Friday, February 10, 2017
Missouri company plans manufacturing site in Spotsylvania
February 7, 2017
Author: Virginia Business
Missouri-based idX Corp., a company that helps businesses create store environments, will invest $7.2 million to establish a manufacturing operation in Spotsylvania County.
The project is expected to create 150 jobs. Virginia competed against Maryland and North Carolina for the project.
The idX website proclaims, “We are in the store opening business.” The company provides retailers with millwork, fixtures, décor and graphics. These products are made from a variety of materials including glass, laminates, metal, upholstery, veneers, and wood.
The company, based in Earth City, Mo., is acquiring the former General Motors Fredericksburg Powertrain facility from the RACER Trust, an entity established to create redevelopment opportunities for former GM sites.
“This investment in Spotsylvania County will help idX strengthen our East Coast manufacturing and distribution network and position us for continued growth and success,” Terry Schultz, CEO of idX, said in a statement.
The Virginia Economic Development Partnership worked with Spotsylvania County and the Fredericksburg Regional Alliance at the University of Mary Washington to secure the project.
Gov. Terry McAuliffe approved a $400,000 grant from the Commonwealth’s Opportunity Fund to assist Spotsylvania County with the project. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
Original Article
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