THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Friday, February 10, 1995 TAG: 9502080182
SECTION: CHESAPEAKE CLIPPER PAGE: 20 EDITION: FINAL
TYPE: Business
SOURCE: BY ERIC FEBER, STAFF WRITER
LENGTH: Medium: 55 lines
Monarch Supply Co., a supplier of valves and fittings for the marine and commercial industry, will move its operation later this year to Chesapeake's Cavalier Industrial Park.
But first the company has to wait until construction of its new 10,000-square-foot office building is completed.
When Monarch moves into Cavalier Park, it will be a homecoming of sorts, said Charles E. Moyer, president and owner of Monarch Supply.
``This is a return for us,'' he said. ``All of our people are excited about moving back. We used to be located in the Dresser-Rand Building, about eight years ago. We sold that and moved to Virginia Beach. Now we're moving back to Chesapeake.''
Moyer said Chesapeake's central location made him want to relocate the company here.
``We felt the Cavalier Park area is a business hub of Hampton Roads,'' he explained. ``You have four major interstates just minutes away. It will be easy to do business with both the Southside and the Peninsula. And the economic development people were great to work with. They were so helpful.''
Tara Saunders of Chesapeake's Economic Development Department said the company was impressed by the reasonable cost of land at the industrial park and other amenities offered by Chesapeake.
``We concentrated on the city's selling points,'' Saunders added. ``It's our purpose to locate companies to Chesapeake in order to provide jobs and increase the tax base.''
Moyer, who now lives in Great Bridge after moving from Virginia Beach himself, said he's happy to move his company close to home. He said many of his employees also reside in Chesapeake.
The company now employs 14 people, but that may change. Moyer said that there is room at the site to expand and that the company expects eventually to add personnel.
``I believe Monarch's return to Chesapeake is a continuation of a trend we've been seeing for years,'' Saunders said. ``Like Monarch Supply, for example, you start with a midsize building with the intention to grow. That way you increase business, create additional jobs and increase the tax base for the city.''
Saunders said the park is now home to about 120 businesses and said her department is always quick to point out other residents to prospective tenants.
Some recent additions to the park are Ingersoll-Dresser Pump Co., Loral Training, Service America, Continental Terminals, Hampton Roads Repackaging and Warehousing, Cofimco USA and Unidyne Corp. by CNB