Global Advanced Materials Manufacturer to invest $40.2 million, create 25 jobs in Floyd County

Governor Glenn Youngkin today announced that Hollingsworth & Vose (H&V), a global manufacturer of advanced materials used in filtration, battery, and industrial applications, will invest $40.2 million to expand its operation in Floyd County. The company will add over 28,000 square feet to its facility at 365 Christiansburg Pike Northeast to accommodate new production equipment to meet increased demand. Virginia successfully competed with Georgia for the project, which will create 25 new jobs.

“Hollingsworth & Vose has generated positive economic impact and job opportunities in Floyd County for more than four decades, and this significant investment further solidifies the company’s commitment to Virginia,” said Governor Glenn Youngkin. “Businesses with a long history of expansion in the Commonwealth offer powerful testimonials on why a Virginia location is a foundation for success, and we look forward to a continued partnership with H&V.”

“Hollingsworth & Vose has played a role in the success of Virginia’s advanced materials industry over the past 46 years, and we are thrilled to support this important corporate partner’s expansion in Floyd County,” said Secretary of Commerce and Trade Caren Merrick. “The company’s continued investment is a strong testament to the New River Valley’s strategic location and business-friendly environment, and we thank H&V for creating high-quality jobs in Floyd County.”

”[Hollingsworth & Vose]’s continued investment is a strong testament to the New River Valley’s strategic location and business-friendly environment, and we thank H&V for creating high-quality jobs in Floyd County.”
– Caren Merrick, Virginia Secretary of Commerce and Trade

“We’ve been a part of the Floyd, Virginia community since 1976. This facility is essential to serving both our global and domestic customers,” said Josh Ayer, CEO of H&V. “We chose Virginia for this expansion because of its positive business environment and strong support from the Commonwealth of Virginia and Floyd County.”

“We’ve been a part of the Floyd, Virginia community since 1976. This facility is essential to serving both our global and domestic customers. We chose Virginia for this expansion because of its positive business environment and strong support from the Commonwealth of Virginia and Floyd County.”
– Josh Ayer, Hollingsworth & Vose CEO

“We are delighted to continue to support Hollingsworth & Vose’s growth in Floyd County. Their new investment is over three times bigger than the largest private investment in our county’s 191-year history,” said Joe Turman, Chairman of the Floyd County Board of Supervisors.

“The Hollingsworth & Vose expansion will provide crucial jobs for our Floyd families and enable us to keep more of our families working here at home,” said Delegate Marie March. “We are a hard-working community and believe that this company understands the loyalty and dedication that workers here in SWVA bring to their business. I happily welcome this investment and expansion to our economy. Private enterprise ventures always reward and benefit our local community.”

With incorporation dating back to 1892 and headquartered in East Walpole, Massachusetts, H&V’s advanced materials contribute to a cleaner world through products that provide clean air, clean liquids, and energy storage. The company has been family-owned for seven generations. In 1976, H&V established its first Virginia facility in Floyd County and employs over 200 workers.

The Virginia Economic Development Partnership worked with Floyd County to secure the project for Virginia. Governor Youngkin approved a $558,700 grant from the Commonwealth’s Opportunity Fund to assist Floyd County with the project.

Read the Governor’s press release here.

Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small-town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

SWVA Biochar to invest $2.6 million, create 15 jobs in Floyd County

Governor Glenn Youngkin today announced that SWVA Biochar, a leading producer of premium biochar in the Southwest Virginia region, will invest $2.6 million to increase capacity at its operation in Floyd County. Biochar is a highly absorbent, specially produced charcoal with unique properties originally used as a soil amendment and is thought to be the key component in a carbon-negative strategy to resolve several current ecological challenges. The company will make updates to its facility at 209 Sams Road Southeast and add new equipment, including several new kilns. The project will create 15 new jobs.

“SWVA Biochar is creating an innovative product from biomass that has the potential to be applied to multiple industries while also making a positive impact on the environment,” said Governor Glenn Youngkin. “Startups and small businesses are critical to job creation, and this young company is benefitting from Virginia’s entrepreneurial ecosystem. We are doubling down to ensure an economy that encourages innovation and look forward to supporting SWVA Biochar’s future success in Floyd County.”

“Startups and small businesses are critical to job creation, and this young company is benefitting from Virginia’s entrepreneurial ecosystem. We are doubling down to ensure an economy that encourages innovation and look forward to supporting SWVA Biochar’s future success in Floyd County.”
– Governor Glenn Youngkin

“Virginia’s collaborative environment and skilled workforce bolster newer businesses like SWVA Biochar that are creating jobs for the future,” said Secretary of Commerce and Trade Caren Merrick. “As we work to catalyze the growth of startups across the Commonwealth, we celebrate SWVA Biochar’s success and are proud to support the company through the Virginia Jobs Investment Program.”

“Virginia’s collaborative environment and skilled workforce bolster newer businesses like SWVA Biochar that are creating jobs for the future.”
– Caren Merrick, Secretary of Commerce and Trade

“SWVA Biochar worked with expert partners at James Madison University and in Colorado to determine that demand for quality biochar is high along the East Coast and overseas in Great Britain and other European countries,” said Jack Wall, SWVA Biochar Manager. “Virginia’s plentiful, high-quality biomass resources to make biochar and biochar-infused compost, as well as the markets for biochar products around the Commonwealth, are unlimited. These resources, along with a vibrant agriculture environment and a skilled and available workforce, were an obvious recipe for a successful business made possible through the support and cooperative relationships we have in Virginia.”

Founded in 2021, SWVA Biochar produces highly absorbent, specially produced charcoal with a wide variety of environmentally positive applications and carbon sequestering properties. SWVA Biochar is committed to making a positive impact on the environment and playing a role in the reversal of climate change and utilizes a specialized manufacturing process that converts biomass into premium biochar material used for filtration systems and as a soil conditioner. The company’s biochar is produced using biomass obtained from Virginia companies.

The Virginia Economic Development Partnership will support SWVA Biochar’s job creation through the Virginia Jobs Investment Program (VJIP), which provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities. As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for citizens.

Read the Governor’s press release here.

Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small-town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.