RICHMOND—Governor Ralph Northam today announced that Ison Furniture Manufacturing, Inc., a North Carolina-based furniture manufacturer, will invest $3.5 million to acquire and renovate the recently closed A.C. Furniture Company, Inc. facility in Pittsylvania County. The company will also purchase new equipment for the assembly and full production of its upholstered furniture products. Virginia successfully competed with North Carolina for the project, which will create 150 new jobs.
RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of an Albemarle County company, PunchOut2Go, into its two-year Virginia Leaders in Export Trade (VALET) program as part of the 32nd class. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy. To participate, each eligible business must meet several quantitative criteria and complete an application process.
RICHMOND—Governor Ralph Northam today announced that SPIG Industry, LLC, a manufacturer of highway guardrails and guardrail end terminals, will invest $7.9 million to expand its operation in the Bristol-Washington Industrial Park in Washington County. The company will build three large production plants and a welding shop, as well as a new rail spur line to serve the facility. SPIG chose Virginia after considering several other states for the project, which will create 113 new jobs.
RICHMOND—Governor Ralph Northam today announced that Klöckner Pentaplast Group (kp), a global leader in recycled content products and high-barrier protective packaging, will invest a total of $68 million to expand its facilities in Louisa County and Wythe County, creating 54 new jobs in the Commonwealth.
RICHMOND—Governor Ralph Northam today announced that Dynamic Aviation, a leading provider of special-mission aviation solutions for government and commercial organizations worldwide, will invest $47.9 million to expand its operation in Rockingham County. The company will establish a new 13,000-square-foot facility for office space and a composite shop, and a 33,000-square-foot hangar to house its legacy aircraft, including the first Air Force One. Virginia successfully competed against multiple states for the project, which will create 207 new jobs.
WillowTree, Albemarle County
RICHMOND—Governor Ralph Northam today announced that Shenandoah Valley Organic (SVO), a family-owned organic chicken company, will establish a second 75,000-square-foot, state-of-the-art facility in the City of Harrisonburg. The new facility will increase production capacity and retail packaging, allowing for more product availability in leading grocery stores across the United States. Virginia successfully competed with West Virginia for the project, which will create 110 new jobs.
RICHMOND—Governor Ralph Northam today announced that Grayson Natural Farms, LLC, a producer of the Landcrafted Food grass-fed, organic meat snacks brand, will invest $1.5 million to expand its smokehouse and production operation in Grayson County. The company will add 35,000 square feet to its manufacturing facility at 226 Industrial Lane in Independence. Virginia successfully competed with South Carolina for the project, which will create 40 new jobs.
RICHMOND—Governor Ralph Northam today announced that International Automotive Components Group (IAC Group), a global supplier of automotive components and systems, will invest $4.6 million to expand its manufacturing operation in the Town of Strasburg and add new auto component lines and products to its existing capabilities at the facility. Virginia successfully competed with Ohio for the project, which will create 47 new jobs.