Tod's chief executive, Diego Della Valle, has announced that the company will fund the building of a manufacturing center in Arquata del Tronto, one of the Italian villages hit by the earthquake in August. Arquata is located in the Marche region, where Tod's has its headquarters. The announcement was made by Della Valle during a visit to Tod's headquarters by Italy's Prime Minister, Matteo Renzi. The new factory, which will produce shoes for the Tod's brand, is expected to be open within a year. Tod's plans to hire young workers from Arquata and the surrounding area. They will be trained at Tod's plant in Comunanza, around 40 km from Arquata.