Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SUNDAY, November 6, 1994 TAG: 9411070068
SECTION: VIRGINIA PAGE: C5 EDITION: METRO
SOURCE: ASSOCIATED PRESS
DATELINE: RICHMOND LENGTH: Medium
Forty-six companies announced plans for new or expanded facilities in the third quarter, compared with 37 companies for the same period last year.
The 1994 third quarter development plans eventually call for hiring 2,377 people statewide, compared with 4,320 people for the year-ago period, the state Department of Economic Development reported.
In this year's quarter, the amount companies said they plan to invest jumped more than fourfold to $467 million.
Some of the major development plans include Parkdale Mills' $170 million yarn plant in Carroll County, which should employ 300 people; a $75 million Georgia-Pacific Corp. strand board plant in Campbell County, which will create 125 jobs; and a $40 million Lender's Bagel Bakery plant in Frederick County that will employ 140 workers.
Other major projects around the state include:
Diversity Foods Processing's $20 million plant in Petersburg, slated to employ 110 people.
A Better Airfare's new $2 million ticket reservation center in Newport News, which should employ 260.
Kentucky Derby Hosiery's planned $9.4 million sock plant in Carroll County, which will employ 200.
Syscon Corp.'s new software development center in Fairfax County, which will employ 150.
Amfibe Inc.'s new monofilament fiber plant in Henry County that will employ 112.
An expansion at Bristol Garment's plant in Bristol that will create 100 jobs.
Super Sack's new plastic container plant in Lee County that will employ 100.
Southwestern Virginia is scheduled to get 760 new jobs, the biggest share. Northern Virginia should gain 370 jobs; the Shenandoah Valley, including Roanoke, 357 jobs; Southside Virginia, 305 jobs; central Virginia, 300 jobs; and the Hampton Roads region, 285 jobs.
So far this year, 139 companies have announced plans for new or expanded offices and plants in Virginia, creating 9,870 jobs.
That compares with 123 companies announcing plans to employ 12,869 people in the first nine months of 1993.
by CNB