Fortune 100 company moving to Valdosta - WALB.com, South Georgia News, Weather, Sports

Fortune 100 company moving to Valdosta

March 24, 2008

Valdosta - 2007 was a banner year from Valdosta Manufacturers.

"We announced 13 new projects, about 850 new jobs and about $85 million is new capitol investments," says Brad Lofton of the Valdosta-Lowndes County Industrial Authority.

But the Authority says that's nothing compared to their goals for 2008, largely thanks to a new manufacturer that's moving to town.

"We just closed last week on an extremely large project that will be one of the largest in the state," Lofton says.

Although they can't say who it is, they did tell us it's a Fortune 100 company that will create 600 new jobs.

"This should be about 90% of the total job created last year in just one project!"

That's good news to for the Valdosta economy.

The Industrial Authority says a combination of the new business and other projects expected to come online soon will combat the climbing unemployment rate in South Georgia and Northern Florida. 

"A lot of our projects are now under construction and should be at a point in the next 60 to 90 days to begin really hiring a lot of people," Lofton says.

Overall, the Authority hopes to create 1,500 jobs this year.  They expect to announce the name of the new business in the next five days.

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