Solution Matrix, Inc., a leader in cold-therapy products for the health care industry, will relocate its headquarters and manufacturing operations from Pennsylvania to Franklin County. The company expects to be in operation by November 2011.
The company will invest $2.25 million in building and equipment, constructing a 25,000-square-foot facility on a 4.27 acre site in the Franklin County Commerce Center along US Highway 220 south of Rocky Mount. Employment is projected to be 80 within three years.
Positions will range from production workers to managers and the average annual wage for all jobs will be between $20,800 and $37,440.
“The business climate and market access inherent in a Franklin County, Virginia, location will help our company manage its growing market share,” says Keith Marshall, president of Solution Matrix. “Franklin County also offers an experienced and motivated work force.”
Privately held Solution Matrix designs, manufactures and sells cold-therapy products used by hospitals, physical therapists and other health care providers post-surgery for joint replacement or rehabilitation from acute sports and other orthopedic injuries.
“Solution Matrix is a growing business and market leader," says Charles Wagner, chairman of the Franklin County Board of Supervisors. "It is the kind of state-of-the-art company we seek to attract to Franklin County and our community is pleased to welcome another health science company to the Commerce Center."
“We are delighted to welcome a medical equipment manufacturer to the region," says Beth Doughty, executive director of the Roanoke Regional Partnership. "It strengthens this growing cluster."
The company will receive a $150,000 grant from the Virginia Tobacco Commission, $50,000 performance grant from Franklin County, and training funds from the Virginia Department of Business Assistance. For information on the company visit here.