Headquartered in Charlotte, Oak Valley Hardwoods is a subsidiary of Tides and Times Group USA, Inc., and operates lumber, saw mill and dry kiln facilities and produces an assortment of wood products.
Oak Valley Hardwoods to invest $10.1 million in 5 years to expand operations into Graham County
Nov 10, 2014. /Lesprom Network/. Oak Valley Hardwoods, Inc. is planning to invest more than $10.1 million
during the next five years to expand operations into Graham County and
create 114 new jobs in Robbinsville (NC), Governor
Pat McCrory, N.C. Commerce Secretary Sharon Decker and the Economic
Development Partnership of N.C. announced.
Headquartered in Charlotte, Oak Valley Hardwoods is a subsidiary of
Tides and Times Group USA, Inc., and operates lumber, saw mill and dry
kiln facilities and produces an assortment of wood products. It already
has operations in locations across North Carolina including Rutherford,
Haywood, Caldwell, McDowell and Polk counties employing more than 160
workers.
“We are excited about the opportunity to expand our operations into
Graham County,” said Oak Valley Hardwoods CEO Jimmy Lee. “It has been a
pleasure working with the Town of Robbinsville, Graham County, and the
State of North Carolina, and we appreciate the support we have received.
We plan on moving into the old Stanley Furniture Building quickly and
look forward to a successful 2015.”
“Oak Valley Hardwoods is another one of North Carolina’s great homegrown success stories,” said Governor Pat McCrory.
“Starting out 10 years ago, this business has steadily grown into one
of the country’s major lumber suppliers to overseas markets.”
“Timber is one of North Carolina’s great renewable resources, so the
expansion of Oak Valley Hardwoods is important to that industry,”
Commerce Secretary Sharon Decker said. “I am looking forward to seeing
even more expansion in the timber sector in the future.”
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $156,000. The One NC Fund provides financial assistance,
through local governments, to attract business projects that will
stimulate economic activity and create new jobs in the state. Companies
receive no money up front and must meet job creation and investment
performance standards to qualify for grant funds. These grants also
require and are contingent upon local matches.
In addition to the N.C. Department of Commerce and the Economic
Development Partnership of N.C., other partners that helped with this
project include: North Carolina Community College System, Tri-County
Community College, Duke Energy, Town of Robbinsville, Graham County, and
Graham County Economic Development.