Magnets USA Expands Operations in Roanoke County, Virginia
06/25/2018
The company has already purchased state-of-the-art equipment to increase capacity, including a digital press, laser engraver, and a customized enterprise resource planning system that will replace all of its current processes. Other additions are slated for this year.
The company’s 70 employees will be retrained to operate the new machinery and systems with support from the Virginia Jobs Investment Program.
“Magnets USA is an impressive entrepreneurial success story for Virginia, and I am pleased to see the company reinvesting in its Roanoke County operation,” said Governor Ralph Northam. “To stay competitive in a 21st-century economy, growing companies must upgrade processes and technologies, and ensure its employees are equipped with the most in-demand skills. We are proud to support Magnets USA, and look forward to many more years of success in the Commonwealth.”
“Magnets USA has been a valuable contributor to the Roanoke region’s economy for over 25 years, and Virginia is proud to partner with the company in its next chapter of growth,” said Secretary of Commerce and Trade Brian Ball. “From its beginning as a one-person operation to 70 employees, Magnets USA is a strong example of what entrepreneurs can accomplish in the Commonwealth.”
“Roanoke County is a beautiful place that provides all the resources required for our business, including a stable and talented workforce, support services, and a business-friendly government,” said Magnets USA Founder Dale Turner. “We love being a part of this vibrant and progressive region where we can make a positive difference and be appreciated as well. We will continue to invest in our equipment, software, and employees to increase our productivity and efficiency so we can continue to compete on a national level.”
“The news of Magnets USA’s continued successes is very exciting for our community,” said Brad Grose, Mayor of the Town of Vinton. “We are fortunate to have quality businesses such as Magnets USA located within the community, and we sincerely appreciate their ongoing investments towards the purchase of new equipment and for the employment opportunities they provide for our area.”
Project Announcements
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
EPC-Columbia Expands Lebanon, Kentucky, Plastic Injection Molding Operations
04/25/2024
Daisy Brand Plans Boone, Iowa, Production Operations
04/22/2024
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 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
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024