RICHMOND - Governor Mark R. Warner today announced that Ford Motor Company will build a regional parts distribution center in Frederick County’s Coca-Cola Industrial Center. Through a $13.3 million investment in land, building and equipment, the company will create 95 new jobs. Construction on the initial 250,000-square-foot facility will begin in May 2003 and is scheduled for completion in November 2003. Virginia successfully competed with Maryland for the project.
RICHMOND - Governor Mark R. Warner today announced that Intertape Polymer Group Inc. (IPG) will expand its existing operations in Pittsylvania County. Through an investment of more than $5 million over the next 30 months, IPG will construct a new 200,000-square-foot facility in the Ringgold West Industrial Park and create 50 new jobs. Virginia successfully competed with other IPG locations for this expansion.
PRINCE EDWARD COUNTY - Governor Mark R. Warner today announced that Carbone Kirkwood LLC will expand its existing operations in Prince Edward County. Through a $2.7 million investment, the company will create 65 new jobs at its facility on Industrial Park Road. Virginia successfully competed with Ohio and Mexico for the expansion. Governor Warner and Jim McCrone, President of Carbone Kirkwood LLC, made the announcement at an event this afternoon.
RICHMOND - The Virginia Economic Development Partnership (VEDP) has received a 25-year award from Hannover Fairs USA. The Commonwealth has maintained a marketing presence at either the Hannover Fair or CeBIT for the past 25 years. Both trade shows allow Virginia to promote itself as a business location to international companies. Virginia companies also attend the shows with the VEDP to promote the export of Virginia products and services.
NEW YORK, NY - Governor Mark R. Warner today announced that Cendant Corporation (NYSE: CD), a leading provider of travel and residential real estate services, will relocate its Car Rental Group’s Shared Services Center to the City of Virginia Beach, creating 187 new jobs for Virginians. Governor Warner met with Cendant officials at the company’s corporate headquarters during his economic development marketing mission to New York City this week.
RICHMOND - Governor Mark R. Warner today announced that Virginia-based Augusta Lumber Company will locate a new facility in King William County. Through a $5 million investment in facilities and inventory, the company will create 65 new jobs. Augusta Lumber is headquartered in Waynesboro, Virginia and currently operates four sawmills and a hardwood flooring plant in Virginia, employing 325 people across the state. Virginia successfully competed with Kentucky and West Virginia for the investment.
RICHMOND - Governor Mark R. Warner today announced that Grucci, one of the largest fireworks entertainment companies and pyrotechnic manufacturing firms in the world, plans to expand its existing manufacturing and distribution facility in the City of Radford. Through a $100,000 investment, the company will create 53 new jobs at its existing facility in the Radford Arsenal. Virginia successfully competed with North Carolina for the Grucci family’s initial expansion.
MUNICH, GERMANY - Leica Microsystems, a German company, and the Virginia Economic Development Partnership (VEDP) will highlight Leica’s success at SEMICON Europa this week. The company recently won the annual German Business Innovation Award in the medium-sized business category for its revolutionary high-resolution inspection and metrology products for the semiconductor industry. Leica invented a product that specialists considered impossible: a deep ultraviolet objective using “airspace technology,” that has an unlimited lifetime.
RICHMOND - Governor Mark R. Warner today announced that Wal-Mart Stores, Inc. will invest $55 million to locate a regional distribution center in Rockingham County, creating 1,000 new jobs for the Shenandoah Valley. The 1.2 million-square-foot facility, to be located off Interstate 81 and north of State Road 682 in Mount Crawford, is projected to begin construction in the Spring of 2004 with planned service to stores expected in the Spring of 2005. Virginia successfully competed with Maryland and Pennsylvania for the project.
RICHMOND - Governor Mark R. Warner today announced that Sunrise Senior Living will expand its McLean-based corporate headquarters, creating more than 140 new jobs in Fairfax County. The new jobs come in conjunction with Sunrise’s announced plans to acquire Marriott Senior Living Services, Inc. The majority of the new jobs are ones that will transfer from Marriott’s headquarters in Bethesda, Maryland. Through a multi-million dollar investment, Sunrise is expanding its existing office space by 116,338 square feet to a total of 164,838 square feet.