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Area Development - Site Selection, Facility Planning and Workforce Development

PRINCO Plans Norfolk, Virginia, Healthcare Products Manufacturing Complex

02/22/2023
PRINCO, a joint venture of Premier, Inc., a leading technology-driven healthcare improvement company (through its affiliate SVS), Vario Labs of Virginia Beach, and Caretrust, will establish a healthcare products manufacturing facility in Norfolk, Virginia. The $18.1 million project is expected to create 284 jobs.

The company will manufacture incontinence pads, bringing the production of this product from overseas to the U.S.

“We are enthusiastic about launching this medical products manufacturing facility in the business-friendly City of Norfolk. We thank Governor Glenn Youngkin and Norfolk Mayor Kenneth Alexander and their teams for welcoming us here. Virginia’s extremely business-friendly environment and Norfolk’s site-ready locations and great access to The Port of Virginia made this an easy choice for Virginia,” said Brent Dillie, CEO, PRINCO LLC. “With the excellent healthcare ecosystem in the region and the great state and local focus on workforce development, our manufacturing operations will thrive here.”

The Virginia Economic Development Partnership (VEDP) worked with the City of Norfolk to secure the project.

“This new operation is a substantial addition to Virginia’s manufacturing sector, bringing more than 280 valuable jobs and economic opportunity to the City of Norfolk,” noted Secretary of Commerce and Trade Caren Merrick. “The Commonwealth continues to play a significant role in reshoring manufacturing, and we are excited that the founding partners of PRINCO LLC recognize Virginia as a prime business location for this major new venture.”

Governor Youngkin approved a $50,000 grant from the Commonwealth’s Opportunity Fund to assist the City of Norfolk with the project. PRINCO LLC is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development, as well as from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.

“Through this investment in a new manufacturing facility, PRINCO will be supporting the healthcare industry for the Commonwealth and across the country,” added Stephen A. Edwards, CEO and Executive Director of the Virginia Port Authority. “The Port of Virginia is ready to work with PRINCO and its partners to handle all of their supply chain needs today and well into the future. With this Norfolk location, PRINCO will be close by, and we are ready to begin a long and productive relationship with this newest corporate neighbor.”

Premier Inc. has created one of the most comprehensive databases of actionable data, clinical best practices and efficiency improvement strategies. The company has united more than 4,400 hospitals and approximately 250,000 other providers and organizations to transform healthcare.

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