VSS Inc. continues expansion with $1.9 million bond through state program

Staff Writer
Published: 7/29/2018 10:35:14 PM

GREENFIELD — VSS Inc., formerly known as Valley Steel Stamp, is expanding with the assistance of a $1.9 million bond through the state.

The money will go toward the construction of a 17,500-square-foot building at the Industrial Park, which will increase the company’s footing there by nearly 40 percent, to a total of 45,000 square feet.

President Steve Capshaw said this move will help the company grow to a hundred employees over the coming years. Currently, VSS employs 60 full-time workers, he said, and is consistently hiring. According to the state, the project will create nine jobs in the immediate future in addition to 13 construction jobs.

It’s been a long time coming, Capshaw explained, because his company has been “bursting at the seams for a year or so.”

The bond is through MassDevelopment, the state’s finance and development agency, and will be administered through Greenfield Savings Bank’s Securities Corp.

“For more than 40 years, Valley Steel Stamp has been a key part of the western Massachusetts tradition of high-quality precision machining, and this company has grown to become a major player in the sector,” MassDevelopment President and CEO Lauren Liss said in a statement.

Capshaw, who alongside his father, William, has run VSS since 1971, has taken out similar types of bonds in recent years to build at the Industrial Park.

The current addition is already underway, having broken ground about a month ago, he said, and the goal is to complete it by October. The building will help VSS do what it’s always done, Capshaw explained, “make more and hire more.”

The building is being built for aerospace efforts by the company, specifically for work relating to commercial jet engines.

“The intention is more machines, more contracts, more people,” Capshaw added.

Although Capshaw is excited to have more space to continue the company’s work, he said there were issues he ran into with Greenfield’s Conservation Commission. There were questions about how close this addition was going to be built to apparent wetlands, eventually causing VSS to re-engineer the design, he said.

It’s important to him to stay in Greenfield though, despite questions he has raised in the past over the split-tax debate and now with the Conservation Commission, because this company has been Greenfield through-and-through and is a central location for his workers to commute, he said.

The new facility will also allow the company to move some of its raw materials stored around the city to this building.

Capshaw also hopes to look at large-scale solar for the facility, so it can increase efficiency.

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