An Ohio-based metal stamping company announced Thursday it will invest $5.7 million in a new facility in Pulaski, bringing 112 new jobs along with it.
Falls Stamping & Welding Company manufactures large metal parts for bus, trucking, and automotive companies, as well as the military.
The new facility will be located in the old Renfro plant on South Jefferson Avenue in Pulaski, just a hop, skip, and a jump away from one of its biggest clients, Volvo.
In addition to supplying the vehicle maker, Falls hopes to expand its customer base across the region.
Vice President of Sales Lane Witte was on hand for the announcement in downtown Pulaski Thursday afternoon. He says while the location was ideal, what really sealed the deal was the assistance they received from both the state and local governments.
Falls will receive a $175,000 grant from the Governor's Opportunity Fund, in addition to benefits from the Virginia Enterprise Zone program.
Witte says the town has really shown Falls just how much they want the company to be a part of their community.
"The help we've got meeting people and networking was so easy down here," said Witte. "We've met a ton of potential customers and suppliers down here. And the county and city did a great job getting us in front of the people we needed to get in front of."
This is the largest jobs announcement in Pulaski since 2005. Town leaders say they hope it's a sign of brighter days to come.
"To a community that's gone through so much upheaval, with the loss of traditional jobs in furniture and textiles, this couldn't come at a better time for the town," said Dr. John White, director of economic development for the Town of Pulaski.
Witte says most of the company's hiring will likely take place in late December and early January. Falls hopes to begin most operations at its Pulaski facility during the first quarter of 2014.