Lumber Liquidators Creates 250 New Jobs in Virginia
Lumber Liquidators recently announced a $60 million investment to expand its presence in Virginia. The company expects to create 250 jobs over the next three years through the expansion of its corporate and manufacturing operations in the Commonwealth. Lumber Liquidators plans to increase its manufacturing footprint at its existing James City County location and consolidate its East Coast distribution operations in Henrico County, which will retain 500 jobs.
Lumber Liquidators has thrived since coming to Virginia in 1999. It has grown to become the largest specialty retailer of hardwood flooring in North America, with more than 320 locations. The company went public (NYSE: LL) in 2007 and currently offers more than 340 top quality flooring varieties.
Through the Port of Virginia, Lumber Liquidators imports and exports wood products for both domestic and international markets. The company will make use of the Commonwealth’s rich timber supply by increasing its use of Virginia-grown raw materials in its products.
"Virginia has been a wonderful home for Lumber Liquidators, and we are so excited about reconfirming our commitment to this great state," said Robert Lynch, president and CEO. "Virginia just has the perfect mix of what is needed for a growth company — a talented workforce, a strategic location and a pro-business climate, all of which has allowed our company to flourish here and will drive continued growth."
Leading companies continue to establish and grow their businesses in the Commonwealth because Virginia offers the right mix of resources for success. To learn why Virginia continues to be named the Best State for Business, click here.
Capital One Celebrates Opening of Chesterfield County Data Center
Capital One recently celebrated the opening of its newest data center. Located in Chesterfield County, the $150 million project was first announced in June 2012. This investment represents part of Capital One’s efforts to streamline and automate its IT infrastructure, adding new technologies to continue its reputation for leadership and exceptional customer service.
The 242,000-square-foot facility is scalable for future growth and includes redundant power supply and substantial backup systems to ensure uninterrupted service. It is LEED Gold-certified by the U.S. Green Building Council.
"This new data center is a bold example of the value we place on having the best technology to deliver on our customer mission, and we are proud to continue our strong relationship with Virginia and expand our workforce here," said Rob Alexander, Chief Information Officer at Capital One.
The company employs more than 15,000 associates in Virginia, drawing on the Commonwealth’s strong IT and professional services labor pool. While the company initially expected to create 50 new jobs related to this investment, Capital One now expects to double that over the next year.
Capital One was founded in Virginia more than 20 years ago. The company has grown to become a Fortune 500 company (NYSE: COF) and one of the most recognized brand names in the U.S. It is the country’s largest direct bank and 7th largest bank based on deposits.
Chesterfield County was selected for this project due to its proximity to Capital One’s existing operations in the Greater Richmond area. Central Virginia has been part of Virginia’s booming data center industry due to its abundant power, advanced fiber-optic network, low risk of natural disaster and strong IT workforce. Virginia has the highest concentration of high-tech workers according to Cyberstates 2013.
To learn why approximately 650 data processing, hosting and related establishments have selected Virginia as their home, click here.
Kilgour Industries Ltd. Establishes First U.S. Operation in Henry County
Kilgour Industries Ltd. recently announced plans to establish its first U.S. operation in Henry County through a $27.3 million investment. The facility will be located at the Patriot Centre Industrial Park, and the project is expected to create 155 new jobs.
The U.K.-based company machines, treats and tests aerospace components made of aluminum, steel and titanium for original equipment manufacturers. The company has been family-owned and operated since its founding in 1966.
Virginia’s burgeoning aerospace industry was a major draw for the company. Fellow U.K.-based company Rolls-Royce established a 1,000-acre campus in Prince George County, currently home to a Rotatives Facility and Advanced Airfoil Machining Facility. Adjacent to the property is the Commonwealth Center for Advanced Manufacturing, an applied research center that boosted Kilgour’s confidence in Virginia’s aerospace industry. In fact, it was CCAM Director of Economic Development Joe Anwyl who helped introduce the company to Virginia.
In addition to Virginia’s strengths in the aerospace industry, the Commonwealth successfully competed against Florida, Michigan, North Carolina and South Carolina due to the region’s strong advanced manufacturing workforce, access to technical training assistance and competitive operating environment.
"From the existing industry we met, the educational and training programs in the area, and the responsiveness of the economic development officials, we knew Martinsville-Henry County was a community that supports advanced manufacturing and a community in which we would be welcomed," said Chief Executive Officer Ray Kilgour.
To learn why more than 250 aerospace firms call Virginia home, click here.
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