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Area Development - Site Selection, Facility Planning and Workforce Development

Atlantic Core Building Products Locates Manufacturing Center In Chesapeake, Virginia

03/22/2017
Atlantic Core Building Products, a manufacturer of steel commercial construction materials, will invest $3 million to establish a manufacturing operation in Chesapeake, Virginia. The project is expected to create 50 jobs.

“We are proud to welcome another advanced manufacturing company to Virginia’s roster as we focus on accelerating an industry that drives job creation,” said Governor Terry McAuliffe. “With a top-notch workforce and close proximity to the Port of Virginia, the City of Chesapeake is an ideal home for Atlantic Core Building Products. We are looking forward to a successful partnership with the company as we continue to diversify and build the new Virginia economy.”

“Atlantic Core Building Products joins nearly 6,000 manufacturing firms that operate in Virginia and generate more than $113 billion in direct annual economic output,” said Secretary of Commerce and Trade Todd Haymore. “Chesapeake is a prime location to reach the company’s expanding customer base and offers a talented and dedicated workforce, both of which will help fuel the company’s success.”

“We are excited to call Chesapeake our home,” said Atlantic Core Building Products President Ryan Smith. “After considering several ports on the eastern seaboard, we found that Virginia has an excellent workforce, world-class port facilities, strong incentives and an easily accessible, strategic location. From our plant, we can service 40 percent of the U.S. construction market and our export customers in Latin America.”

The Virginia Economic Development Partnership will support Atlantic Core Building Products’ new job creation through its Virginia Jobs Investment Program (VJIP). The company will also receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program, and is eligible to receive sales and use tax exemptions on manufacturing equipment.

“We are delighted that Atlantic Core Building has chosen to make us its newest site,” said Chesapeake Mayor Alan Krasnoff. “Successfully competing against nearby states emphasizes the value of Virginia’s pro-business climate and our port access, and adding 50 new positions to our manufacturing jobs roster underlines the importance of a skilled workforce that calls Chesapeake home.”

“The Port of Virginia is pleased to welcome Atlantic Core Building Products to Virginia,” said John F. Reinhart, CEO & Executive Director of the Port of Virginia. “Through establishing its manufacturing operations in Chesapeake, Atlantic Core is going to bring investment, jobs and new revenue to the Commonwealth and the region. Our port offers very diverse cargo handling capabilities and Newport News Marine Terminal is a good fit for handling the coiled steel Atlantic Core will import. We look forward to a long and productive relationship.”

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