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Stone Dynamics, Inc., Expands in Martinsville


Jun 12, 2013
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FOR IMMEDIATE RELEASE

Contact: Leon Towarnicki
City Manager
City of Martinsville
276-403-5155
ltowarnicki@ci.martinsville.va.us

Mark Heath
President/CEO
Martinsville Henry County Economic Development Corporation
276-403-5940
mheath@yesmartinsville.com

                                   ~ Stone Dynamics, Inc., Expansion ~

Martinsville, VA (June 12, 2013) - The Martinsville City Council and the Martinsville-Henry County Economic Development Corporation are pleased to announce that Stone Dynamics, a local manufacturer of custom tops of granite and marble, is expanding their operations in the City of Martinsville, creating 44 new jobs and investing $1.0 million in new equipment over the next three years.

Stone Dynamics, Inc., founded in 2000, uses state of the art equipment to fabricate marble and granite for the hospitality, commercial, and residential sectors. They recently acquired the former Coke building on Memorial Ave in the City of Martinsville to house their new manufacturing operations, retail and showroom space. The company expects to be operational in their new facility by July 1, 2013. The 44 new jobs are in addition to their current employment level of 42.

"Born and raised in the Martinsville-Henry County area, I am very proud of my hometown and the wonderful people in our community. I am very honored to be a small building block in the area's continued success," said Bob Lankford, Owner of Stone Dynamics.

The Martinsville-Henry County Economic Development Corp., worked in partnership with the City of Martinsville to secure the project. The project qualifies for local Enterprise Zone Grants offered by the City of Martinsville. In addition, the Tobacco Indemnification and Community Revitalization Commission approved $310,000 in Tobacco Region Opportunity Funds for the project. Through the Virginia Jobs Investment Program, the Virginia Department of Business Assistance will also provide funding to support the Company's recruitment and training activities.

"The EDC's number one priority is to assist existing companies grow and expand. Stone Dynamics decision to expand locally is a testament to the strength of Martinsville-Henry County's workforce and support services," said Mark Heath, President/CEO of the Martinsville-Henry County Economic Development Corporation.

"The City of Martinsville is certainly pleased with Stone Dynamics' decision to locate their operations in the former Coca-Cola plant on Memorial Boulevard," said Kim Adkins, Mayor of the City of Martinsville. "It's a good location and a great use of an existing facility, and we look forward to helping them grow their business. Their decision is a confirmation that our community continues to be a great place for existing businesses desiring to expand, or for new businesses seeking a start-up location."

The mission of the Martinsville-Henry County Economic Development Corporation is to create new job opportunities and expand the tax base for the area. The organization strives to support and develop local industry, as well as market Martinsville-Henry County globally as an exceptional place to live, work and play.

The EDC is a public-private partnership between the City of Martinsville, Henry County, the Martinsville-Henry County Chamber of Commerce, the Martinsville-Henry County Chamber's Partnership for Economic Growth (C-PEG) and the Harvest Foundation of the Piedmont.
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