180 new jobs coming to Botetourt County

Altec Industries will invest $30.2 million to expand its manufacturing operation

BOTETOURT COUNTY, Va. – Altec Industries will invest $30.2 million to expand its manufacturing operation in Botetourt County, which will create 180 new jobs, Gov. Terry McAuliffe said Tuesday.

Virginia competed against several states to win the project.

Altec Industries is a leading provider of products and services to the electric utility, telecommunications, tree care, lights and signs and contractor markets, according to a news release from McAuliffe’s office.

“Altec Industries' continued success is a great example of how our Commonwealth’s outstanding business climate continues to benefit companies and Virginia families,” McAuliffe said. “This expansion will create jobs and economic opportunity in the Roanoke region and send a clear signal to other manufacturing firms that Virginia is the right place to locate and grow. Altec is a valuable employer in the Roanoke region, and creating these high-quality jobs is a great step forward as we continue to build a new Virginia economy.”

The Virginia Economic Development Partnership worked with Botetourt County and the Roanoke Regional Partnership to secure the project for the state, the news release said. McAuliffe approved a $400,000 Commonwealth’s Opportunity Fund to assist the county with the project. 

Altec will also receive a $300,000 performance-based grant from the Virginia Investment Partnership program, an incentive available to existing companies, to help the county.

Additional funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program, the governor’s office said.