Published 02:07 IST, May 10th 2020
Plastics factory to take place of former textile plant
A plastics company is planning a new factory in Southside Virginia at the site of a former textile plant.
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A plastics company is planning a new factory in Southside Virginia at site of a former textile plant.
Newsoutlets report that Staunton River Plastics, a subsidiary of Hilliard, Ohio-based R Corp., will invest more than $34 million to build a new 250,000-square-foot manufacturing facility on site of former Burlington Industries plant in Hurt, which employed 1,300 at its peak before shuttering in 2007 amid a wave of textile closures in Southside.
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Plans anunced Friday call for creating 200 new jobs within four years.
project includes significant incentives from state and local government that could approach $4 million. State incentives include a $500,000 grant from Commonwealth Opportunity’s Fund, performance-based grants and $135,000 from Virginia Tobacco Commission. Local incentives are valued at $740,000.
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company expects to begin operations by mid-2021.
02:07 IST, May 10th 2020