Rex Lumber is coming to Pike County and is bringing with it a guaranteed investment of over $100 million into the local economy and the provision of at least 110 jobs.
The county commission reconvened Wednesday to approve entry into a project agreement with the company, offering $750,000 in incentives including the purchase of a 214-acre property and reimbursement for site preparation.
“It was a no-brainer,” said Robin Sullivan, commission chairman. “The first thing that stuck out in my mind was the immediate impact of the amount they’re willing to spend to build this place.When someone says they want to invest $110 million into our community, I get excited pretty fast. I asked the commission for whatever it took to get this company to come here, let’s do it because we knew how great the economic impact would be for our area.