Broad Bay Cotton Company has been in business in Virginia Beach since 1989. The company produces a variety of textile products such as backpacks, bags, aprons, and scrubs in addition to custom wood-based products such as plaques, trays, cutting boards, skateboards, etc. The company will expand its operations at 2601 Reliance Drive in Virginia Beach with a 7,000-square-foot lease.
The company is licensed to produce and sell its products to 60 colleges and universities nationwide and is well established with the National Collegiate Athletic Association. Until 2008, the company did more than 95% wholesale business to 4,000 stores around the country but has since pivoted toward direct consumer sales through Amazon, Walmart.com, and Ebay.
“We know this company looked at several locations for the expansion, and we’re pleased to keep this manufacturer and corporate headquarters in Virginia Beach,” said Virginia Beach Economic Development Director Warren D. Harris. “The company’s continued investment in Virginia Beach helps build our strong small business community in the Oceana business corridor.”
Broad Bay Cotton Company will make a capital investment of $127,000 for furniture, fixtures and equipment for the expansion. 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 since the location is within the YesOceana footprint.
“Adding more colleges and designs will always be a significant path of growth for Broad Bay,” said Jim Marx, owner. “Most growth will likely come from online sources in the future, and Broad Bay is solidly in place to take advantage of this trend. Additionally, the company’s ability to do personalized designs through Amazon has done extremely well and presents even more opportunity for Broad Bay to stand apart.”
The mission of the Virginia Beach Department of Economic Development is to attract and retain national and international businesses to stimulate capital investment and create jobs. Virginia Beach is the most populous city in Virginia with a population of 450,000, and it is the 37th largest in the United States. The Department of Economic Development received re-accreditation through the International Economic Development Council in 2016 and is one of only 50 economic development organizations in the world to have this recognition. Most recently, Virginia Beach was named America’s #1 best big city to live in by wallethub.com. For more information, visit www.yesvirginiabeach.com.