Appalachian Millworks in Richlands Secures $400,000 VCEDA Loan | New

By on August 9, 2022 0

TAZEWELL, Va. — A $400,000 loan to be used to fund building construction, renovations and improvements to streamline its manufacturing and help with the expansion of Appalachian Millworks & Cabinetry in Tazewell County, bringing with it 15 net new full-time jobs and $1,050,000 in private investment was closed recently by the Virginia Coalfield Economic Development Authority (VCEDA).

“Helping existing businesses grow their businesses by creating additional jobs and investment within the VCEDA e-region is an important part of what we do here at VCEDA,” said Jonathan Belcher, Executive Director/Counsel General of VCEDA. “Appalachian Millworks & Cabinetry, LLC (AMC) is a Virginia-based company established in 2015, and it has a history of delivering products and jobs to the region. This latest expansion will add to the number of jobs for an already established company. »

The company is known for its custom cabinetry, trim, flooring and other millwork, VCEDA officials said.

When established in 2015, AMC began operations at 1515 Second Street in Richlands in the former WBF White and Sons building, which was once used to operate a similar business, Clinch Valley Millworks. Since its inception, AMC noted that it has developed long-standing relationships with more than 100 vendors and has sold products to more than 800, according to its funding application to VCEDA. Many commercial and residential contractors use AMC custom millwork products.

To become more efficient and streamline the manufacturing process, AMC has purchased a new location – the former Magic Mart building and site at 1809 Third Street in downtown Richlands – for relocation and expansion which will also involve the purchase new machines and tools, allowing the company to have a higher production volume, increase sales and create jobs. The building measures approximately 49,500 square feet built around 1971 and sits on a 2.2-acre site, VCEDA officials said.

“The VCEDA loan has really helped us,” said AMC owner Travis Hackworth. “We put so much private money into this project and we were at the point where we could wait to complete it, or in this case, with the help of VCEDA funds, we are able to stay on track. “

Hackworth said it expects the new facility to open in the first quarter of 2023.

“We intend to repurpose the current building we have at a later date, but for now it will remain the offices of Twin Enterprises Inc. and Appalachian Millworks, as well as the showroom,” he said. -he declares.

Proceeds from the VCEDA loan will be used to renovate the new building and to streamline manufacturing processes. The Tazewell County Industrial Development Authority also provided incentives for the project, including a $2,000 grant per job; and a five-year progressive property and property tax relief on the increase in the value of property and property taxes over a five-year period.

“The Tazewell County Industrial Development Authority is delighted to support VCEDA and our existing employers in their expansion plans and to help provide quality employment opportunities for residents of Tazewell County,” said the Tazewell County Economic Development Director, Tim Danielson. “The expansion will repurpose vacant property in the town of Richlands. We look forward to being a supporting public partner for Appalachian Millworks and Cabinetry. Their current and future growth plans will always be welcome in Tazewell County. »