Sweden-Based Starsprings To Establish Manufacturing Center In Henry County, Virginia
The company will supply mattress units used in long-distance trucking. The plant is expected to create 68 jobs in the region. Starsprings, headquartered in Herrljunga, Sweden, is the leading manufacturer in Scandinavia of spring units for excellent bed and seat comfort, with operations in Sweden, Brazil, and Poland.
“Some current Starsprings customers have operations in the eastern U.S., and for that reason we see good potential in being present to maintain a high service level and continue to grow in the global marketplace,” said NilsEric Stjerna, CEO of Starsprings. “Starsprings chose Virginia to establish the new operation because the strategic position will keep us close to our major customers, and we have received excellent support from Virginia Economic Development Partnership and the Martinsville-Henry County Economic Development Corporation during the entire evaluation period.”
Virginia Economic Development Partnership worked with the Martinsville-Henry County Economic Development Corporation to secure the project for Virginia. Governor McAuliffe approved a $100,000 grant from the Governor’s Opportunity Fund to assist Henry County with the project. The Virginia Tobacco Region Revitalization Commission approved $220,000 in Tobacco Region Opportunity Funds.
The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Starsprings will also receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
Governor Terry McAuliffe said, “This win is a great example of the kind of project we are trying to attract as we build a new Virginia economy. When an international company chooses Virginia as its entry point into the U.S. market, it is a strong testament to the competitiveness that sets the Commonwealth apart and the major companies here that attract suppliers. We are proud to add Starsprings to our corporate roster, and welcome 68 new, much-needed manufacturing jobs to Henry County.”
“Starsprings is another international manufacturing business that has decided to establish operations in Virginia as a result of its assessment of our outstanding talent, infrastructure and great quality of life,” said Secretary of Commerce and Trade Maurice Jones. “We continue to attract companies from all over the globe, and the creation of new jobs in the manufacturing sector is great news for Henry County, the region and the Commonwealth as a whole.”
“Starsprings made a strategic decision to establish is first U.S. manufacturing operation in Virginia, and The Port of Virginia, among other factors, played a role in the final determination,” said John F. Reinhart, CEO/Executive Director of the Virginia Port Authority. “Companies want to be near a logistics hub, they want available, skilled labor and want to be in a positive business environment. It is these kinds of investments that are helping to drive the New Virginia Economy.”
In Focus: “Golden Age” of Spec Development
Explosive Growth of Life Sciences Sector Comes with Challenges
Area Development’s 17th Annual Shovel Awards Recognize State and Local Economic Development Efforts — First Two Platinum Shovels Awarded
The 2021 Top States for Doing Business Reflect Their Locational Advantages
In Focus: Demand for Industrial Land Surges
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
The Evolution of the Megasite