SPINDALE — The Rutherford County Commissioners and the Town of Spindale Commissioners held a joint public hearing on offering economic incentives to Cardinal Tissue LLC to locate in Spindale. While the created job requirement for the incentives is only 12 jobs at salaries of approximately $5o,000 annually, principle Vince Reese stated that:
“We expect to have between 40-60 employees once we are built out. I prefer to take a conservative approach.”
Reese, former plant manager of Clearwater Paper in Cleveland County, also stated that he wanted to establish the company as “part of the community.” Cardinal Tissue will be manufacturing to support larger tissue companies. Reese stated that the former Diamondback building happened to meet both the power requirements and ceiling heights required for his operation.
EDC director Tom Johnson explained the property tax rebate incentive with several options after each level is completed. For example, in the first 36 months, Cardinal Tissue must create 12 full-time jobs at the $50,000 salaries. There is an additional property tax incentive if Cardinal Tissue decides to purchase the Diamondback Tactical building and a possible extension for an additional five years provided he meets the job and investment criteria.
“We are excited that Cardinal Paper selected Spindale to launch their operations. Every job and every dollar invested in our community provides greater opportunity for those who live and work here; Cardinal’s investment will do exactly that,” said Spindale Town Manager Scott Webber.