MONROE — Hamilton Drywall Products, a manufacturer of drywall finishing products, will create 34 new jobs in Union County, Governor Roy Cooper has announced. The company will invest $5 million to locate a regional headquarters and production facility in Monroe, according to the report.

“Even during a pandemic, another manufacturer is choosing to expand their operations in North Carolina,” Cooper said in a statement. “Companies like Hamilton Drywall are confident in our workforce and our ability to manage the crisis, making our state a great partner for businesses that are growing.”

Hamilton Drywall Products manufactures a varied collection of compounds, textures, and metal trims that are distributed through dealers and national retailers. From installation to finish, professional contractors and DIYers choose the company’s innovative formulas and products to meet the needs of their interior finishing projects. Hamilton Drywall Products will expand to a 98,000-square-foot manufacturing facility which will serve the company’s customer base in the eastern United States, according to the report.

“We look forward to establishing a permanent base of operations in North Carolina and having a positive impact on the Monroe community,” said Mark Hamilton, General Manager of Hamilton Drywall Products, in the statement. “We are thankful for the state and local support for this project and are excited to invest not only in future growth, but also in the people of Union County.”

Salaries for the operations and management staff will vary, but the average annual salary for all new positions could reach up to $45,059, according to the report, creating a payroll impact of more than $1.5 million per year. Union County’s overall average annual wage is $44,989.

A performance-based grant of $50,000 from the One North Carolina Fund will help facilitate Hamilton Drywall Product’s relocation. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require a matching grant from local governments and any award is contingent upon that condition being met.