Eaton Relocates-Expands Henrico County, Virginia, Production
The company, which provides sustainable solutions that help customers effectively manage electrical, hydraulic, and mechanical power more safely, more efficiently, and more reliable, will expand production capabilities with the addition of new lines for electrical component manufacturing.
“Optimizing our existing Eaton footprint in Henrico will ensure that our operations are well-positioned for future success,” said Chris Butler, Senior Vice President and General Manager of Eaton’s Power Quality Division. “This investment further solidifies our commitment to our operations in the greater Richmond area, and we look forward to being a longstanding member of this community.”
The Virginia Economic Development Partnership (VEDP) worked with the Henrico Economic Development Authority and Port of Virginia to secure the project for Virginia and will support Eaton’s job creation through the Virginia Jobs Investment Program (VJIP), which provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities. As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. The company is eligible to receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program, as well as state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development.
“Virginia’s diverse advanced manufacturing sector is a cornerstone of our economy, thanks to industry leaders like Eaton that reinvest and create high-quality jobs,” said Secretary of Commerce and Trade Brian Ball. “We are pleased to support Eaton’s growth in Virginia, and are thrilled that the company will increase production in Henrico County.”
Eaton employs approximately 92,000 people and operates in more than 175 countries, with distribution centers in Henrico County and Charlottesville.
“This announcement is another example of Virginia’s ability to compete in the global marketplace, create a significant number of jobs, and grow the state’s manufacturing sector,” said Virginia Port Authority CEO and Executive Director Stephen A. Edwards. “We are always pleased when a Virginia-based company reinvests in the Commonwealth and does so, in part, because of the international trade opportunities provided by The Port of Virginia. We welcome the opportunity to support Eaton’s expansion by providing it funding through the port’s Economic and Infrastructure Development Grant Program and Virginia port tax credits.”
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