Paper Mill Incentives Lost Due To Budget Cuts

North Carolina legislators spent two days preparing to give a Canadian paper company up to $10 million before hitting the brakes.

The House twice voted by narrow margins late Thursday to reject
a proposal to give Montreal-based Domtar Corp. up to $2 million a
year for five years. The Senate approved the spending on Wednesday,
the same day lawmakers approved a budget that included a $1 billion
tax increase and service cuts worth billions more.

The company planned to use the money to help it finance a
production switch and retain hundreds of jobs in one of the state's
poorest regions.

Domtar plans to stop making white office paper at its mill near
Plymouth, but sees a market opportunity to turn loblolly pine trees
into the absorbent fluff used in diapers.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 52634782 -
Gray Television, Inc.