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Commonwealth of Virginia

Office of Governor Terry McAuliffe


August 8, 2017

Office of the Governor

Contact: Heather Fluit
Email: Heather.Fluit@governor.virginia.gov

Virginia Economic Development Partnership

Contact: Suzanne Clark
Phone: (804) 545-5806
Email: sclark@yesvirginia.org

Draftco, Inc.
Contact: Kevin Reed
Phone: (540) 337-1054
Email: kreed@draftco.us

Governor McAuliffe Announces Draftco, Inc.

Expansion in Augusta County
~ Company to invest $450,000 and create 16 new jobs ~
RICHMOND – Governor Terry McAuliffe today announced that Draftco, Inc., a machine and
fabrication shop, will invest $450,000 to expand its manufacturing operation in Augusta County.
The company will make improvements to its quality inspection room and purchase new
machines and welding and testing equipment. The expansion will create 16 new jobs.

“Draftco has maintained a strong reputation in Augusta County for more than 50 years, and
continues to contribute to the expansion of the Commonwealth’s advanced manufacturing
industry,” said Governor McAuliffe. “To succeed in diversifying and building the new Virginia
economy, it is critical to support companies of all sizes, including small businesses like
Draftco. I am pleased Draftco will benefit from our jobs services program that helps provide a
pipeline of skilled talent to the Commonwealth’s new and existing companies.”

Draftco, Inc., founded in 1965 and located in Stuarts Draft, is a fully equipped precision job shop
with highly skilled craftsmen who have the capabilities to meet most any need involving
conventional machine work, Computer Numerical Control machine work, welding and
fabrication work, sheet metal fabrication, and machine and equipment building.

“Augusta County fosters an outstanding business climate for industries of the 21st century, and
Draftco’s long history in Augusta is a testament to the assets of the region and the
Commonwealth,” said Secretary of Commerce and Trade Todd Haymore. “We commend the
company’s decision to invest further in Virginia’s manufacturing base, which is home to nearly
6,000 employers, and we wish them continued success and growth in the future.”

“Draftco’s increase in capacity and capability is in support of the forecasted rise in national
defense spending and local customer needs,” said Kevin Reed, Quality Manager, Draftco Inc.
“Draftco has recently taken on additional leadership and is excited about the changes and
prospects which lie ahead. The work ethics of the folks in the valley, coupled with the skills and
training many of our employees received through Valley Career and Technical Center and Blue
Ridge Community College have contributed to Draftco’s success, as a competitive and capable
machining and manufacturing ‘build to print’ company. The support of the Virginia Economic
Development Partnership will certainly aid in our planned growth. These are exciting times for
Draftco and we are certain that our future growth will be beneficial to Draftco and to our friends
in the Valley.”

The Virginia Economic Development Partnership will support Draftco’s new job creation
through its Virginia Jobs Investment Program (VJIP). VJIP provides consultative services and
funding to companies creating new jobs or experiencing technological change to support
employee training activities. As a business incentive supporting economic development, VJIP
reduces the human resource costs of new and expanding companies. VJIP is state-funded,
demonstrating Virginia’s commitment to enhancing job opportunities for its citizens. Augusta
County will match the VJIP funding awarded to the company to support the expansion project.

Tracy Pyles, Chairman of the Augusta County Board of Supervisors said, “With a rich
history vested in Augusta County, Draftco, Inc. has served as a leading machine and fabrication
shop since the mid-1960s. Having the chance to have home-grown jobs harvested by our eager
and well-prepared young people brings a great since of pride to the County Board.”

“We look forward to following the growth of Draftco and the new opportunities created by this
expansion, which will bring 16 new positions to the citizens of Augusta County,” said Mike
Shull, Member of the Augusta County Board of Supervisors and representative of the
Riverheads District where Draftco, Inc. is located. “Manufacturing is Augusta County’s
largest employment sector, and it is expansions like this that maintain our strong reputation as a
center for manufacturing.”
“Draftco exemplifies a long-standing community business that provides skilled manufacturing
jobs, good stable pay, and economic growth opportunities for our area,” said Senator Emmett
Hanger. “I am pleased the Commonwealth can assist with this expansion and insure the
company’s vitality for another 50 years of business.”

“I am thrilled to hear that Draftco, Inc. has decided to invest $450,000 to expand its
manufacturing operation in Augusta County,” said Delegate Ben Cline. “Draftco’s decision to
expand is a testament to Augusta County and the availability of a skilled workforce in the
Shenandoah Valley which allows for industries to grow and prosper. I thank Draftco for its
continued commitment to our part of Virginia.”