Textile manufacturer, American Merchant, Inc. to invest $19M; bring 400 new jobs

Textile manufacturer, American Merchant, Inc. to invest $19M; bring 400 new jobs


VIRGINIA GORVERNOR TERRY MCAULIFFE MADE A MAJOR ECONOMIC ANNOUNCEMENT TODAY IN SOUTHWEST VIRGINIA… NEWS CHANNEL 11’S KARISSA WINSTEAD WAS THERE… AND LEARNED HUNDREDS OF JOBS ARE COMING TO BRISTOL. SOME GREAT NEWS FOR THE REGION… THAT NEW COMPANY – AMERICAN MERCHANT– WILL BE LOCATED IN THE OLD ‘BALL CORPORATION’ BUILDING OFF OF OLD ASHEVILLE HIGHWAY… BRINGING WITH IT MORE THAN 400 JOBS. TWO YEARS AGO– BRISTOL VIRGINIANS RECEIVED DEVASTATING NEWS WHEN BALL CORPORATION CLOSED ITS DOORS– LEAVING MORE THAN 200 PEOPLE JOBLESS. NATS OF CONFETTI AND MUSIC BUT TODAY– GOVERNOR TERRY MCAULIFFE ANNOUNCED THAT FACILITY WILL REOPEN– BRINGING WITH IT NEARLY TWICE THE AMOUNT OF JOBS THAT WERE LOST IN 2015. “THIS PLANT HAS BEEN EMPTY FOR TWO YEARS. IT IS GOING TO COME BACK TO LIFE WITH – FORGET THE LOSS OF 200 JOBS, WITH 405 NEW, NICE PAYING JOBS.” A $19.9 MILLION DOLLAR INVESTMENT WAS MADE TO BRING IN AMERICAN MERCHANT. BRISTOL, VIRGINIA BEATING OUT SEVEN OTHER STATES. LORETTA LEE IS THE FOUNDER OF AMERICAN MERCHANT. “SUCH A WONDERFUL LAND AND POLITE ALL THE CITIZENS. SO I’M GRATEFUL TO FIND A HOME HERE.” THE COMPANY WILL MANUFACTURE HOME DECOR PRODUCTS. “ANYTHING THAT GOES INTO THE HOME. THEY HAVE A BIG BUSINESS BASED IN HONG KONG, THEY WANTED TO ACCESS THE U.S. MARKET SO WE WILL BE THE CENTER PLACE FOR THEIR UNITED STATES OF AMERICA MANNUFACTURING AND DISTRIBUTION.” MCAULIFFE SAYS DESPITE HAVING TO STEP IN A FEW YEARS AGO DUE TO FINANCIAL ISSUES AT THE FALLS RETAIL DEVELOPMENT JUST DOWN THE ROAD IN BRISTOL….. HE SAYS HE’S CONFIDENT THIS COMPANY WILL DO WELL AND SAID THIS IS GREAT NEWS FOR THE CITY OF BRISTOL. “I WOULD NOT HAVE RECOMMENDED THIS TO LORETTA BECAUSE THE STATE HAS IT’S REPUTATION ON THE LINE AS WELL – UNLESS THE CITY HAD THEIR AFFAIRS IN ORDER AND THEY DO.” MAYOR KEVIN MUMPOWER FOUGHT BACK TEARS AS HE THANKED EVERYONE FOR THEIR HARD WORK TO BRING THIS PLANT TO THE TRI-CITIES. “THIS CITY NEEDED THIS. THIS IS IMPORTANT.” IN BRISTOL, VIRGINIA KARISSA WINSTEAD NEWS CHANNEL 11 IN YOUR CORNER. WE’RE TOLD THE PLANT HOPES TO BE UP AND RUNNING BY NEXT OCTOBER.

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