VT Industries completes 40,000 square foot expansion
A firm that makes a variety of architectural wood doors, laminate countertops, butcher block countertops and similar products has recently completed a 40,000-square-foot expansion to its facility in West Rome.
Holstein, Iowa-based VT Industries began their operations in Rome in 1990. The facility is at 1351 Redmond Circle.
The current expansion is in partnership with New Line Tops LLC. The extra space will be largely devoted to laminate countertop lines for both residential and commercial use.
The VTI Georgia expansion was facilitated by two bonds: $26.4 million for equipment and $6.1 million for real estate for a total of $31.1 million issued through the Rome-Floyd County Development Authority.
A 10-year payment of $38,875 a year will be made to the authority. The taxes concerning the expansion will be abated for 2022 but the amount paid will increase by 10% increments in each of the following years.
The first year of full tax payments will be 2032, RFCDA President Missy Kendrick said.