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Sixty new jobs will be created for Grayson County through a planned $1.7 million expansion by Nautilus, Inc., when it adds production for a cardio exercise equipment line.
Gov. Tim Kaine announced on Thursday the plans by Nautilus to expand. Virginia successfully competed with Oregon and China for the project, the governor said.
“Nautilus has been a major employer in Grayson County for 33 years,” Kaine said. “The success of Virginia’s existing businesses is more crucial than ever in these times of economic downturn and I am thrilled to bring good news of jobs and investment.”
The Virginia Economic Development Partnership worked with Grayson County and Virginia’s aCorridor to secure the project for Virginia.
Kaine approved $50,000 from the Governor’s Opportunity Fund to assist Grayson with the project. The Virginia Tobacco Indemnification and Community Revitalization Commission approved $100,000 in Tobacco Region Opportunity Funds.
The Virginia Department of Business Assistance will provide training assistance through the Virginia Jobs Investment Program.
“In these difficult economic times, it's critical to have a workforce that employers have confidence in, and the employees of Nautilus in Grayson County more than meet the high standards required,” said Mike Maynard, chairman of the Grayson County Board of Supervisors. “It's their work and commitment that have made this decision possible.”
State Sen. William Wampler, a member of the Virginia Tobacco Commission, said, “Of the many investments made by the Tobacco Commission, none are more meaningful than those made in companies like Nautilus which bring jobs and capital to southwestern Virginia communities. The Commission is pleased to make $100,000 available to ensure the success of this valuable corporate citizen."
Nautilus, with headquarters in Vancouver, Wash., describes itself as a global fitness products company providing innovative, quality solutions to help people achieve a fit and healthy lifestyle.
The company had 2007 sales of $502 million. It has 1,100 employees and operations in worldwide locations including Washington, Oregon, Virginia, Canada, Switzerland, Germany, United Kingdom, Italy and China.
“Nautilus has had manufacturing operations in Virginia since 1975,” said Tim Joyce, senior vice president and general manager at Nautilus. “We are pleased to be able to partner with the state and local agencies to expand our presence in Grayson County and bring even more jobs to Virginia.”