BEDFORD COUNTY, Va. (WFXR) — Valtim, a marketing company in Bedford County announced plans to invest $75,000 in their operations, adding eight new jobs over the next three years.
“Due to client demand and an industry shortage in envelope production, we are vertically integrating, bringing more industry solutions under one roof to better serve our customers. We can now do larger production runs – from the thousands to the millions – with quicker turnaround.”Tim Hamilton, President and CEO of Valtim
The company, founded in 1986, has 96 full-time employees and plans to grow its capacity to produce envelopes with the purchase of new equipment and the hiring of new employees.
Tracie Blido, the economic development director for the Bedford County Economic Authority, said that by adding new machinery and new jobs, the company is making an economic impact on the area.
“When companies add machines to their floors, they pay a tool and machine tax which goes to support schools and county services,” Blido said.
The Economic Authority has an agreement with the company to track their performance over the next three years. A small incentive is offered based on their investment and the number of jobs they create.