Montgomery County, VA – Area Development magazine recognized the recent Torc Robotics expansion as one of Virginia’s top 10 economic development projects in 2020. Torc came in ninth on the list, with 350 jobs and $8.5 million in investment.
Torc’s expansion project in Blacksburg helped Virginia win Area Development’s 2021 Silver Shovel Award for states with a population of 8+ to 12 million. The “annual Gold and Silver Shovel Awards recognize states for their achievements that will create a significant number of new jobs in the communities.”
Here’s what Area Development had to say about the Torc Robotics expansion:
“Virginia’s job activity was diverse… including 350 jobs in self-driving vehicle software development at a TORC Robotics expansion in Montgomery County.”
Learn more about the Gold & Silver Shovel Awards and see Area Development’s list of the top ten economic development projects in Virginia here.
Read about the Torc Robotics expansion here.
Learn more about unmanned systems in Virginia’s New River Valley here.
Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small-town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”
Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.