Business & Economy

Industrial

Carroll County Industrial Park

The Carroll County Industrial Park is a fully developed 100-acre facility. Wildwood Commerce Park is a collaborative project among Carroll County, the City of Galax, and Grayson County through the Blue Ridge Crossroads Economic Development Authority. BRCEDA made its initial purchase of the industrial park site in 2011 and development has progressed since that time. Wildwood is one of seven “megasites” in Southwest and Southside Virginia and is one of the Virginia Economic Development Partnership’s strategic sites. Today, the site includes 270 acres with 115 currently graded acres, located immediately at Exit 19 of I-77, thirteen miles south of I-81, twenty-four miles north of I-74, and seventy-five miles north of I-40. Wildwood is located within HUB and Virginia Enterprise Zones and offers superior interstate access. A regional general aviation airport is located within 2 miles.
Size: 100 Acres Subdividable
Terrain: Level to gently rolling. 100% cleared.
Comprehensive Plan Designation: Industrial
Nearest Interstate: I-77, .2 mile
Nearest State Hwy: US 58/221. .1 mile
Electricity: 34.5kv
Water: 10″ line on site
Waste Water: 8″ line on site; 100,000 GPD capacity
Solid Waste: Public landfill 2 miles away (on site pickup by private contractor)
Soil Borings Available: Yes
Price Per Acre: $10,000
  • 96- and 22- acre graded pads
  • Superior interstate access & located strategically among three interstate intersections
  • Due diligence studies complete
  • Construction of utilities underway and scheduled for 2014 completion
  • Virginia Enterprise & HUB Zones and within Virginia Tobacco Region

Wildwood Commerce Park is a collaborative project among Carroll County, the City of Galax, and Grayson County through the Blue Ridge Crossroads Economic Development Authority. BRCEDA made its initial purchase of the industrial park site in 2011 and development has progressed since that time. Wildwood is one of seven “megasites” in Southwest and Southside Virginia and is one of the Virginia Economic Development Partnership’s strategic sites. Today, the site includes 270 acres with 115 currently graded acres, located immediately at Exit 19 of I-77, thirteen miles south of I-81, twenty-four miles north of I-74, and seventy-five miles north of I-40. Wildwood is located within HUB and Virginia Enterprise Zones and offers superior interstate access. A regional general aviation airport is located within 2 miles.

Due diligence studies(environmental, wetlands, cultural resources, geotechnical) are complete and clear sites 2, 3 & 4 for development. Site 1 due diligence is also completed and ready to be permitted for development.

Utilities- Completion of all public utilities- water, wastewater, fiber communications- and an access road is scheduled for mid-2014. Appalachian Electric Power is scheduling extension of distribution improvements to provide a 34.5kV alternate feed circuit during 2013 and 2014. Carroll County is currently designing the extension of natural gas service to Wildwood from the tapping station located approximately two miles west of the site.

Potential Business & Industry Sectors include:

Agricultural & food products processing
Information technology & professional services
Advanced wood & fabric products manufacturing
Components manufacturing (automotive, aerospace, medical, communications)
Distribution & logistics

 

Major Employers

Major Employers in & Around Hillsville Product Location Average Number Employees
Parkdale Magnolia Spun Yarn Advanced Technology Drive 375-400
Parkdale Magnolia Spun Yarn Industrial Park Drive 41
Carroll County Government Services Pine Street 189
Mohawk Industries Carpet Backing Floyd Pike 155-160
Ameripumps Pump Manufacturing Industrial Park 125
Barker Microfarads Electrolytic Capacitors Mill St., Hillsville 125
Mt. Rogers Industrial Misc. Textile Industrial Park 50-75
Classic Creations Screen Printing Industrial Park 50-75
Carter Machinery & Tools (Caterpillar) Mining Machinery Raintree Road 75
Trinity Mission Nursing Home Fulcher Street 75
Va. Produce Company Produce Distributor Expansion Drive 75
Turman Sawmill Millwork, Lumber Expansion Drive 60

Labor Analysis

  • Radius of labor drawing area: 30 miles
  • Estimated workers available: 1,700
  • Unemployment rate: 5.5% – October 2007
  • Work stoppages in last 5 years: 0
  • Degree of unionization: 0%
  • Right-to-work Law: Yes
  • Wage/Labor Survey available: Yes

Taxes

Real Property
Carroll County: $0.68 per $100 of Fair Market Value
Hillsville: $0.22 per $100 of Fair Market Value
Machinery and Tools
Carroll County: $1.30 per $100
Hillsville: $0.72 per $100
Valuation Method: 100% of Fair Market Value
Merchant’s Capital
Carroll County: $2.30 per $100
Valuation Method: 30% of cost
Personal Property (includes Business Equipment)
Carroll County: $1.60 per $100
Hillsville: $0.72 per $100
Valuation Method: 100% of NADA loan value
Utility Taxes (Electricity Only)
Residential: 20% of first $15 of monthly bill
Commercial: 20% of first $100 of monthly bill
Industrial: 20% of first $200 of monthly bill

Financial Institutions

Hillsville is served by five banks, with statewide assets of over $28 billion. Financial assistance for constructing or expanding industrial facilities is available from a variety of public and private sources; among them are the Carroll County Industrial Development Authority, which can arrange industrial revenue bonds, and the Carroll Industrial Land Corporation, which can arrange private financing packages.

Sales Tax

4.3% state plus 1.0% local. Items purchased for direct use or consumption in manufacturing are tax-exempt. Certified pollution control facilities and equipment used primarily for pollution abatement are also exempt.

Meals Tax

8.0% Meals Tax on the purchaser of every meal served, sold or delivered in the Town of Hillsville by a restaurant or caterer.

Transient Lodging Tax

8.0% tax on each transient of the amount paid by lodging by or for any such transient to any hotel.

More Information

For information on Hillsville zoning, infrastructure or real property information visit WebGIS.

For more Economic Development information contact hillsville@townofhillsville.com.