AccuTec Blades to Expand in Augusta County
Friday, February 26, 2016
Governor McAuliffe announced that AccuTec Blades, Inc. will invest $5.37 million to expand its manufacturing operation in Augusta County. Virginia successfully competed against several other states for the project, which will retain 138 jobs and create 53 new jobs. AccuTec, manufactures blades for medical, laboratory, food processing, and automotive use.
Governor McAuliffe said, “The advancement of the manufacturing sector in the Commonwealth is key to driving diversification and growth as we build a new Virginia economy. The retention and success of our existing businesses is also paramount. AccuTec Blades remains an important employer, and it was a priority to ensure that it continues to thrive in Augusta County. We celebrate the company’s expansion and the resulting 53 new, good-paying manufacturing jobs.”
“This expansion is a wonderful testament to the great talent, infrastructure and business environment in Augusta County,” said Secretary of Commerce and Trade Maurice Jones. “Business expansion is our most effective job-generating strategy, and we look forward to AccuTec’s continued success in the Commonwealth.”
The Virginia Economic Development Partnership worked with Augusta County and the Shenandoah Valley Partnership to secure the project for Virginia. Governor McAuliffe approved a $125,000 grant from the Commonwealth’s Opportunity Fund to assist Augusta County with the project. The company will be eligible to receive sales and use tax exemptions on manufacturing equipment. Funding and services to support employee training activities will be provided through the Virginia Jobs Investment Program.
“Business retention and expansion is one of Augusta County’s highest priorities, and this Board works to maintain a favorable business environment that supports the growth and development of businesses such as AccuTec Blades,” said Carolyn Bragg, Chair of the Augusta County Board of Supervisors. “Companies like AccuTec Blades and the hard-working citizens of Augusta County enable us to have a strong local economy.”