The Liebherr Mining Equipment Virginia expansion is set to significantly bolster the local economy by creating 175 new jobs and investing $72.3 million to enhance its plant facilities in Newport News and Hampton. Governor Glenn Youngkin, Virginia’s Secretary of Commerce and Trade, Caren Merrick, and Stephen A. Edwards, CEO of the Virginia Port Authority have all praised the strategic expansion, citing Virginia’s robust business climate, superior talent pool and strong global production capabilities as key factors in the decision. The Virginia Economic Development Partnership, Newport News, and Hampton have all played crucial roles in securing the project, which is also supported by a $1.5 million grant from the Commonwealth’s Opportunity Fund, the Port of Virginia Economic and Infrastructure Development Zone Grant Program, and the Virginia Jobs Investment Program.
Expansion of Liebherr Mining Equipment in Virginia
By Tim Ryan
Boost to Local Economy
In a significant boost to the local economy, Liebherr Mining Equipment is set to expand its operations in Virginia, creating 175 new jobs. The company will invest $72.3 million to enhance its plant facilities in Newport News and Hampton. This expansion will bolster manufacturing capabilities and support Liebherr’s global production and service efforts.
Government and Company Responses
Governor Glenn Youngkin praised the strategic location of Virginia, highlighting its importance as a global production hub. Liebherr’s expansion is a testament to the robust business climate and skilled workforce in the region. Cort Reiser, Managing Director at Liebherr, expressed gratitude for the partnerships with local cities and the Commonwealth of Virginia, emphasizing the mutual benefits of this investment.
Virginia’s Economic Appeal
Virginia’s Secretary of Commerce and Trade, Caren Merrick, underscored the state’s attractiveness to manufacturing companies, citing the superior talent pool and strong business environment. Stephen A. Edwards, CEO of the Virginia Port Authority, noted the ongoing productive relationship with Liebherr and the benefits of Virginia’s positive business climate.
Support and Partnership
The Virginia Economic Development Partnership, along with Newport News and Hampton, played a crucial role in securing this project. The expansion is supported by a $1.5 million grant from the Commonwealth’s Opportunity Fund and benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. Additionally, the Virginia Jobs Investment Program will aid in training new employees.
Question & Answer
What is Liebherr Mining Equipment’s expansion in Virginia set to achieve?
The expansion is set to create 175 new jobs and invest $72.3 million to enhance its plant facilities in Newport News and Hampton.
Who has praised the Liebherr Mining Equipment Virginia expansion?
Governor Glenn Youngkin, Virginia’s Secretary of Commerce and Trade, Caren Merrick, and Stephen A. Edwards, CEO of the Virginia Port Authority have all praised the strategic expansion.
What key factors were cited in the decision to expand in Virginia?
Virginia’s robust business climate, superior talent pool, and strong global production capabilities were cited as key factors in the decision.
Which organizations played crucial roles in securing the Liebherr Mining Equipment expansion project?
The Virginia Economic Development Partnership, Newport News, and Hampton played crucial roles in securing the project. It is also supported by a $1.5 million grant from the Commonwealth’s Opportunity Fund, the Port of Virginia Economic and Infrastructure Development Zone Grant Program, and the Virginia Jobs Investment Program.
