Broad Bay Cotton Co., a producer of textile products for many colleges, is expanding and relocating in Virginia Beach.
The company, currently located on Thurston Avenue, is relocating operations to 8,000 square feet of space at 2601 Reliance Drive.
According to the city, there are 10 jobs associated with the expansion, within a 48-month timeframe, that would pay an average annual salary of $30,000.
Broad Bay Cotton plans to make a capital investment of $127,000 for furniture, fixtures and equipment. The Virginia Beach Development Authority has awarded an APZ-1 Economic Development Investment Program grant in the amount of $10,000 based on the company’s capital investment. The new location is within the city’s YesOceana business area.