RICHMOND - Governor Mark R. Warner today announced that Newmarket Trading Group, Ltd. will invest $600,000 to open a facility in Hanover County. The company will handle the removal, recycling and remarketing of aging personal computer (PC) assets, creating up to 100 new technician jobs within 30 months.
“Recycling electronic equipment is a vital service that can help bridge the digital divide,” said Governor Warner. “Newmarket Trading Group is the kind of business we want in Virginia: the company provides substantial environmental benefits and the opportunity for citizens to afford a refurbished computer. Hanover County offers a central location, ample labor force and the pro-business climate prevalent across the Commonwealth. I congratulate Newmarket and Hanover County on this partnership.”
Founded in 1999 and headquartered in Austin, Texas, Newmarket Trading Group, a privately-held company, specializes in IT asset recovery solutions. Newmarket assists companies in identifying the risks involved with IT asset disposal and provides solutions to minimize those risks.
“The Central Virginia area is the ideal location for Newmarket’s new East Coast Technical Center,” said Jeff Zeigler, President and Founder of Newmarket Trading Group. “The location in Hanover County places us within a day’s drive of most of our U.S. clients. The access to nearby shipping and transportation hubs provides us with easy exchange with our domestic and overseas customers. We’re also very pleased with the skilled workers in the region who’ll staff our new facility. We expect rapid growth in the near future and should be processing several thousand computers a day in early 2006.”
The Virginia Economic Development Partnership worked with Hanover County and the Greater Richmond Partnership to secure the project for Virginia. The Virginia Department of Business Assistance will support the project with training assistance through its Workforce Services Program.
"We are pleased with Newmarket's expansion and investment in our community, and are privileged to add this company to our growing list of corporate citizens that provide essential services in the technology industries,” said J.T. (Jack) Ward, Chairman, Hanover County Board of Supervisors. “On behalf of the citizens of Hanover County and the Richmond region, we welcome Newmarket and are committed to working with them to provide the quality business environment in which they can succeed and continue to grow their business."