SUFFOLK, VA | Welspun USA Inc. plans to occupy will occupy 200,000 square feet of space at a new speculative building in Suffolk, recently completed by Panattoni Development. Welspun manufactures bath towels, rugs, bedding, and robes that can be found at Costco, Walmart, Macy's, Bed Bath and Beyond, Kohls.
The Economic Development Authority on Wednesday approved an Economic Development Investment Program grant for the company. The grant will total $175,000 in two phases if the company meets requirements including square footage and investment in equipment and employment.
Welspun plans to invest more than $1 million in equipment and provide employment to 16 people.
They will ship their products through the Port of Virginia on their way to the Suffolk facility to be distributed to retail and hospitality customers.