Laminate Technologies To Invest $2 million In Henry County, Virginia Plant
02/29/2012
"After a careful evaluation of various sites in North Carolina and Virginia, and numerous visits to both regions, it became clear that Virginia was the clear choice," said Fred Zoeller, President and CEO of Laminate Technologies. The people in the Economic Development Department and the overall attitude from those whom we visited in state government were all great and very helpful. The choice was overwhelming that Martinsville and Henry County and the Commonwealth of Virginia would be the home for our fourth operation, he added.
The Virginia Economic Development Partnership worked with the Martinsville-Henry County Economic Development Corporation to secure the project for Virginia. Governor Bob McDonnell approved a $50,000 grant from the Governor's Opportunity Fund to assist Henry County with the project. The Virginia Tobacco Indemnification and Community Revitalization Commission approved $110,000 in Tobacco Region Opportunity Funds for the project. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance will provide funding and services to support the Company's recruitment and training activities.
Governor McDonnell said, "this project is a great example of established companies attracting potential suppliers and building on an industry. With its first Virginia operation Laminate Technologies will supply regional cabinet manufacturers, adding to the already impressive wood products cluster in the Martinsville and Henry County area. The region continues to rebound economically."
Jim Cheng, Virginia Secretary of Commerce and Trade, said "Henry County was the right choice for the company, as it provides a strategic, convenient location and offers an available facility that meets the company's needs. I have every confidence that the region will be a great fit, and look forward to the company thriving in the Commonwealth."
Project Announcements
Geartek Expands Corinth, Mississippi, Production Operations
05/03/2024
Bekaert Expands Van Buren, Arkansas, Production Operations
05/03/2024
ESS Technologies Expands Montgomery County, Virginia, Operations
05/02/2024
Martin’s Famous Potato Rolls and Bread Expands Franklin County, Pennsylvania, Operations
05/02/2024
StandardAero Expands Augusta, Georgia, Operations
05/02/2024
Nextracker-JM Steel Expand Leetsdale, Pennsylvania, Operations
05/01/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024