Will Galax Virginia Printing Company Break Tobacco Commission Losing Streak?
Compiled by Lewis Loflin
The taxpayers are again handing out big money with promises of more jobs. The Tobacco Commission has a very poor record on these deals, let's hope this one works out. I will let the record stand as we monitor this issue. I wish Carolina Profile Design the best.Basics: Carolina Profile Design is a private company categorized under Photolithographic Printing and located in Galax, VA. Our records show it was established in 1990* and incorporated in North Carolina*. Current estimates show this company has an annual revenue of less than $500,000 and employs a staff of approximately 1 to 4. Ref. http://www.manta.com/c/mm88bb2/carolina-profile-design
It has been here 20 years and has about 4 employees? Posted April 20, 2010.
10/26/2009 Article #2676
RICHMOND 'Carolina Profile Design Corp., a lithographic commercial printing company, will invest $3 million to expand in Grayson County, creating 55 jobs. The company will add a metal machining process to its existing operations. Virginia successfully competed with Illinois, North Carolina and Pennsylvania for the project.
"Carolina Profile Design has been a corporate staple in Grayson County since 1990,' Governor Kaine said. "This expansion will enable the company to manufacture high-end metal parts for machinery and after-market products that are in demand around the world. In a region that has been hit by economic the downturn and offers an available workforce, 55 new jobs are significant.'
Carolina Profiles began in 1990 as a machine shop with considerable capability in designing plastic recycling equipment. The company now operates both a sophisticated machine design and production shop and some specialized commercial printing.
The Virginia Economic Development Partnership worked with Grayson County and Virginia's aCorridor to secure the project for Virginia. Governor Kaine approved a $100,000 grant from the Governor's Opportunity Fund to assist Grayson County with the project. The Virginia Tobacco Indemnification and Community Revitalization Commission approved $150,000 in Tobacco Region Opportunity Funds for the project. The Virginia Department of Business Assistance will provide training assistance through the Virginia Jobs Investment Program.
Carolina Profile Design, 1056 Edmonds Road, Galax, VA 24333, Phone (276) 236-7184
Posted for April 20, 2010:
- The Virginia Tobacco Commission (TICR) pours millions more down the corporate welfare rathole again:
- Sustainable Woods wood-processing facility in Castlewood not sustainable, another waste of tax dollars
- A Critical Look at Appalachian Sustainable Development
- Rebuilding of Appalachian Harvest's packing, grading facility nearing completion
- Will Galax Virginia Printing Company Break Tobacco Commission Losing Streak?
- Tobacco Commission Promised 60 new jobs, Lost 50 Jobs Instead
- The Virginia Tobacco Commission and NanoChemonics of Pulaski, Virginia
- Corporate Socialism and Pinnacle Wood Products
- Bush Industries closing St. Paul furniture plant
- More Stupidity from VCEDA in 2005
- Exposing the Virginia Tobacco Commission Part 1
- Exposing the Virginia Tobacco Commission Part 2
To quote an internal audit of the Virginia Tobacco Commission in 2008:
Given the existing state of the Southside and Southwest economies, it is fair to ask whether the expenditure of over $400 million by the TICR since the year 2000 on "regional transformation" projects has had the desired transformative effect on the regions...Despite this spending, population in the region continues to decline, wage rates still lag behind the rest of the state, there is persistent high unemployment and poor educational attainment is still endemic.
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