Though Floyd County’s population is only about 15,000, there is a labor force of over 350,000 people within a 30-mile radius of the County. The average weekly wage for the 2,800 people employed inside the County is about $500, the 5th lowest and Virginia and among lowest 5% in the U.S. There is an excess labor pool in Floyd County, with over 60% of the labor force out-commuting.

 

logo_advancedmaterials_HVHollingsworth & Vose
“is a global manufacturer of advanced materials for filtration, battery, and industrial applications.” Their R&D Center of Excellence for North America is located in Floyd along with production facilities. The Floyd facility first opened in the mid 1970’s and they have recently announced yet another expansion.
{Content copied from company website on December 31, 2013.}

 

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