171 Virginia Manufacturing Jobs Created by MMP
Posted on August 12, 2008
A manufacturing company will create more than 100 new Virginia manufacturing jobs.
Metal Manufacturing and Processing, a division of Raleigh Mine & Industrial Supply Inc., is investing $3.2 million to open a processing facility for metal fabrication and truck parts re-manufacturing. The project is expected to create 171 new jobs in Tazewell County, Va. within five years, according to a press release from the State of Virginia. The state won a bid for the project over Kentucky and West Virginia.
“Metal Manufacturing and Processing is a mining equipment company that was created to meet the growing demand for mineral extraction,” Governor Timothy M. Kaine said in the press release. “MMP’s location in Tazewell County will be close to its customer base and will aid the mining industry in Southwest Virginia. I am confident the company will find a skilled workforce in the area to meet its needs.”
MMP, which was founded in 1978, offers round-the-clock service, and all its offices are located within 100 miles of all the major mine-producing companies in the eastern United States.
“When Raleigh Mine & Industrial Supply realized that there was a real need to be able to supply manufactured parts to our customer base, we began to search the tri-state area for a community that would welcome and support this company,” S. R. Smith, President and CEO of Raleigh Mine & Industrial Supply Inc. said in the press release. “The response from the state of Virginia was extremely positive and the state offered several incentives which would help with the initial start-up costs.
“Also, we found that the tax base in Virginia would allow the company to continue to grow and still maintain a larger profit margin than in the surrounding states,” he added. “We felt that the area offered many benefits for workers that would allow us to easily recruit and keep a work force. The assistance we received from Virginia made it easy to make the choice to locate this facility in Virginia and we look forward to continuing to work with the state agencies to experience growth for our company and also for the state of Virginia. We applaud the state for their work in maintaining an atmosphere within their state that is conducive to business.”
The project was brought to Virginia by the Virginia Economic Development Partnership, Tazewell County and the Virginia Coalfield Economic Development Authority. The Virginia Tobacco Indemnification and Community Revitalization Commission approved $100,000 in Tobacco Region Opportunity Funds for the project. MMP also is eligible to receive state benefits from the Virginia Enterprise Zone Program.