S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

The Lumber Manufactory Opens $15 Million Sawmill in New Albany

A $15 million corporate investment has landed in New Albany, Mississippi, as The Lumber Manufactory officially launches its latest sawmill operation. The facility, now fully functional, aims to tap into the state’s extensive pine timber resources while simultaneously creating more than 50 new jobs for the local workforce.

The Lumber Manufactory Opens $15 Million Sawmill in New Albany
Photo: Bio & News

The project represents a strategic move for the company, which was founded in 2023 by former executives from Anduril, Blue Origin, and Nvidia. By establishing this mill, the firm seeks to address the national gap between timber surplus and domestic lumber manufacturing capacity. Beyond the immediate employment boost, the facility opens a new commercial channel for private landowners to sell their timber within Union County.

Support for the venture arrived through a combination of state and local public partnerships. The Mississippi Development Authority provided assistance via the MFLEX tax incentive program, while AccelerateMS and Union County officials facilitated the integration into the Glenfield Industrial Park. CEO Michael Grasso cited the collaborative environment and available natural resources as primary drivers for selecting Mississippi as the site for the company's first mill.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!