Lumber Liquidators Invests More Than $60 Million In Virginia Expansion Project
Area Development Online News Desk (01/10/2014)
Lumber Liquidators, a specialty retailer of hardwood flooring, will invest more than $60 million as part of its expansion project in Virginia. The company plans to create approximately 250 jobs during the next three years in the Commonwealth, through the augmentation of its corporate and manufacturing operations, led by the expansion of its flagship Bellawood hardwood flooring finishing. The company is also consolidating its East Coast distribution operations in Henrico County, Virginia.
Robert Lynch, President and CEO of Lumber Liquidators commented, "Virginia has been a wonderful home for Lumber Liquidators, and we are so excited about reconfirming our commitment to this great state. 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."
As one of the largest hardwood flooring and home improvement retailers in the United States, Lumber Liquidators is expected to boost its use of Virginia's ports to import and export wood products for domestic and international markets. In addition, the Company has undertaken a pilot project to increase the use of Virginia-grown wood in its product mix, state officials said.
Gov. Bob McDonnell said, "Lumber Liquidators is a shining example of why the Commonwealth consistently ranks as the best state for business in the U.S. Since relocating its headquarters to Virginia in 1999, the company has become one of the fastest growing companies in America, and today's announcement ensures that the Commonwealth will remain home. Lumber Liquidators is a great testament to how all of Virginia's assets, from our natural resources used to manufacture their products to our ports that ship them around the continent and globe, create a formula for success and continued growth."
"This tremendous expansion and consolidation project further solidifies Lumber Liquidators' roots in Virginia," said Jim Cheng, Virginia Secretary of Commerce and Trade. "We commend the company's success that requires the need to expand manufacturing capacity and workforce in the Commonwealth as it continues to expand in North America. Virginia is proud to boast Lumber Liquidators on its corporate roster, and welcomes the addition of 250 new jobs and the retention of 500 jobs."
Rodney W. Oliver, Interim Executive Director, Port of Virginia said, “Thanks to Governor McDonnell and the General Assembly, the port was able to assist the Virginia Economic Development Partnership in keeping a top shipper in Virginia through the Port of Virginia Economic and Infrastructure Development Zone Grant and Virginia Port Tax Credit programs.”
The Virginia Economic Development Partnership worked with Lumber Liquidators to help secure a $2 million performance-based grant from the Virginia Investment Partnership program.