Volvo Group will invest $38.1 million at the New River Valley assembly facility, where all Volvo Trucks models for North America are assembled, in Pulaski County, Virginia.
The investment will allow Volvo to make several plant upgrades and build a 36,000-square-foot Volvo Trucks Customer Experience Center. In addition to the investment, Volvo will add 32 new jobs at NRV.
Governor Terry McAuliffe said, “Growing the advanced manufacturing industry is a key part of our efforts to create jobs, diversify and build a new Virginia economy. This is the largest Volvo truck manufacturing facility in the world, and we are pleased that the Volvo Group chose Virginia for this significant expansion that will ensure its success and longevity in Pulaski County for years to come.”
“This announcement is a testament to the great workforce and best-in-class business environment in Pulaski County and the Commonwealth,” said Secretary of Commerce and Trade Maurice Jones. “The advanced manufacturing industry in Virginia continues to gain momentum, and we are proud that Volvo is a leader in this key sector.”
“Volvo’s investment in the NRV facility and in the development of a Customer Experience Center is evidence of our commitment to our employees and the Pulaski County community,” said G?ran Nyberg, President of Volvo Trucks North America. “Our competitive advantage stems from our innovative products and services, and also from our dedicated employees.”
The Virginia Economic Development Partnership worked with Pulaski County to secure the project for Virginia. Governor McAuliffe approved a $100,000 grant from the Commonwealth’s Opportunity Fund to assist Pulaski with the project.The Governor also approved a $2 million performance-based grant from the Virginia Investment Partnership program, an incentive available to existing Virginia companies. The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Additional funding and services to support the company’s employee training activities will be administered by VEDP provided through the Virginia Jobs Investment Program.