Danville, VA - Governor Bob McDonnell was at the Institute for Advanced Learning and Research in Danville Friday morning to announce a company bringing in 120 new jobs.
North American Mold Technology will also invest over $4 million. The company will produce and refurbish molds to make tires, and they will be helping a lot of people here in Danville along the way.
McDonnell traveled from the capitol to Danville to help announce a new company opening their doors.
"This is another step in dropping that unemployment rate and bringing that access to the American dream to people young and old," said McDonnell.
North American Mold Technology will bring in 120 new jobs and a lot of hope for struggling southside families.
"It means some family is going to have new opportunities for themselves," said McDonnell.
Owner and President William Gentry is no stranger to Danville businesses. He owns Piedmont Precision Machine and Golden Leaf Bistro. This newest venture focuses on producing and refurbishing molds used to make tires.
"I love the people in Danville. I love the workforce, it's my home," said Gentry.
Gentry says he had options in Virginia, Tennessee, and Ohio to start the company. But with the Governor's $250,000 grant as well as Tobacco Region Opportunity Funds, Danville seemed like the best choice.
"We are doing good things here in Danville that will not only help us in our city but it will also help the state of Virginia," said Mayor Sherman Saunders.
Gentry says the job openings should be easy to fill because Danville Community College already trains for precision machinery.
"Danville is really the epicenter of the new Southern Virginia and this is another example of it today," said McDonnell.
Within a few months, Gentry hopes to start manufacturing in the former Corning building and bring it back to life with a new business.
Gentry says he will be accepting applications in a few weeks at that former Corning building.
Meanwhile, sources say there will be another economic development announcement coming in the next month.