Top Timber Products LLC announces expansion in Scott County
- July 6, 2018
Wise County-based Mountain Top Timber Products LLC is investing $3.76 million in an abandoned industrial building in Dungannon. The Scott County project, announced Friday, is expected to create 50 jobs.
The company plans to expand its wood-chipping operations while adding a 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.”
As part of the deal, the company has committed to purchasing more than $14 million of Virginia-grown timber. Mountain Top Timber Products is receiving $260,000 from the Governor’s Agriculture and Forestry Industries Development (AFID) Fund, which Scott County will match with local funds.
The Virginia Coalfield Economic Development Authority (VCEDA) also approved a $1 million loan to the Scott County Economic Development Authority to help with the project. Additionally, the Virginia Tobacco Region Revitalization Commission provided $125,000 award from the Tobacco Region Opportunity Fund and a $125,000 loan. The project may be eligible for funding through the Virginia Jobs Investment Program, which provides funding and services to support the company’s employee training.