City of Monroe Presents Incentive Payment to Hamilton Drywall Products
The City of Monroe presented an economic development incentive payment of $23,000 to Hamilton Drywall Products on August 4, 2025, in recognition of the company’s continued investment and expansion in Monroe.
Hamilton Drywall Products reported more than $1.5 million in new taxable investments during 2024 as part of its commitment under the City’s economic development incentive grant program.
City leaders joining the presentation included Mayor Robert Burns, Council Member James Kerr, Council Member Franco McGee, City Manager Mark Watson, Assistant City Managers Lisa Hollowell and Jeffrey Wells, and Strategic Projects Manager Teresa Campo. Representing Hamilton Drywall Products was General Manager Nathan Hamilton and Controller Iris Chasteen.
"Hamilton Drywall relocated its regional headquarters to Monroe during the pandemic, and in just five years, they’ve already seen great success, with even more on the horizon," said City Manager Watson. "Their continued investment strengthens our tax base, creates local jobs, and supports long-term economic stability for our community."
Hamilton Drywall Products, headquartered in Monroe, produces drywall finishing and building materials that serve the construction industry across the Southeast. The company has been a part of Monroe’s manufacturing community for years and continues to expand its footprint through ongoing capital investments.
“When companies like Hamilton Drywall choose to grow here, it demonstrates confidence in Monroe’s workforce, infrastructure, and community support. We are proud to celebrate their success," said Mayor Burns.
Under the performance-based agreement approved by the Monroe City Council, Hamilton Drywall Products is required to invest at least $2 million in annual investments in machinery, equipment, and facilities. In return, the City agreed to pay $115,000 over five years starting in 2022. The company has consistently surpassed those requirements with more than $11 million in qualifying investments in 2024 alone.
"Hamilton Drywall's expansion is exactly why we invest in economic incentives. Expansion creates jobs, recycles local dollars back into our community, and strengthens Monroe's tax base. It opens doors to upward mobility for our residents and helps build a stronger future for our City," said Council Member McGee.
"Thank you Hamilton Drywall for your contribution to our City. You're a great partner in economic stability. We recognize your growth and commitment to our City," said Mayor Pro Tem Surluta Anthony.
“It’s impressive to see the work being done at Hamilton Drywall. An innovative team of managers are bringing modern technology to fast track much needed wall surfaces for the residential and commercial construction industry. The City of Monroe is proud to be a part of their success," said Council Member Kerr.
