RICHMOND, Va. (AP) — A company that will manufacture and refurbish molds used to make tires is planning to open a plant in Danville, creating 120 jobs.
Gov. Bob McDonnell says North American Mold Technology plans to invest $4.35 million for the project.
The new company will assemble and repair tire molds at its 260,000-square-foot facility and provide other tire mold support services to the tire manufacturers in the U.S. and several other countries.
McDonnell approved a $250,000 grant from the Governor's Opportunity Fund for the project. The Virginia Tobacco Indemnification and Community Revitalization Commission approved $520,000 in Tobacco Region Opportunity Funds.
Area officials say that programs at Danville Community College and Pittsylvania County Schools are preparing local students for work in the field that could lead to jobs with the company.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
South Africa's first black president, Nelson Mandela, passed away Thursday evening at the age of 95. Tributes from those who knew him began pouring in from across the globe, including words from two Hampton Roads leaders.
A company has been hired to complete the repairs to the Herbert C. Bonner Bridge on the Outer Banks, but how long those repairs will take remains unknown.
Drivers traveling between Hatteras Island and the mainland were forced to use an emergency ferry Wednesday, following the sudden closure of the Bonner Bridge Tuesday.