Simmons Equipment Company Plans Russell County, Virginia, Operations
07/08/2024
The new production facility will allow the company to meet increasing international demand for its soft rock machinery.
“We are thrilled to be expanding our operations into Russell County,” said Simmons Equipment Company President and CEO Matt Simmons. “Our business has been growing into new markets worldwide, and this additional manufacturing capacity will allow us to aggressively pursue those opportunities. After an extensive search, we are excited to continue our growth here in Southwest Virginia. We were highly impressed with the efforts of the Russell County Industrial Development Authority, the Virginia Coalfield Economic Development Authority, and the Commonwealth of Virginia to support us in this exciting endeavor. We look forward to being part of the growing business community in Russell County.”
Governor Youngkin approved a $270,000 grant from the Commonwealth’s Opportunity Fund to assist Russell County with this project. The company is also eligible to receive state benefits from the Major Business Facility Job Tax Credit for new, full-time jobs created. Support for Simmons Equipment Company’s job creation will be provided through the Virginia Talent Accelerator Program.
“We are proud that Simmons Equipment Company has decided to expand in Russell County and are excited that Virginia’s thriving manufacturing sector and selection of manufacturing ready sites continue to attract companies like Simmons and complement our strong business climate and unparalleled location,” noted Secretary of Commerce and Trade Caren Merrick.
The Virginia Economic Development Partnership (VEDP) worked with Russell County and the Virginia Coalfield Economic Development Authority to secure the project.
“VCEDA has been pleased to assist Simmons to grow and expand in the past, and on the current project, VCEDA has approved a $187,500 workforce development and training grant to the company as well as a $500,000 loan to the Industrial Development Authority of Russell County for facility improvements,” added Virginia Coalfield Economic Development Authority Executive Director Jonathan Belcher. “It is always exciting to see great existing companies like Simmons grow and add jobs in the region and that is one of our primary targets for enhancing the regional economy.”
Simmons Equipment Company is a mining equipment manufacturer. The company develops safer, more productive machines for today's miner.
“Russell County Industrial Development Authority is pleased that Simmons Equipment Company chose Russell County to expand their growing business,” said Russell County Industrial Development Authority Executive Director Ernest McFaddin. “It has been a pleasure to work with this company as they have made Russell County home. They have a clear vision of integrating their company into the community and economic landscape of Russell County. We are looking forward to our work with them as they continue to grow and expand their operations.”
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