510nano Incorporated Invests $11 Million In Greensville County, Virginia, Headquarters
“Solar VIA is a technology that we’ve designed to lower the cost of solar generation to less than 6 cents per kilowatt-hour without subsidy,” said Dr. Reginald Parker, President/CEO of 510nano Inc. “The manufacturing home for the technology needs to be strategic and meaningful. With great access to I-95, Hampton Roads and rail, we see Greensville County, Virginia as an ideal home for the manufacturing site for Solar VIA, the headquarters for our solar energy business, and our energy research and technology center. Additionally, we felt that Greensville offered an attractive labor force, strategic nearby partners, and a great name for a green innovation company. This big step is more than a great opportunity. It is a renewable energy achievement for Virginia and the nation at large.”
The Virginia Economic Development Partnership worked with Greensville County and Virginia’s Growth Alliance to secure the project for Virginia. Governor McAuliffe approved a $200,000 grant from the Governor’s Opportunity Fund to assist Greensville with the project.
The Virginia Tobacco Indemnification and Community Revitalization Commission approved $635,000 in Tobacco Region Opportunity Funds for the project. The company may also be 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 provided through the Virginia Jobs Investment Program.
Governor Terry McAuliffe said, “Creating these 21st century jobs in the advanced manufacturing and renewable energy sectors is critical as we work to build a new Virginia economy. 510nano’s investment in Greensville County is a huge win for the Commonwealth and especially for a community that is transforming itself.”
“Greensville County is a great fit for 510nano’s headquarters and new manufacturing operation, offering a site that meets the company’s needs, a superior workforce, a manufacturing industry cluster and close proximity to a world class port,” said Secretary of Commerce and Trade Maurice Jones. “We are confident that 510nano will continue to profitably pursue its strategic vision from its new Virginia location.”
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