A manufacturer of upholstered furniture plans to establish an operation in the City of Galax, creating 335 new jobs.
Albany Industries Inc. of New Albany, Miss, will spend $2.5 million to open its operation in the former B.C. Vaughan manufacturing facility, which closed the facility in 2008.
Galax has suffered high unemployment in the weak economy. The city’s jobless rate was 9.5 percent in August.
“Galax is an ideal location for us to serve our Northeast markets,” Richie McLarty, president of Albany Industries, said in a statement. “This is a pro-business community with a work force that’s a perfect match for our needs. “
Gov. Bob McDonnell approved a $300,000 grant from the Governor’s Opportunity Fund to assist Galax with the project, and the Virginia Tobacco Indemnification and Community Revitalization Commission provided $680,000.
“This project brings 335 new jobs to a city of 7,000 people in a region that has been hard hit by this tough economy,” McDonnell said in a statement.
There are no comments for this entry