2017 Annual Report

Business Retention & Expansion

INORGANIC VENTURES TO RENOVATE SPACE IN ITS CURRENT FACILITY InOrganic Ventures has announced a $1 million project to renovate space within their current facility.

In February 2017, Qualtrax announced that it would undergo an expansion by taking advantage of the Virginia Jobs Investment Program (VJIP) through the Virginia Economic Development Partnership (VEDP). The VJIP programwill allow Qualtrax to recoup some of their recruitment costs of hiring new employees. Qualtrax is a creator of compliance software that allows for supporting and maintaining regulatory requirements for document and data control. With this expansion, Qualtrax will add 35 new jobs and will invest $2 million. This project will allow the company to finish out 5,000 square feet of unfinished space previously used for warehousing into more office and collaboration space. Finishing an additional 5,000 square feet will give the company room for more offices and will allow for the relocation of some positions from the lab floor and into this new area, which will in turn allow more renovation on the lab floor to accomodate additional laboratory use.

This expansion will not add any new positions at this time, but will allow for growth in the future. QUALTRAX ANNOUNCES EXPANSION THROUGH VJIP PROGRAM

SpectrumBrands, Inc., a global consumer products company offering an expanding portfolio of leading brands, announced on April 19, 2017 that it will be investing $7.28 million over the next several years in its Montgomery County operation to purchase equipment and upgrade its production processes. The Virginia Jobs Investment Program (VJIP), through the Virginia Economic Development Partnership, will be used to support Spectrum Brands’ job retraining. This will allow Spectrum to retrain more than half of its workforce on the new equipment that they will purchase. “Blacksburg has been central to the success of our aquatics brands for more than 20 years, and our manufacturing center there has grown into a major production facility for our entire division,” said John Schostek, Vice President, Global Operations - Spectrum Brands Pet, Home, & Garden Division. “Our company continues to grow, and we plan to invest in the Blacksburg plant to upgrade and expand its capabilities. The Virginia Jobs Investment Program supports our commitment to provide our employees with the skills and knowledge they need to be successful.” SPECTRUM BRANDS TO RETRAIN EMPLOYEES IN MONTGOMERY COUNTY Image Credit: Qualtrax Twitter

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