AUGUSTA COUNTY -- Disappointing numbers on Wall Street Thursday, but investors fears aren't keeping some parts of the Valley from growing. Some big businesses are opening and jobs are here.
In terms of economic growth, the past year for Augusta County, Staunton and Waynesboro has been nothing more than positive. One company said ,it's because of the community and its people.
Ken Bryant is with Dascom America. It's just one business in the area expanding.
"One of the real selling points to Augusta County is the people"
The company will build a new 10 acre manufacturing plant in Augusta County. Possibly adding around 20 new jobs in the process. The reasons for moving to Augusta County are no brainers.
"Proximity to the interstate is a good thing. It gives us logistical advantages, being able to bring product in. The beautiful land here. It's a spacious area. I think the passion of people who tried to bring us here," said Bryant.
The past year the three areas have made strides to become a thriving place for economic development. 4,278 building permits were given with active construction sites.
$147 million in investments by expanding businesses and creating 582 jobs.
Dennis Burnett is the Economic Development Director in Augusta County. He said the time to start or expand a business is now.
"We have one of the lowest corporate tax rates in the nation. In addition to that, we have very low property tax, very low machinery tool taxes. We have also some of the lowest utility per kilowatt hour that you're gonna find," said Burnett.
Along with businesses staying local, most are growing to new heights.
"We are experiencing unemployment numbers, as a region, that are lower than they've been since 2006," said Burnett.
The three areas also rank 13th in the top micropolitan economies in Virginia.
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