Ballast Point
Jobs: 178 | Investment: $47.8 million

 

On May 24th, Governor McAuliffe announced that Ballast Point Brewing and Spirits will invest $47.8 million and create 178 new jobs to establish an East Coast brewing operation in Botetourt County. The Governor met with company officials at their headquarters in San Diego during his September 2015 West Coast Marketing Mission.

Celebrating its 20th anniversary this year, Ballast Point first began in 1996 as a back room brewery behind founder Jack White’s home brewing shop, Home Brew Mart. Guided by a philosophy of innovation and exploration, the company has developed a wide portfolio of award-winning beers, including its signature Sculpin IPA. Today an internationally recognized leader in the craft brewing industry, Ballast Point is distributed globally and in nearly all 50 states nationwide.

VEDP worked with Botetourt County and the Roanoke Regional Partnership to secure the project for Virginia. Governor McAuliffe approved a $2.4 million grant from the Commonwealth’s Opportunity Fund to assist Botetourt with the project. The company will also be eligible to receive a $250,000 grant from the Governor’s Agriculture and Forestry Industries Development Fund (AFID), administered by the Virginia Department of Agriculture and Consumer Services. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program. Virginia successfully competed against several Eastern states for the project.


Pacific Life
Jobs: 300 | Investment: $4 million

Pacific Life Insurance Company announced in June their plans to invest nearly $4 million and create 300 new jobs to open a business center in Lynchburg.

Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients.

VEDP worked with the City of Lynchburg and the Lynchburg Regional Business Alliance to secure the project for Virginia. Governor McAuliffe approved a $500,000 grant from the Commonwealth’s Opportunity Fund to assist Lynchburg with the project. The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program, administered by the Virginia Economic Development Partnership.


SANJO Corte Fino
Jobs: 85 | Investment $17.5 million

Barcelona-based SANJO Corte Fino announced plans to invest $17.5 million and create 85 new jobs to establish their North American headquarters in the City of Virginia Beach. Governor McAuliffe made the announcement on July 6th.

Founded in 1967, SANJO is a family-owned manufacturer expanding into
the North American market for the first time. The company designs and constructs progressive dies and stamping parts, assembles stamping parts, produces components with fineblanking and heat treatment processes, and performs final machining. SANJO currently exports to 27 countries across four continents.

VEDP worked with Virginia Beach to secure the project for Virginia. Governor McAuliffe approved a $250,000 grant from the Commonwealth’s Opportunity Fund to assist the City with the project. The company will receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. SANJO will also be eligible to receive sales and use tax exemptions on manufacturing equipment. Funding and services to support the company’s employee training activities will also be provided through the Virginia Jobs Investment Program. Virginia successfully competed against Kentucky for the project.


Overfinch
Jobs 41 | Investment: $1.82 million

While on a marketing mission at the Farnborough Airshow, Governor McAuliffe announced that Range Rover-enhancer Overfinch will establish a manufacturing operation in the City of Danville. The company will invest $1.82 million and create 41 new jobs.

Headquartered in Leeds, England, Overfinch was founded under the name Schuler in 1975. Since then, the company has remained dedicated to the Land Rover brand, enhancing the luxury 4x4 with a continuous R&D program, top class production facilities and designs that improve the vehicle as opposed to altering it from standard. The Danville operation will include an assembly and conversion workshop, vehicle servicing, diagnostics and parts warehouse.

VEDP worked with Danville to secure the project for Virginia. Governor McAuliffe approved a $125,000 grant from the Commonwealth Opportunity Fund to assist Danville with the project. The Virginia Tobacco Region Revitalization Commission approved $275,000 in Tobacco Region Opportunity Funds. The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.

To learn more about the unique assets in Virginia and why major companies, such as these, have been choosing the Commonwealth for more than 400 years, click here.


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