White Rock Truss & Components Expands in Lee County, Va, Creating 27 Jobs
Table of Contents
- 1. White Rock Truss & Components Expands in Lee County, Va, Creating 27 Jobs
- 2. Investment in Southwest Virginia’s Lumber Industry
- 3. Boosting Production and Meeting Demand
- 4. Partnerships for Economic Growth
- 5. State support and Local Impact
- 6. Virginia’s Commitment to Economic Development
- 7. Key Facts at a Glance: White Rock Truss Expansion
- 8. The Importance Of Lumber Production in Virginia
- 9. Frequently Asked Questions About The White Rock Truss Expansion
- 10. Here’s one PAA (Policy, Actors, and Audience) related question for the provided text, formatted as requested:
- 11. Youngkin Announces White Rock Truss Expansion in Lee County: A Boost for the Local economy
- 12. The Details of the White Rock Truss expansion
- 13. Economic Impact and Job Creation
- 14. Strategic Location and Infrastructure
- 15. Building a Strong Future
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Richmond, Va – White Rock Truss & Components, LLC, specializing in yellow pine trusses for residential and commercial construction, is set to expand its operations in Lee County. The company’s $1.5 million investment will fund a new lumber shed and upgraded equipment, creating 27 new jobs in the region, marking a significant boost for the local economy and Virginia‘s thriving lumber industry.
Investment in Southwest Virginia’s Lumber Industry
Governor Glenn Youngkin emphasized the importance of White Rock Truss & Components’ expansion. He stated it exemplifies the entrepreneurial spirit defining Southwest Virginia,reinforcing the state’s commitment to rural economic growth and its manufacturing base.
Secretary Of Commerce And Trade Juan Pablo Segura highlighted the significance of the investment in strengthening communities and creating jobs across the region.He applauded white Rock Truss & Components for deepening its roots in Southwest Virginia.
Boosting Production and Meeting Demand
Established in lee County in 2005, White Rock Truss & Components supplies trusses and engineered lumber to home construction companies and retailers. The expansion includes constructing a new building and upgrading equipment to double production capacity, addressing increasing product demand.
Did You Know? Virginia’s forestry sector contributes $21 billion annually to the state’s economy, supporting over 108,000 jobs.
Tonya Freeman,Finance manager At white Rock Truss & Components,expressed gratitude for the government grants and loan from the Virginia Coalfield Economic Development Authority. She noted the funding empowers the company to further their mission and positively impact the community.
Partnerships for Economic Growth
The Virginia Economic Development Partnership (VEDP) collaborated with several organizations, including the Virginia Department Of Agriculture And Consumer Services, to facilitate the project.
leslie Litton, Lee County Community Development Director, celebrated the expansion as a significant win, strengthening the local manufacturing sector and driving broader economic growth.
Jonathan Belcher, VCEDA Executive Director, congratulated White Rock Truss & Components and Lee County. He noted VCEDA’s $500,000 loan to assist with equipment purchase for the expansion project will support the housing and construction market.
State support and Local Impact
governor Youngkin approved a $100,000 grant from the Commonwealth’s Opportunity Fund to assist Lee County with the project. Additional support included a $500,000 loan from VCEDA and a $50,000 grant from the Tobacco Region Opportunity Fund.
Senator Todd Pillion and Delegate Terry Kilgore both lauded the expansion and its positive impact on the workforce, local economy, and the region’s manufacturing base.They emphasized the commitment to making Southwest Virginia a desirable place to live and work.
VEDP will support White Rock truss & Components’ job creation through the Virginia Jobs Investment Programme (VJIP). This program offers consultative services and funding to support employee recruitment and training.
Virginia’s Commitment to Economic Development
Virginia is dedicated to enhancing economic opportunities for its citizens. Aided by expanded site readiness funding initiatives, the Virginia economic Development Partnership and local officials have accelerated the development of numerous sites. Within 18 months, utilities and infrastructure are promised to be in place, attracting bigger projects. Virginia Business Reports that these “shovel-ready sites” are pivotal for economic expansion.
Key Facts at a Glance: White Rock Truss Expansion
| Factor | Details |
|---|---|
| Company | White Rock Truss & Components, LLC |
| Location | Lee County, Virginia |
| Investment | $1.5 million |
| Jobs Created | 27 |
| Products | Yellow pine trusses, engineered lumber |
The Importance Of Lumber Production in Virginia
Lumber production is vital to Virginia’s economy, feeding the construction industry and supporting countless jobs. Investments in lumber companies like White Rock Truss & Components not only boost local economies but also contribute to the overall stability and growth of the state’s manufacturing sector.
Pro Tip: Stay informed about local economic development initiatives to understand how investments in your community can impact job growth and property values.
The strategic location of Lee County, bordering Tennessee and Kentucky, enhances White Rock Truss & Components’ ability to serve a broader regional market. The recent infrastructure improvements will further solidify its position as a key supplier in the construction industry.
Frequently Asked Questions About The White Rock Truss Expansion
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Why is White Rock Truss expanding in Lee County?
to meet increasing product demand by constructing a new building and upgrading existing saw equipment.
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How much is White Rock Truss investing in Lee County?
$1.5 million.
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How many jobs will the expansion create?
27 new jobs.
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what products does White Rock Truss & Components manufacture?
Construction products,including trusses and engineered lumber.
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What support did white Rock Truss receive for this expansion?
A $100,000 grant from the commonwealth’s Opportunity Fund, a $500,000 loan from VCEDA, and a $50,000 grant from the Tobacco region Opportunity Fund.
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How does this expansion impact Virginia’s economy?
It strengthens Virginia’s manufacturing base, supports rural economic growth, and enhances the forestry sector.
What are your thoughts on this expansion? How do you think it will impact the local community? Share your comments below!
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Youngkin Announces White Rock Truss Expansion in Lee County: A Boost for the Local economy
Governor Glenn Youngkin recently announced a notable economic development project: the expansion of White Rock Truss in Lee County, Virginia. This announcement represents a crucial investment in the region, promising job creation and a strengthened local economy. The project is a testament to the commitment to revitalize the area and offer more jobs and opportunities for the community.
The Details of the White Rock Truss expansion
White Rock Truss, a leading manufacturer in the building components industry, plans to expand its existing operations considerably. The expansion will involve:
- Increased production capacity
- New equipment and technology upgrades
- Additional square footage for manufacturing and storage.
The expansion demonstrates White Rock Truss’s ongoing commitment to serving the construction and building industry. This strategic investment in Lee County reflects the company’s confidence in the region’s potential and its dedication to contributing long-term growth.
Economic Impact and Job Creation
One of the primary benefits of the White Rock Truss expansion is new job creation. The project is expected to generate a significant number of new employment opportunities in Lee County. This expansion provides several benefits shown below in a table:
| Benefit | Details |
|---|---|
| Job Creation | New manufacturing and related jobs in Lee County |
| Increased Tax revenue | Boosts local and state coffers |
| Economic Activity | Spurs additional spending and investment in othre local businesses. |
| Community Growth | Strengthens the local community. |
The influx of new jobs will have a ripple effect throughout the local economy, supporting related industries and boosting overall economic activity.The increased tax revenue will provide resources for essential public services such as schools, infrastructure, and public safety.
Strategic Location and Infrastructure
Lee County was chosen as a strong location for this significant expansion. The region, with its existing infrastructure and resources, provides a favorable habitat for manufacturing and business growth.Investing in locations with strong infrastructure is a core tenet of Governor Youngkin’s economic development plan.
Building a Strong Future
White Rock Truss’s expansion in Lee County is a strategic economic growth initiative. It is an excellent case study for how public-private partnerships drive prosperity. The project is a significant win for Virginia, demonstrating its commitment to building a robust economy and creating opportunities for its citizens. This expansion provides great benefits:
- Local Economic Impact: Creates jobs and stimulates the local economy.
- Strengthened Manufacturing: Contributes to the growth of the local manufacturing sector.
- Community Development: Attracts investment and increases the financial stability of the community.
With the expansion, White Rock Truss is positioned to contribute to the expansion and economic vitality of Lee County for many years to come. The company is committed to creating jobs, increasing its presence in the building components market, all while assisting the communities in which it operates.
