idX Corporation, an international manufacturing company, will invest $7.2 million to establish its Virginia operation in Spotsylvania County, Virginia Governor Terry McAuliffe announced.
The Fredericksburg Regional Alliance worked with The Virginia Economic Development Partnership and Spotsylvania County to secure the project.
Governor McAuliffe approved a $400,000 grant from the Commonwealth’s Opportunity Fund to assist Spotsylvania County with the project. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
Virginia successfully competed against Maryland and North Carolina for the project, which will create 150 new jobs in Spotsylvania.
idX Corporation is buying the former General Motors Fredericksburg Powertrain facility from the RACER Trust, an entity created by a federal judge in 2009 as part of a bankruptcy agreement to create redevelopment opportunities for former GM sites that were turned over to the government. The 77-acre facility in Spotsylvania includes 250,000 square feet of industrial space.
The company provides quality millwork, fixtures, décor, and graphics to its customers, and offers manufacturing in all materials, including acrylic, glass, laminates, metal, upholstery, veneers, and wood.
idX has manufacturing facilities across North America, and locations in Asia, Europe, and the Indian subcontinent.