Pulaski County, VA – Volvo Trucks North America’s expansion in Pulaski County was recognized by Area Development magazine as one of 2019’s top economic development projects in Virginia. It was ranked third in the state with 777 new jobs created and an investment of $400 million.
Here’s what Area Development had to say about Volvo and Virginia’s New River Valley:
“Virginia was a big winner in 2019, too, with 777 jobs being created by Volvo Trucks North America in Pulaski County. State leaders called the $400 million investment on of the largest ever in the southwest part of the state.”
The project helped Virginia win the 2020 Gold Shovel Award for states with a population of 8 – 12 million people. This annual award from Area Development “recognize[s] states for their achievement in attracting high-value investment projects that will create a significant number of new jobs in their communities.”
Virginia’s New River Valley is a hub for the advanced manufacturing industry. The region boasts over 100 manufacturing companies in sub-sectors such as chemicals, plastics and materials, automotive, and motion control systems.
Here is the list of the Top 5 projects in Virginia for 2019:
|1||Amazon||Arlington County||N||25,000||$2.5 billion||Headquarters|
|2||Incentive Technology Group||Arlington County||E||1,000||$5.1 millon||IT|
|3||Volvo Trucks North America||Pulaski County||E||777||$400 million||Heavy Trucks|
|4||Morgan Olsen, LLC||Pittsylvania County||N||703||$57.8 million||Walk-in Step Vans|
|5||Wegmans||Hanover County||N||700||$206 million||Distribution|
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.