Governor Bob McDonnell announced today that Alexander Industries, a privately held American manufacturer of firearms, will invest $2.88 million to relocate and expand its operations in Dublin Industrial Park in Pulaski County. Virginia successfully competed against South Dakota and Texas for the project, which will create 64 new jobs.
Speaking about today’s announcement, Governor McDonnell said, “It is a
win to retain a Virginia-founded company as it thrives and expands.
Alexander Industries was established
in the Commonwealth in 2001, and continued growth requires the need for
a larger facility and increased manufacturing capacity to meet demand.
With this project the company triples its current workforce and will
move operations to a 25,000-square-foot facility
in Dublin Industrial Park that meets its needs. I am confident that
Alexander Industries will continue its path of success in Pulaski
County.”
“Alexander Industries has made a reputation of quality for itself over
the last 12 years, and will continue to be a strong corporate citizen in
the New River Valley,” said Jim
Cheng, Virginia Secretary of Commerce and Trade. “Pulaski County and
the Town of Dublin offer solutions for the company’s current and future
growth needs, and we look forward to the continued partnership between
the Commonwealth of Virginia and Alexander Industries.”
Alexander Industries (www.alexanderarms.com),
established in 2001, is headquartered in Virginia and is best known for
development of the .50 Beowulf and 6.5 Grendel cartridges and more
recently the development of an all new rifle for the .338 Lapua
cartridge, all designed by founder, Bill Alexander. Alexander
produces rifles, ammunition, and accessories for its products.
“2013 has been an exciting year for Alexander Arms,” said James
Reddish, President of Alexander Industries. “The continued success of
our products, combined with development of
the new .338 Lapua rifle, has put the company in a strong position for
future growth. We are pleased to be able to pursue that growth in our
home state of Virginia, and thank all the state and local officials who
worked so hard to help us find a new home in
Pulaski County.”
The Virginia Economic Development Partnership worked with Pulaski
County, the Town of Dublin, and the New River Valley Economic
Development Alliance to secure the project for Virginia.
Governor McDonnell approved a $150,000 grant from the Governor’s
Opportunity Fund to assist Pulaski County with the project. The company
is eligible to receive benefits from the Virginia Enterprise Zone
Program, administered by the Virginia Department of Housing
and Community Development. Through its Virginia Jobs Investment
Program, the Virginia Department of Business Assistance will provide
funding and services to support the company’s recruitment and training
activities.
“We are pleased to welcome Alexander Industries to Pulaski County,”
said Joe Sheffey, Chairman of the Pulaski County Board of Supervisors.
“Alexander Industries is known as a high-quality
company that will continue to diversify our local economy and provide
additional jobs for the New River Valley. This American company helps
further Pulaski County’s goal of creating a strong employment base made
up of national and international companies.
We appreciate the investment by Governor McDonnell, the assistance of
the Virginia Economic Development Partnership, the initiative of the New
River Valley Economic Development Alliance, the vision of the Town of
Dublin, and the dedication of the County economic
development staff.”
“We are very excited that Alexander Industries has chosen the Town of
Dublin as their newest location,” said Mayor Benny P. Skeens. “I would
like to thank Governor McDonnell and
his staff for all of their assistance with this project. I would also
like to thank the Virginia Economic Development Partnership, as well as
the New River Economic Development Alliance, for all of their hard work
also. I am also appreciative of all of the
Assistance that Pulaski County has given on this project. I would like
to welcome Alexander Industries to the Town of Dublin, and I look
forward to working with them for many years to come.”
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