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Area Development - Site Selection, Facility Planning and Workforce Development

Altec Industries Expands Botetourt County, Virginia, Operations

05/24/2023
Altec Industries, a global industrial machinery manufacturer, plans to expand its operations in Botetourt County, Virginia. The $1.4 million project is expected to create 150 jobs.

The company will expand the production of its equipment product line at its existing facility at the Botetourt Center at Greenfield.

The Virginia Economic Development Partnership (VEDP) worked with Botetourt County and the Roanoke Regional Partnership to secure the project and will support Altec’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. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for citizens.

“Virginia is taking strong action to create a best-in-class business environment that supports the continued growth of our corporate partners. Altec Industries is a prime example of the long-term success companies can achieve in the Commonwealth,” noted Secretary of Commerce and Trade Caren Merrick. “Altec is a valuable employer in Botetourt County that will continue to benefit from the region’s robust workforce and the state’s recruitment and training programs.”

Altec, Inc. produces aerial devices, digger derricks, and boom truck cranes, as well as many other truck body tools used by a broad spectrum of industrial customers. The company provides products and services in more than 100 countries throughout the world.

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