Solid Stone Fabrics Expands
FOR IMMEDIATE RELEASE
Contact: Leon Towarnicki
City of Martinsville
Martinsville Henry County Economic Development Corporation
~ Solid Stone Fabrics Expansion ~
Martinsville, VA (December 10, 2013) - The Martinsville City Council and the Martinsville - Henry County Economic Development Corporation are pleased to announce that Solid Stone Fabrics , a local manufacturer and distributer of specialty fabrics, is expanding their operations in the City of Martinsville, creating 16 new jobs and investing $1.0 million in new equipment over the next three years.
Solid Stone Fabrics, founded in 2003, develops, sources, and stocks specialty fabrics for various domestic markets. The company uses state of the art sublimation printing equipment to produce finished fabrics and other materials for retail merchandising, flags and banners, dancewear, swimwear, and active apparel. The company also manufactures fabrics offshore and delivers them to specified countries to be converted into finished products.
David Stone, President and CEO, started the company in his home in 2003. Since that time he has grown from three employees to 24 with plans to add another 16 jobs and $1.0 million in new capital investment over the next three years. The company will continue to operate in their current location on Fayette Street in the city of Martinsville, and will be expanding to the former American of Martinsville headquarters building on Church Street in Uptown Martinsville to utilize an additional 23,000 sf. of manufacturing space. The company expects to be fully operational in their new facility by December 15, 2013.
Stone stated "We are truly grateful to the City of Martinsville and the Martinsville Henry County Economic Development Corporation for their efforts to assists us with this next phase of expansion. In addition, we thank the Virginia Tobacco Commission for their financial support through the Tobacco Regional Opportunity Fund grant. This money will be put to very good use and in short order. The result will be new jobs and a larger and stronger Solid Stone Fabrics. Textiles are back on the map and growing in the city of Martinsville."
"On behalf of the City of Martinsville, we are extremely pleased that Solid Stone Fabrics has decided to expand their operations and remain in our Uptown area. Under David Stone's leadership, the growth and expansion of Solid Stone Fabrics continues to embody the entrepreneurial spirit that has been the hallmark of this community for decades. We offer congratulations on the success of their business that has made this expansion possible, and look forward to continuing our relationship with Solid Stone Fabrics in years to come," said Kim Adkins, Mayor of the City of Martinsville.
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 $100,000 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.
"Solid Stone Fabrics is a great example of the entrepreneurial spirit put into action. Their excellent products and quick response to the customers' custom needs set them apart in their industry. We are excited about their expansion, capital investment and additional jobs for our region. As a Commissioner of the Virginia Tobacco Commission, I am pleased that we are able to award a Tobacco Region Opportunity Fund (TROF) Grant to Solid Stone Fabrics and wish them continued growth and even greater success," said Delegate Danny Marshall.
"The EDC's number one priority is to assist existing companies grow and expand. Solid Stone Fabrics' decision to expand locally is a testament to their commitment and satisfaction of the local workforce and the support services offered through the City of Martinsville," said Mark Heath, President/CEO of the Martinsville-Henry County Economic Development Corporation.
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.