FOR IMMEDIATE RELEASE
November 04, 2002

Ellen Qualls
www.governor.state.va.us
(804) 786-2211, x2379


John Gullett
Noland Company
(757) 928-9125
Jill Lawrence
VEDP
(804) 371-0049
Prince George County Lands New Jobs
-Governor Warner welcomes Noland’s $8.5 million investment in a new distribution facility-


RICHMOND - Governor Mark R. Warner today announced that Noland Company, a large distributor of mechanical equipment and supplies for construction and manufacturing, plans to locate a 200,000-square-foot distribution facility in Prince George County’s Industrial Park. The company will create 40 new jobs through an $8.5 million investment. Virginia successfully competed with North Carolina for the project.

“Noland is a Virginia-grown company headquartered in Newport News,” said Governor Warner. “I am pleased to see this corporate citizen provide new jobs by using the superior transportation access in Virginia’s Gateway Region.”

Noland Company is a leading distributor of plumbing, HVAC, electrical, industrial and water systems supplies. The company has 101 locations in 13 states across the eastern and southern United States. The new Prince George facility, which will be operational by mid-2003, will employ warehouse and administrative workers using state-of-the-art warehouse and transportation management systems to re-supply its branches.

“This new facility is the largest we have ever built,” said Noland Chairman Lloyd U. Noland, III, “and will provide us with a more efficient and reliable method of ensuring that we always have the right products in our branch warehouses to meet customers’ needs. We will start with 200,000 square feet, but we are designing the facility to be expandable to 400,000 square feet – which would create even more jobs.”

The Virginia Economic Development Partnership and Prince George County assisted the company with its decision. Noland is eligible to receive tax credits because it is locating in an enterprise zone. The Virginia Department of Business Assistance will provide workforce training services.

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

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