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MegadealsSubsidy Tracker Individual Entry
Company: Weyerhaeuser NR Company
Parent Company:
Weyerhaeuser
Subsidy Source: state
Location: Louisiana
City: Natchitoches
County: Natchitoches
Address: 234 Industrial Drive
Zip: 71457
NAICS Industry Code: 321214
Project Description: Project will initially begin with an upgrade to new modern process control system on an existing press. Later, the project will include an upgrade of end-of-life wood products laminated veneer lumber (LVL) press to maintain current manufacturing operations supplying Microllam LVL and TJI floor joists to the US housing market. LVL Press upgrade will include an upgrade to new modern process control systems, a replication of initial process control upgrade. A second LVL press upgrade and process controls upgrade is planned after completion of the first. Workforce to increase by 15 net new employees by end of 2022.
Year: 2022
Major Industry of Parent: building materials
Specific Industry of Parent: forest products
Subsidy Value: $542,361
Program Name: Quality Jobs Program
Awarding Agency: Louisiana Economic Development
Type of Subsidy: tax credit
Number of Jobs or Training Slots: 1,056
Wage Data: $63,911,558.00
Wage Data Type: Estimated Total Payroll
Capital Investment: $16,064,000
Source of Data:
(click here)
Notes: Year is application board approval date. Subsidy is the sum of Estimated 10 Year Payroll Credit and Estimated 10 Year S&U or Investment Tax Credit. Jobs is the sum of estimated 10 year new jobs, existing jobs, and estimated construction jobs, which equals the estimated total jobs. Wage data is the sum of estimated 10 year payroll, existing payroll, and estimated construction payroll, which equals the estimated total payroll. Investment data is the sum of Estimated Building And Material, Estimated Machinery And Equipment, and Estimated Labor And Engineering which equals the Total Estimated Investment.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.