CT Commercial Paper to invest over $1.5 million in Oakboro, create jobs
Published 9:05 am Tuesday, April 18, 2023
CT Commercial Paper Company, LLC, a full-service tissue and towel converter, announced it will expand its production operation in Stanly County.
Founded in 1999, CT Commercial Paper operates three facilities in Stanly County, and plans to invest more than $1.5 million in machinery and equipment and create eight jobs at its South Main Street location in Oakboro.
“We are honored and excited to work with Stanly County and the Town of Oakboro on this new project,” CT Commercial Paper Company President Kat Palm said. “We are deeply rooted in our community and want to see it grow and prosper. It is a big step for us, and we are looking forward to bringing this additional $1.5 million investment to our community.”
Stanly County and the Town of Oakboro approved tax-based business development grants on April 3 and April 17 to induce the new investment and job creation.
“It is the Board of Commissioners’ intent to use the resources we have at our disposal to continue the economic growth we are experiencing today,” Oakboro Mayor Chris Huneycutt said. “The Town of Oakboro is committed to improving the lives of our citizens by supporting career opportunities for the residents and local community. Through retaining successful businesses, like CT Commercial paper, this keeps our community moving forward for the future. We are excited for what is in store for the Town of Oakboro.”
“We are pleased CT Commercial Paper has chosen to further expand its manufacturing operation in Oakboro. These new jobs and the additional investment will help stimulate our local economy,” added Scott Efird, chairman of the Board of Commissioners. “The Board of Commissioners is committed to creating the conditions businesses need to thrive and prosper, and we are very pleased one of our existing industries continues to find success in Stanly.”
For more about CT Commercial Paper, visit https://ctcpaper.com/.