July 21, 2024

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Progress 2021 The sky’s the limit in Martinsville and Henry County | Area Information

1 min read

And, ideally, a lot more good news is on the way.

As Heath claimed, “We have had far more guide requests for details in the past 6 or 7 months than in my memory.”

Pandemic influence

Each Health and Corridor claimed that the pandemic limits in the 1st 50 percent of the 12 months may well have presented organizations time to feel about — and make — long run options.

“The pandemic slowed down a lot of items about the earth, but it also may possibly have allowed firms to aim on what they needed and needed to do coming out of it,” Hall claimed.

Some of these corporations were being buoyed by loans by way of the Paycheck Safety System throughout the pandemic downturn. Much more than 90 organizations in Martinsville, Henry County, and Patrick County obtained among $150,000 and $5 million throughout the 1st round of PPP funding in the spring, permitting them to continue to keep workforce on the payroll and help you save 1000’s of nearby positions.

Much larger bank loan recipients provided Drake Extrusion, which obtained $2,052,400 and described preserving 195 positions, according to a database preserved by ProPublica and Utilized Felts, which obtained $1,715,200 and described saving 100 work.

Other providers with a existence in Henry County did not specify how a lot of area work they saved but gave a full for all of their areas. This incorporates Laminate Technologies, which received $2,664,090 and described conserving 216 positions amongst its places nationwide.

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