Gov. Bob McDonnell speaks before a crowd at Cadence, Inc. Staunton's Green Hills Industrial Park on Monday afternoon. First Lady Maureen McDonnell and city Councilwoman Andrea Oakes are in the front row.
Update: More in-depth post at the Washington Examiner....
There was an air of excitement Monday afternoon as Governor Bob McDonnell announced that Staunton company Cadence, Inc., would be investing $15.9 million and create 65 new jobs for the city.
Cadence, in business since 1985 and formerly known as Precision Blades, manufactures specialty blades for industry and medical/surgical purposes. Costa Rica had been in competition with Virginia for this project.
The Governor's news was accompanied with a check for $150,000, a grant from the Governor's Opportunity Fund, that was secured by Staunton and the Virginia Economic Development Partnership. A platform during McDonnell's gubernatorial campaign was bringing jobs to Virginia, something he has successfully achieved since taking office in 2010.
In a released statement, the Governor noted, "Cadence, formerly known as Specialty Blades, has thrived in Staunton for 25 years. We are pleased that Cadence decided to continue their long relationship with Virginia and the City of Staunton in choosing to expand their facility, rather than move to a new location. The path of success continues with this significant investment, which will allow for a larger facility and increased manufacturing production to accommodate the company's rapid growth. The addition of 65 new jobs is also tremendous news for the region."
Employees of Cadence, Inc., as well as Staunton City Council members, state elected officials, and local businessmen were among the guests in the crowd.
Photo by Lynn R. Mitchell
23 May 2011
There was an air of excitement Monday afternoon as Governor Bob McDonnell announced that Staunton company Cadence, Inc., would be investing $15.9 million and create 65 new jobs for the city.
Cadence, in business since 1985 and formerly known as Precision Blades, manufactures specialty blades for industry and medical/surgical purposes. Costa Rica had been in competition with Virginia for this project.
The Governor's news was accompanied with a check for $150,000, a grant from the Governor's Opportunity Fund, that was secured by Staunton and the Virginia Economic Development Partnership. A platform during McDonnell's gubernatorial campaign was bringing jobs to Virginia, something he has successfully achieved since taking office in 2010.
In a released statement, the Governor noted, "Cadence, formerly known as Specialty Blades, has thrived in Staunton for 25 years. We are pleased that Cadence decided to continue their long relationship with Virginia and the City of Staunton in choosing to expand their facility, rather than move to a new location. The path of success continues with this significant investment, which will allow for a larger facility and increased manufacturing production to accommodate the company's rapid growth. The addition of 65 new jobs is also tremendous news for the region."
Employees of Cadence, Inc., as well as Staunton City Council members, state elected officials, and local businessmen were among the guests in the crowd.
Photo by Lynn R. Mitchell
23 May 2011
No comments:
Post a Comment