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Veronica Garabelli// July 20, 2016//
Solid Stone Fabrics announced Wednesday a $1.5 million expansion that’s expected to create 22 jobs in Henry County.
Solid Stone Fabrics, which makes and distributes stretch fabrics, will add new equipment and upgrades to its Henry County facility.
The company, founded in 2003, currently employs 60 people, according to a statement from Gov. Terry McAuliffe. Solid Stone Fabrics embellishes fabrics with custom images, creating merchandise ranging from dance wear to costumes to swimsuits.
McAuliffe approved a $50,000 grant from the Commonwealth’s Opportunity Fund for the project.
The company also is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development.
Solid Stone Fabrics will also be eligible to receive sales and use tax exemptions on manufacturing equipment and up to $17,600 in funding and services to support the company’s employee training activities through the Virginia Jobs Investment Program.
Virginia competed against California, Florida and New Jersey for the project.
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