• Albany Industries to invest more in Galax plant

    Albany Industries will invest $700,000 of its own funds for new equipment at its new Galax plant, according to Terry Treadaway, vice president of the company.
    This is in addition to a $2.5 million investment from local and state incentives for equipment, facility upgrades and job placement.
    The New Albany, Miss.-based company will begin training and operations at Vaughan Furniture’s former B.C. Vaughan plant this week. Albany Industries, which makes upholstered household furniture, plans to create 335 new jobs for the area over three years.

  • Albany Industries getting plant ready


  • Carroll a finalist for 150 new jobs

    HILLSVILLE — Carroll officials sent out a message Wednesday proclaiming that the county is a finalist in an economic development effort involving 150 jobs.
    Citing the fact the deal that they have worked on for two years has not been closed, county officials did not release any details about the matter.
    “It is expected that a final decision could be made soon on the new prospect, if we are able to put together a competitive package,” said Carroll Supervisor David Hutchins.

  • Market Village filling up


  • Parkdale reacts to trade agreement

    Officials with domestic textiles company Parkdale Mills say they will work to preserve Twin County jobs, even though the recently ratified free trade agreement is more favorable to overseas competition.
    Dan Nation, CEO of Parkdale, joined other employees at a Hillsville factory to make a public appeal to the office of Congressman Morgan Griffith (R-9th District) to oppose the trade agreement with Korea.

  • Mount Rogers IDC offers opportunities


  • Albany Inc. deal in detail

    Galax won out over two other areas in Albany Industries’ search to expand its business, said Galax City Manager Keith Barker.
    Albany Industries, an upholstered furniture manufacturer based in New Albany, Miss., recently announced that it plans to expand into the vacant B.C. Vaughan facility in Galax, creating 335 jobs over the next three years.
    This is a $2.5 million investment.

  • Galax Lowe's not on closing list

    The Lowe's home improvement store in Galax is not among stores the company plans to close.
    Lowe's, based in Mooresville, N.C., said in a press release that it will close 20 underperforming stores in 15 states and cut 1,950 jobs.
    According to the company, the move will allow Lowe's to focus on more profitable locations.
    Before the closures Lowe's operated 1,725 stores.
    Lowe's said the moves will cost it 17 cents to 20 cents per share in 2011.

  • So far, bypass not bad for business


  • What you need to know about holiday layaway

    If you are considering layaway plans to help finance your holiday gift giving, the Better Business Bureau Serving Western Virginia offers some helpful tips.
    Consumers often place furniture, toys and jewelry on layaway at a variety of stores, including national chain stores, local retail stores and pawn shops.