Avid Medical to double its JCC Operations
Date: June 27, 2006
FOR IMMEDIATE RELEASE
Jody Puckett - James City County (757) 253-6605
Michael Sahady - AVID Medical, Inc. (757) 564-7153
Open for business since 1607 ― Now that’s an American success story!
James City County, Virginia
James City County, Virginia, and its Economic Development Authority (EDA) are pleased to announce that AVID Medical, Inc., will undertake a $7.9-million expansion of its plant at Stonehouse Commerce Park. This medical products company, formed in the County in 1997, plans to double both its existing 90,000 square foot facility and its 300-person work force, growing to more than 600 employees over the next three years. The expansion facility is expected to be completed by early 2008.
According to Michael Sahady, President, CEO and founder of AVID Medical, “The Company has experienced phenomenal growth in both its customer base and order volumes during the past year, driving our need for more production capability. We expect to do $100 million in sales this coming year.” AVID manufactures, markets and sells medical devices and sterile procedure-ready kits for less-invasive cardiovascular and peripheral catheter procedures in the health care industry.
“With this announcement, AVID will have nearly an $18-million capital investment in James City County,” said Stonehouse District Supervisor Andy Bradshaw. “Once AVID’s facility addition and job ramp-up are complete, they will be one of our largest industrial operations here,” noted Bradshaw.
“Business retention is a top priority for us,” stated County Economic Development Authority Chair Virginia Hartmann. “The fact that AVID was founded here eight short years ago and is already expanding a second time is a strong testimonial about James City County's business climate and assets,” she concluded.
Sahady credited James City County's economic development team which includes the Virginia Economic Development Partnership (VEDP) and Department of Business Assistance (VDBA) for its proactive assistance during the company’s expansion deliberations. “AVID considered several West Coast locations for this expansion need,” said Sahady. “We made our choice based on the strong integrated pro-business attitude and sincere concern shown us consistently by the State and County economic development groups ever since we opened our doors here.
James City County's EDA and Service Authority will provide assistance with AVID's expansion, site acquisition and infrastructure expansion at Stonehouse Commerce Park. The VEDP has approved a Governor’s Opportunity Fund grant and the VDBA will provide workforce services assistance with the employment ramp-up.