Manufacturing company investing $4 million, creating 83 news jobs in Giles Co.
GILES Co., Va. (WSET) - Governor Terry McAuliffe announced new jobs as a business is investing more than $4 million in Giles County.
Interstate Group LLC will invest $4.1 million to establish a manufacturing and distribution operation, which will create 83 new jobs.
The industry leader in the manufacturing and sale of enclosed cargo trailers will create a 100,000-square-foot businesses in the former GE Fairchild Mining Equipment plant.
“We are thrilled that Interstate Group has selected Giles County and the Commonwealth as the home of its East Coast operations,” said Governor McAuliffe, speaking at the announcement. “This important project will not only create new jobs for an area that has been hard hit by recent closures, it will bring a shuttered plant back into productive use."
Interstate Group LLC manufactures and sells enclosed cargo trailers.
“Interstate is excited to select Glen Lyn as the location for our fourth and largest manufacturing plant,” said Michael Snow, CEO of Interstate Group. “We looked at other states in the region and at multiple locations in Virginia. We look forward to being part of this community [Giles County] and making it the foundation of our growth on the East Coast.”
The Virginia Economic Development Partnership worked with Giles County and Onward New River Valley to secure the project for Virginia and Governor McAuliffe approved a $200,000 Commonwealth’s Opportunity Fund to assist the county with the project.
Funding and services to support Interstate Group’s employee training activities will be provided through the Virginia Jobs Investment Program.
“These jobs are much needed in an economy that has been hard hit by downturns in the coal industry,” added Dr. S. Lee Wheeler, Chairman of the Giles County Industrial Development Authority. “We appreciate the work of the Virginia Economic Development Partnership, the Governor’s Office, and all of all those involved in making this a reality.”