Volvo Group to invest $38.1 million in Pulaski County
Volvo to upgrade truck plant, develop Customer Experience Center, add 32 jobs in New River Valley
PULASKI COUNTY (WSLS 10) - Governor Terry McAuliffe announced Friday that the Volvo Group will invest $38.1 million at the New River Valley (NRV) assembly facility in Pulaski County, where all Volvo Trucks models for North America are assembled.
The investment will allow Volvo to make several plant upgrades and build a 36,000-square-foot Volvo Trucks Customer Experience Center on the NRV grounds.
In addition to the investment, Volvo will add 32 new jobs at NRV.
Speaking about Friday's announcement, Governor McAuliffe said, "Growing the advanced manufacturing industry is a key part of our efforts to create jobs, diversify and build a new Virginia economy. This is the largest Volvo truck manufacturing facility in the world, and we are pleased that the Volvo Group chose Virginia for this significant expansion that will ensure its success and longevity in Pulaski County for years to come."
The Virginia Economic Development Partnership worked with Pulaski County to secure the project for Virginia.
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Governor McAuliffe approved a $100,000 grant from the Commonwealth's Opportunity Fund to assist Pulaski with the project. The Governor also approved a $2 million performance-based grant from the Virginia Investment Partnership program, an incentive available to existing Virginia companies.
The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Additional funding and services to support the company's employee training activities will be provided through the Virginia Jobs Investment Program, administered by VEDP.
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