Ferguson, the largest plumbing wholesaler in the U.S., will invest $82.8 million to expand its headquarters operation in Newport News, Virginia. The company will retain more than 1,000 associates and create 434 jobs.
The company will create an additional campus at City Center at Oyster Point for its information technology (IT) workforce and other corporate functions. Virginia successfully competed against several other states for the project.
“Ferguson’s decision to expand its headquarters operation in the City of Newport News is a major victory for the Hampton Roads region and the Commonwealth of Virginia,” said Governor Terry McAuliffe. “This global company dominates the plumbing industry and has been an exceptional corporate steward in Newport News for more than 60 years. We couldn’t be prouder that Ferguson calls the Commonwealth home, and we thank the company for its continued investment in our efforts to build the new Virginia economy.”
“We’re pleased that Ferguson will grow the footprint of its North American Headquarters in Newport News,” said McKinley L. Price, DDS, Mayor of Newport News. “This expansion will stimulate opportunities beneficial to both the company as well as our community.”
“Ferguson is deeply rooted in the Commonwealth and we have been proud to call Virginia home for more than 60 years,” said Ferguson CEO Frank Roach. “We are excited to further invest in the City of Newport News which allows us to retain more than 1,000 existing jobs and create 434 new jobs for the region. Thank you to Governor Terry McAuliffe, the Virginia Economic Development Partnership, and the City of Newport News and the Economic Development Authority for their partnership and unwavering support. We look forward to continued growth and success in the Hampton Roads region.
The Virginia Economic Development Partnership worked with the City of Newport News to secure the project for Virginia. Governor McAuliffe approved a $2 million grant from the Commonwealth’s Opportunity Fund to assist the City with the project. The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development, and funding services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
“Ferguson isn’t just a multi-national corporation, it’s a ‘hometown’ company that employs many of our citizens,” said Florence G. Kingston, Director of Newport News Department of Development. “The jobs created by this expansion will provide a boost for our workforce and our local economy.”
“Ferguson’s significant headquarters expansion is transformational for Newport News and Virginia, again demonstrating the Commonwealth’s ability to successfully compete for major projects,” said Secretary of Commerce and Trade Todd Haymore. “This industry leader is a critical employer, with nearly 3,000 Virginians working at its operations and showrooms in almost every region of the state. Ferguson is a true Virginia success story, and we look forward to the next chapter of partnership and success.”