According to the Business First of Louisville, Kimball selected the location because of the availability of skilled furniture workers with sewing, upholstery and design experience.

“This new operation represents our commitment to enhance Kimball Hospitality’s capabilities in pursuit of growth and additional market share,” Kimball International president and CEO Jim Thyen said the release. “We believe this combination of the area’s experience and dedication to excellence, along with our existing global presence and financial strength, will not only support our growth strategy but also add increased value to both new and existing customer relationships.”

Kimball Hospitality is a division of Kimball International Inc., which is based in Jasper, Ind. The company’s furniture is used in hotels, resorts and casinos and its line includes ottomans, lounge chairs and sofas.

The new facility will be used for administrative offices, a showroom and production facilities.

Intersections Inc., which provides consumer and corporate identity-risk management services, is headquartered in Chantilly, Virginia and has served more than 30 million customers, according to a press release from the governor’s office.

“We are pleased to expand our customer service department and to create more solid jobs in Virginia,” said Michael Stanfield, CEO of Intersections. “Given its high-quality, stable work force, Altavista is a perfect location for our new center.

The Virginia Economic Development Partnership worked with Campbell County, the Town of Altavista and Region 2000 to secure the project for Virginia. The Virginia Tobacco Indemnification and Community Revitalization Commission approved $100,000 in Tobacco Region Opportunity Funds for the project. The Virginia Department of Business Assistance will provide training assistance through the Virginia Jobs Investment Program. The company is also eligible to receive a Major Business Facility Job Tax Credit.

The cuts are being felt the hardest in the areas of education and health. Executive director of the Commonwealth Institute for Fiscal Analysis, Michael Cassidy, pointed out that the cuts will translate to a loss of $2 billion in economic activity, which will amount to a $130 million reduction in state tax revenues.

Governor Bob McDonnell had hoped to create 29,000  jobs from his economic package, yet the losses from the budget far surpass that best case scenario.

International Paper is headquartered in Memphis, Tennessee and employs 51,000 people globally. It is the largest pulp and paper company in the world.

Basset Furniture was founded in 1902 and today employs over 1300 people in the US, Puerto Rico and Canada.