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HADCO pledges $50,000 to Wayne County plant

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PRICHARD, WV -

By JAMES E. CASTO

For The State Journal

 

The Huntington Area Development Council recently announced a $50,000 commitment to the recently announced expansion by Allevard Sogefi auto parts plant in Prichard. 

"Allevard Sogefi's faith in Wayne County and West Virginia is obvious by the commitment of $20 million for this expansion. This $50,000 commitment by HADCO reflects our continued support of Allevard Sogefi and area business," HADCO President Gary Walton said in a prepared news release. 

Troy Thomas, general manager of Allevard Sogefi, commented during the Nov. 12 announcement of the expansion, that over the years HADCO and Wayne County have provided the kind of support necessary for Allevard Sogefi to commit to an expanded presence at Prichard. Thomas said he looks looked forward to continuing a strong partnership. The new expansion plan at the auto parts plant is expected to create 250 jobs over the next five years. 

HADCO and the State of West Virginia originally recruited Allevard Sogefi in 2002 to occupy a 50,000 square foot building "shell building" that had been constructed to attract business to the area. The company currently leases a 214,000 square foot facility from HADCO. At the time, HADCO sought and received a $900,000 grant for the purchase of equipment. 

In its 20-year history HADCO, in partnership with the Wayne County Commission and the Wayne County Economic Development Authority, has helped to obtain continued funding support for Allevard Sogefi, as well as other businesses. It also has constructed several buildings, which have been sold or leased to area businesses. Two of these facilities are in Prichard and are the homes of Okuno International and Harbor Steel. Currently HADCO is marketing a 100,000 square foot facility at Lesage in Cabell County.

While pledging $50,000 to Allevard Sogefi, HADCO itself has received a donation of $20,000 from Chase Bank. The donation was announced Nov. 22 at a ribbon-cutting ceremony for Chase's newly renovated banking lobby at its downtown Huntington bank. HADCO President Walton said the grant would go to the commission's workforce development program.