TALLADEGA, Ala. (WIAT) — Monday night, the Talladega City Council approved a $5.2 million tax abatement for Georgia Pacific, to bring a lumber production facility to the city.
The company said the mill will cost $100 million to build and employ more than 100 people.
“It’s a major investment,” said Talladega’s City Manager, Patrick Bryant. “So we’re happy to give that incentive in order to get Georgia Pacific as a partner in our community.”
Bryant said the average salary at the mill will be roughly $50,000, plus benefits.
“(The jobs will) give a real economic boost to this community. A boost that this community could use to reignite industrial development and further diversify its own economy,” Bryant said.
Georgia Pacific used to operate a plywood facility in Talladega, which closed during the economic downturn in 2008. The facility still stands.
Bryant said the company will return to the original site, but it will build a new facility on top of it.
According to Bryant, the new facility should be up and running by September of 2018.