On Tuesday (July 16th), two Rome area businesses announced that they will jointly add about 70 jobs in Floyd County.
Stemco Brake Products Group and Syntec Industries were both approved incentives to reduce the tax burden for five years for the expansion.
The companies will not have to pay taxes on maintenance and operations.
Syntec will create some 20 new jobs with a $7.7 million expansion – while Stemco will create 50 additional jobs with a $6 million expansion.
Stemco purchased Rome Tool & Die in 2011, and is a leading supplier of new brake shoes to the aftermarket. Syntec is a leading supplier of carpet, and several other market-specific products, to companies in the Marine, Manufactured Housing, Multifamily Housing and Recreational Vehicle Markets.
(Coosa Valley News)