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Business

  • Screenprinting company to create 55 jobs, invest $1.4 million

    HILLSVILLE — Classic Creations Screen Printing will create 55 jobs and invest $1.4 million in a facility in Carroll County Industrial Park, according to a Tuesday announcement by CEO Keith Sanders.
    In a crowded board of supervisors room, Sanders noted that he chose Hillsville and Carroll County as the location for his startup business due to the quality workforce that’s available here and the help he’s gotten from local and state representatives over the last 14 months.

  • Wildwood project making progress

    Ken McFadyen and Mandy Archer, representatives of the Blue Ridge Crossroads Economic Development Authority (BRCEDA) and the Blue Ridge Crossroads Small Business Development Center (SBDC), had impressive numbers to show members of Galax City Council at their October meeting on Monday.
    McFadyen began the presentation by outlining some of the economic development accomplishments BRCEDA has achieved this year, including an update on the current state of Wildwood Commerce Park in Carroll County.

  • Virginia Produce to expand in Hillsville

    HILLSVILLE — Gov. Bob McDonnell on Wednesday announced that Virginia Produce Company, a family-owned agricultural produce wholesaler located in Hillsville, will more than quadruple the size of its operating facility and create 75 new full-time positions.
    During the three-year project, Virginia Produce will invest more than $2.54 million in capital improvements and buy an additional $12 million of produce from Virginia farms.

  • Carroll to make economic development announcement

    HILLSVILLE — Carroll County officials are planning an economic development announcement for next week, according to invitations issued on Wednesday.
    The invitation sent out to community leaders and local media says that the Carroll Board of Supervisors, the Carroll County Industrial Development Authority and “special guests” will be on hand for the event on Sept. 25 at 11:30 a.m.
    The announcement will be made at the Carroll County Industrial Park.

  • Grayson National Bank names successor

    INDEPENDENCE — Grayson National Bank announced that Allan Funk will assume the role of president and chief executive officer, and Blake Edwards will become senior executive vice president when Jacky Anderson retires this fall.

    Anderson has worked for Grayson National for 41 years, and has served as president and CEO for the past 14 years. He will continue to serve on the bank’s board of directors.

  • Hookah bar headed to Hillsville

    HILLSVILLE — Hookah Hook-up owner Ayman Anwar’s vision for his second Main Street business isn’t hazy at all — he says it’s all about the atmosphere.
    The idea to open the smoking lounge next door to his Italian restaurant, Juliano’s, is unique in the Twin Counties, he said. But, he believes a unique attraction is something the town could benefit from.

  • Galax's high jobless rate misleading

    Temporary factors such as holiday furloughs at factories and poor weather conditions led to a resulted in Galax having the highest jobless rate in the state for July.
    Galax outranked Martinsville for the top spot, a locality known for having the state’s highest unemployment rates, according to the Virginia Employment Commission.
    The city saw an unemployment rate of 16.2 percent in July, when the jobless community doubled to 551. This number is nearly double the previous year’s rate of 8.8 percent.

  • Bassett nominated to furniture hall of fame

    HIGH POINT, N.C. — John D. Bassett III of Galax has been named an Industry Fellow by the American Furniture Hall of Fame Foundation, Inc.
    Bassett is one of six U.S. fellows named July 12 and is a nominee for election into the hall of fame. Voting by members extends through Aug. 16.
    The six nominees will be made industry fellows at an Oct. 20 banquet at the High Point market.
    Bassett is chairman of Vaughan-Bassett Furniture Co.

  • APCo fuel factor will not change

    Appalachian Power Co. filed a request Friday to leave unchanged the current fuel factor component of its electricity rates.
    The fuel factor is aimed at dollar-for-dollar recovery for the cost Appalachian Power incurs for fuel — primarily coal — and purchased power. It is often adjusted annually. There is no profit in the fuel factor.
    The current fuel factor of 2.953 cents per kilowatt-hour has been in place since June 2012.

  • Va. gas prices could drop after July 1

    Virginia gas prices could drop by close to six cents per gallon after July 1 — at least theoretically — says the American Automobile Association.
    A historic change to the Virginia gas tax could place Virginia in the coveted five most-affordable states in which to fill up, AAA said.
    After July 1 with implementation of Gov. McDonnell’s transportation funding plan, Virginia retail gas prices should begin to drop by about six cents per gallon as the retail gas tax is replaced with lower tax at the wholesale level.