Stewart Tool Company Inc., a California-based prototype to production manufacturer, will invest $9.1 million to establish its first East Coast manufacturing operation in Troy, Virginia. The project is expected to create 22 new jobs.
The company will renovate the former Kloeckner Metals facility in Fluvanna County.
“We were looking for a location close to the East Coast operations of our major customers, and we selected Virginia in part because it was one of the top states for business,” said Amber Stewart, President of Stewart Tool Company. “We are confident that Fluvanna County is the right place for our manufacturing facility.”
The Virginia Economic Development Partnership (VEDP) worked with Fluvanna County and the Central Virginia Partnership for Economic Development to secure the project for the Commonwealth. VEDP will support Stewart Tool Company’s job creation through the Virginia Jobs Investment Program (VJIP), which provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities.
As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for citizens. Virginia Career Works-Piedmont Region is playing a key role in assisting Stewart Tool Company with its recruiting needs.
“We are excited that Stewart Tool Company has selected Fluvanna County for its new East Coast operation, returning a shuttered facility to productive use and creating 22 well-paid jobs,” said Secretary of Commerce and Trade Brian Ball. “It is a priority to support the Commonwealth’s advanced manufacturing industry and the workforce that helps it thrive, and we thank Stewart Tool Company for investing in Virginia.”
Founded in 1972, Stewart Tool Company is a family owned-and-operated business based in Rancho Cordova, California. The company specializes in the design and manufacture of pressure vessels, working to the specifications of government and international customers, in addition to offering quick-turn prototyping, CNC and manual machining, welding and fabrication, engineering and design of parts, and product testing.
“We are fortunate that Stewart Tools chose Fluvanna County for its family-owned business,” said Helen Cauthen, President of the Central Virginia Partnership for Economic Development. “It’s exciting to see growth and investment in the County, and we look forward to seeing the company thrive in our region.”