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C-PEG awards $31K grant to wood firm
Firm's plans could create 17 jobs here
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Mike Grogan (center), president and chief financial officer of Southeastern Wood Products, receives a $31,960 grant check from Clay Campbell (left), immediate past president of C-PEG, and April Haynes, executive director of the Martinsville Area Community Foundation. (Contributed photo)

Friday, August 15, 2014

By MICKEY POWELL - Bulletin Staff Writer

Southeastern Wood Products will use a $31,960 grant to centralize its warehouse and manufacturing facilities in North Carolina with an existing Henry County facility, creating up to 17 jobs locally.

The grant is from the Small Business Grant Program of the Chamber’s Partnership for Economic Growth (C-PEG), a Martinsville-Henry County Chamber of Commerce affiliate.

The chamber announced the company’s plans during a board meeting Thursday.

According to chamber President Amanda Witt, C-PEG received $40,000 from an anonymous endowment fund of the Martinsville Area Community Foundation to help fund growth opportunities for local small businesses.

Southeastern’s grant was taken from that contribution, Witt said.

Mike Grogan, Southeastern’s president and chief financial officer, said the company has been “blown away” by support it received from the chamber, C-PEG and the foundation.

“They are definitely working in concert to be a part of growth and success with existing businesses in Martinsville-Henry County,” Grogan said.

April Haynes, executive director of the foundation, said it is “excited to be part of Southeastern Wood Products’ success” as it transfers operations to Henry County, hires new employees and improves its facilities.

C-PEG’s Small Business Grant Program is designed to encourage, facilitate, recognize and reward long-standing businesses in Martinsville-Henry County that do one of the following: Create jobs, expand, improve facades of their businesses or train the current workforce, according to a release.

Grants also are available to help with required payments for things that are deemed essential to the well-being of businesses, the release showed.

C-PEG Immediate Past President Clay Campbell said the partnership is “thrilled to support” Southeastern.

Centralizing the company’s operations locally is “a win-win for the entire community and we are pleased to be a part of initiatives that bring jobs and tax base to our community, which is why C-PEG chose to fund this project,” Campbell said.

 

 
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