RICHMOND (WSLS 10) – Bassett Furniture announced that due to increasing demand it will expand its Henry County operation with 22 new jobs and a $1.5 million investment in new equipment. Bassett currently operates 91 stores across the country with plans to have 95 stores open by the end of the year.
The new positions will be located at the company’s corporate offices in Bassett, at the Bench Made production line, also in Bassett, or at their Martinsville table plant known as Plant 11. The capital investment will include the purchase of a new finishing system for the Martinsville location, expansion of the Bench*Made operation, which produces
The investment will include the purchase of a new finishing system for the Martinsville location, expansion of the Bench*Made operation, which produces custom-made solid red leaf maple furniture, and upgrades to the company’s corporate offices.
The Tobacco Commission awarded a $95,000 Tobacco Region Opportunity Fund grant to assist with the expansion in addition to $53,502 in Enterprise Zone grants from Henry County.
Tobacco Commission member, Senator Bill Stanley said, “Bassett Furniture has always been a firm cornerstone of Southside Virginia in every way, for so many years. Since the day it was founded, Bassett Furniture has never wavered in its commitment to the people in our region, and remains to this day as the premiere name in furniture manufacturing. The Tobacco Commission is proud to support this great company as it expands its operations in Henry County.”
Mark Heath, President and CEO of the Martinsville-Henry County Economic Development Corp. added, “With today’s announcement, Bassett Furniture continues its remarkable turnaround in a globally competitive market. For more than 100 years, Bassett has been a market leader, and we are thankful for its continued investment and growth in Martinsville-Henry County.”