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Italy Automotive Manufacturer to Launch First U.S. Production Plant in Botetourt County
ELDOR Corporation, an Italian-based automotive manufacturer, plans to invest approximately $75 million and create 350 new jobs when it opens its first U.S. production plant in Botetourt County.
The Virginia Economic Development Partnership initially met ELDOR at the Select USA Investment Summit in Washington, D.C., in March 2015. VEDP arranged to have Governor McAuliffe meet with ELDOR’s founder during VEDP's June 2015 European Marketing Mission.
Headquartered in Orsenigo, Italy, ELDOR Corporation is a leading establishment in the research, development and production of ignition coils, engine control units and combustion management systems based on the analysis of ionic currents, as well as of electric systems for hybrid and electric applications. ELDOR has three Research & Development operations in Italy, four production plants around the world (Italy, Turkey, China and Brazil) and four technical offices in the U.S., China and Germany.
VEDP worked with Botetourt County and the Roanoke Regional Partnership to help secure the production plant. A robust incentive package included a $3.2 million grant from the Commonwealth’s Opportunity Fund to assist Botetourt County with the project. ELDOR will also receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
HR Giant Coming to Norfolk
ADP to Bring Nearly 2,000 Jobs to Hampton Roads
On March 15, Governor McAuliffe announced that Fortune 500 company Automatic Data Processing (ADP) will invest $32.25 million to establish a regional customer service center in the City of Norfolk, further solidifying Virginia’s reputation as a thriving state for the IT sector. The project will create 1,800 new jobs.
Headquartered in Roseland, New Jersey, ADP is a comprehensive global provider of cloud-based human capital management solutions and business process outsourcing services. Since 1949, the company has grown to serve more than 600,000 clients worldwide in order to help build better workforces.
VEDP worked with Norfolk and the Hampton Roads Economic Development Alliance to secure the win for Virginia. Governor McAuliffe approved a $5,000,000 grant from the Commonwealth’s Opportunity Fund to assist Norfolk with the project. ADP will also be eligible to receive a Major Business Facility Job Tax Credit. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program. The Commonwealth successfully competed against Florida and Texas for the project.
“This project is transformational for the Hampton Roads region, providing 1,800 job opportunities for members of the military transitioning to civilian life, as well as military spouses and Virginia citizens,” said Governor McAuliffe. “The Commonwealth is a hub for the IT industry, and adding ADP to our roster is a tremendous testament to the technology infrastructure, assets and workforce that make Virginia a leader in this critical sector. Today is a major win for the City of Norfolk and for the Commonwealth, and will help further our efforts to diversify and build a new Virginia economy.”
Major Grocery Retailer Picks Virginia
Harris Teeter to Open its First Virginia Distribution Center
Grocery retailer Harris Teeter recently announced plans to build a 1.5 million-square-foot distribution center in Caroline County, which will produce 400 new jobs and represents a $95 million investment. The Commonwealth successfully competed with the company’s home state of North Carolina for the project.
VEDP worked with Caroline County to secure the distribution center. Governor McAuliffe approved a $650,000 grant from the Commonwealth’s Opportunity Fund to assist Caroline County with the project. Harris Teeter will also be eligible to receive a Major Business Facility Job Tax Credit. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
Harris Teeter, a wholly-owned subsidiary of The Kroger Co., operates more than 230 stores and three fuel centers across seven states and the District of Columbia.
“Harris Teeter’s significant investment in Caroline County is a testament to the superior assets the Commonwealth has to offer businesses,” said Secretary of Commerce and Trade Maurice Jones. “Virginia, which is within a 10-hour drive from over 50% of the U.S. population, has proven to be a strategic location for companies’ distribution and logistics assets. We have a coveted location in the middle of the U.S. east coast, outstanding talent, a great business climate and incredible quality of life.”
Microsoft Corp. Adds More Fuel to Virginia’s Data Center Industry Fire
Microsoft Corp.’s Mecklenburg County Data Center to Expand for the Fourth Time
This past November, Microsoft Corp. announced the fourth expansion of their Southern Virginia data center—representing a $402.4 million investment—bringing the tech giant’s total planned investment to $1.7 billion for the Mecklenburg County facility. The newest expansion will create an additional 42 jobs.
Microsoft opened its Southern Virginia operation in 2010 with a $499 million investment. The company has rapidly expanded since, creating more than 200 jobs during its 2011, 2013, 2014 and 2015 expansions.
VEDP worked with Mecklenburg County to secure the expansion. Governor McAuliffe approved a $700,000 grant from the Commonwealth’s Opportunity Fund to assist Mecklenburg County with the project, and the Virginia Tobacco Region Revitalization Commission approved $1.34 million in Tobacco Region Opportunity Funds for the project.
Microsoft’s growth is a strong testament to Virginia’s infrastructure and the success of the Commonwealth’s burgeoning data center industry. Home to nearly 600 data centers, Virginia has grown to be a critical player in supporting today’s global Internet traffic. From Amazon and Bank of America to Google and Microsoft, many of the world’s most trusted brands rely on the Commonwealth’s IT infrastructure.
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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