Brown Street, Vermont Tubbs remain closed
Thomas Russell -- Furniture Today, November 28, 2012
WHITEFIELD, N.H. - The manufacturing operations of case goods producers Brown Street Furniture and Vermont Tubbs remain closed as the owners continue to pursue options to reopen the business.
Owners Kyle and Adam Tager have been attempting to restart the business through application to a federal EB- 5 visa program that allows foreigners to invest in a U.S. company in exchange for citizenship rights.
The brothers have pursued that alternative since the summer of 2011, but are still waiting on a response from the federal government.
"We have just been waiting for approval on the investment program, which has taken longer than we would like it to take," said Adam Tager. "It is still in process at this point."
The company ceased operations in July at its Whitefield plant, which put about 50 remaining employees out of work.
"We held out for as long as we could," Adam Tager said, adding that the company produced and shipped as many orders as it could while the plant was open. "We realized along with our lender that this (foreign investment) wouldn't happen anytime soon."
Tager said the building still houses production equipwment and that the company is keeping various permits active in the event that the facility can reopen soon.
If that happens, he said, he is confident the company could recruit area workers for the operation, which makes solid wood bedroom furniture.
However, he could not predict when or if the furniture manufacturing might resume. In the meantime, the Tagers continue to run Mystic Valley Traders, which produces bedding, fabrics and decorative pillows in Woburn, Mass.
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