By The Associated Press
RICHMOND, Va. – Furniture maker Albany Industries is planning to establish its first Virginia operation in Galax, creating 335 jobs.
Albany is based in New Albany, Miss. Founded in 1995, it employs more than 450 people in a 500,000-square-foot manufacturing facility.
The company manufactures promotional and mid-priced upholstered furniture.
Gov. Bob McDonnell said Wednesday that Albany will invest $2.5 million for the project. Albany Industries will revitalize a vacant property that formerly served as the B.C. Vaughan manufacturing facility.
McDonnell called the deal tremendous news for the region that has been hard hit by recent economic troubles.
McDonnell approved a $300,000 grant from the Governor’s Opportunity Fund for the project. The Virginia Tobacco Indemnification and Community Revitalization Commission approved $680,000 in funds for the project.
Albany also will receive state funding and services to support recruitment and training activities.
According to Furniture Today, Albany Industries President Richie McLarty said the Virginia plant will be ideal to serve the company’s Northeast market.
Details about when the new plant will open were unavailable.