City of Monroe Presents Incentive Payment to Bona

The City of Monroe presented an economic development incentive check to Bona on July 7, 2025, at the company’s Monroe facility.

Mayor Robert Burns, Council Member Franco McGee, City Manager Mark Watson, Assistant City Manager Lisa Hollowell, Assistant City Manager Jeff Wells, and Strategic Projects Manager Teresa Campo met with Vice President of Distribution for North America Kevin Fifield, Accounting Manager Michael Winters, and Warehouse Operations Director Clay Jackson to present the incentive check and tour the plant.

“Bona is another great company in Monroe’s Corporate Center. The technology used in their fulfillment of orders is impressive, and Monroe is pleased to have this company employing City residents,“ said Manager Watson.

Bona creates products for installing, renovating, and maintaining premium hardwood and other flooring. Bona operates five factories globally. The Monroe facility is a fulfillment plant for products shipped nationally and internationally that employs 88 people.

Under its economic development agreement with the City, Bona has agreed to invest at least $2 million in new taxable building improvements, machinery, and equipment over five years beginning in 2021. Bona has fulfilled their incentive requirements.

“Bona is an example of how offering incentives encourages investments. Bona has invested millions in its plant, and we look forward to working with them in continued growth,” said Mayor Burns.

"Thank you to Bona for their investment and for fulfilling the investment requirement. We're elated to have them as a part of our City," said Mayor Pro Tem Surluta Anthony.

"It’s a tremendous point of pride to have Bona, a nationally respected brand trusted by families from coast to coast, operating right here in the heart of Monroe. Knowing that their high-quality products are distributed globally from our community speaks volumes about Monroe’s growing role in supporting innovation, sustainability, and economic opportunity. As a Council Member, I’m excited about what this means for our City’s future for more jobs, more visibility, and a stronger foundation for Monroe to lead on a national stage," said Council Member McGee.

“Bona’s investment in Monroe underscores the current and future success of economic development in our City," said Council Member Julie Thompson.

Bona's current agreement will expire in 2026.