Volvo Trucks to Secure 270 Acres Adjacent to the NRV Plant

~Company acquires 49 acres from the Pulaski County IDA and Enters into a Lease Option Agreement on an Additional 221 acres for Future Business Growth Needs.~

DUBLIN, VA – On December 19th, the Pulaski County IDA, in concert with the Board of Supervisors officially conveyed 49 acres to Volvo Trucks as part of a performance agreement following the satisfaction of the company’s commitment to invest $38.1 million for the construction of a new 36,000 sq. ft. Customer Center and several plant upgrades to further improve the safety, quality and efficiency of NRV’s manufacturing processes, resulting in the creation of 32 new jobs. Volvo Trucks’ business case was to acquire the additional property to the south-western portion of the NRV plant in order to extend their 1.1 mile Customer Experience Track. Volvo Trucks has also entered into a Lease Option-to-Purchase Agreement for an additional 221 adjacent acres owned by the Pulaski County IDA. The IDA has worked with company executives to utilize this creative approach to both satisfy the county’s local incentive obligation and increase opportunities for further capital investments by Volvo Trucks to take place within the County.

“Working with the Pulaski County Board of Supervisors, the Industrial Development Authority and the county staff, these efforts led to the acquisition of the 49 acres and the securing of an additional 121 acres through a lease-option agreement.” said Franky Marchand, Vice President & GM of the Volvo Trucks NRV plant. “Our investments in advanced manufacturing, upgrades in our cab and paint facility and the construction of the new Customer Center were all instrumental in facilitating this important land deal. One of our many competitive advantages stems from providing a unique customer experience here. Extending the Customer Experience Track, our innovative products and services, and interaction with our dedicated employees, makes NRV ‘best-in-class’ for customer experience.”

“Volvo’s land acquisition and the option agreement on the more than 220 acres contiguous to their current operations, has the potential to be one of the most transformative investments the County has recently embarked on,” stated Jonathan D. Sweet, County Administrator. “The IDA’s recent purchase of the adjoining property and the subsequent readying of it for Volvo’s use has significant strategic value and affords our region’s largest employer the ability to further enlarge operations and secure new business, both of which could have a positive yield of new jobs, new investments and new opportunities for the county and our citizens.”

This summer the company introduced their new Volvo VNL series within their new Customer Center. This launch helped gain truck sales by bringing thousands of customers and dealers here to Pulaski County, Virginia During those customer events, the company saw confirmation that they needed to expand the track.

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Virginia’s New River Valley: For those searching for an inspiring place to live and do business, Virginia’s New River Valley provides both an eclectic small town atmosphere and an innovative, collaborative business community with a loyal, highly skilled, and educated workforce. Offering the best of both worlds – magnificent mountains, cutting-edge research, arts, entertainment, and education – it’s 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.

NRV No. 11 Best Place to Work in Manufacturing

NEW RIVER VALLEY, VA – The Blacksburg-Christiansburg-Radford Metro Area, commonly known as the New River Valley, was ranked the No. 11 Best Place to Work in Manufacturing by smartasset in their study this year. Data on 483 metro areas was considered and ranked according to six factors:
  • Manufacturing as a percent of workforce
  • Job growth from 2012 to 2015
  • Job growth from 2014 to 2015
  • Income growth from 2010 to 2015
  • Income growth from 2014 to 2015
  • Income after housing
  Advanced manufacturing can be found throughout Virginia’s New River Valley. The region is home to several major employers including Volvo (Pulaski County), Corning Inc. (Montgomery County), Celanese (Giles County), Kollmorgen (Radford), and Hollingsworth & Vose (Floyd County). Plus, training programs at New River Community College directly support the skills needed to work at companies in our region.  
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  Virginia’s New River Valley: For those searching for an inspiring place to live and do business, Virginia’s New River Valley provides both an eclectic small town atmosphere and an innovative, collaborative business community with a loyal, highly skilled, and educated workforce. Offering the best of both worlds – magnificent mountains, cutting-edge research, arts, entertainment, and education – it’s 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.

Stephen Moret Visits Virginia’s New River Valley

New River Valley, VA – Stephen Moret, the new President and CEO of the Virginia Economic Development Partnership, visited Virginia’s New River Valley earlier this month to better understand the area’s economic development assets. 

Over a two-day visit hosted by the New River Valley Economic Development Alliance, Moret dined with eight business executives; visited major employers in the manufacturing and technology sectors; held a round table with officials from Virginia Tech, Radford University and New River Community College;  met with local economic development officials from eight localities; and shared his vision for economic development with almost 100 regional stakeholders at the Alliance’s quarterly luncheon.

One of the major employers Moret visited was the Volvo Trucks USA assembly plant in Dublin, Virginia.  The 1.6 million-square-foot manufacturing facility is not only the largest Volvo truck manufacturer in the world, but is also the largest employer in Pulask County.  Marcus Thompson, “Inspiration Manager” and senior leader on the Volvo Trucks North America team, led the tour and introduced Moret to several workers who had all been with the company for 15+ years.

Rounding out the tour, Thompson led Moret around the nearly-complete Customer Experience Center and explained that crafting both a perfect employee experience—employees have implemented 30,000+ new ideas at the plant and weekly food carts offer rotating perks like liege waffles or Italian ice—and top-notch customer experience is key for this Volvo facility.

Moret also met with Meghan Goodman, Senior HR Manager, University Recruiting, at Rackspace in Blacksburg, Virginia.  Goodman led Moret on a tour of the company’s satellite office in the Virginia Tech Corporate Research Center, pointing out climbing walls, latte stations, and natural landmark-themed break-out rooms, and explained that Rackspace’s key to success lies in its recruiting wins at Virginia Tech and Radford University.

With highly competitive IT programs at both Virginia Tech and Radford, Goodman explained, the New River Valley is an easy fit for Rackspace.  Additionally, employees at the Blacksburg office tend to be long-tenured, with many transferring out of Blacksburg to San Antonio or San Francisco for a few years, but returning to establish their families and careers in the New River Valley.

At the end of his visit, Moret addressed almost 100 regional stakeholders at the Alliance’s quarterly luncheon and shared his vision for economic development in the Commonwealth.  “Since 2009, when Virginia was the #1 Best State for Business, we’ve fallen steadily in the rankings,” he admitted.  “Now,” he explained, “it’s time to bounce back.”  Moret’s plans include  increasing the Commonwealth’s marketing and adverting budget, focusing on bringing new jobs to Virginia in the technology and advanced manufacturing sectors, and building better partnerships between localities, regions, and VEDP.

Regarding his time in the New River Valley, Moret was highly complimentary.  “This region is perfectly situated for a big IT or manufacturing project,” he told the luncheon attendees.  Between an excellent quality of life, excellent higher education assets, and a collaborative business community, he explained, the region is a perfect fit for companies looking to expand their offices to smaller metro areas.

Looking to the future for both the Commonwealth and the New River Valley, Moret reminded the group, “Economic development is a team sport” – and we’re all key players in winning the game.

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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.

Governor McAuliffe Announces $38.1 Million Volvo Group Investment in Pulaski County

Volvo to upgrade truck plant, develop Customer Experience Center, add 32 jobs in New River Valley

DUBLIN – Governor Terry McAuliffe announced today that the Volvo Group will invest $38.1 million at the New River Valley (NRV) assembly facility in Pulaski County, where all Volvo Trucks models for North America are assembled. The investment will allow Volvo to make several plant upgrades and build a 36,000-square-foot Volvo Trucks Customer Experience Center on the NRV grounds. In addition to the investment, Volvo will add 32 new jobs at NRV.

Speaking about today’s announcement, Governor McAuliffe said, “Growing the advanced manufacturing industry is a key part of our efforts to create jobs, diversify and build a new Virginia economy. This is the largest Volvo truck manufacturing facility in the world, and we are pleased that the Volvo Group chose Virginia for this significant expansion that will ensure its success and longevity in Pulaski County for years to come.” “This announcement is a testament to the great workforce and best-in-class business environment in Pulaski County and the Commonwealth,” said Secretary of Commerce and Trade Maurice Jones. “The advanced manufacturing industry in Virginia continues to gain momentum, and we are proud that Volvo is a leader in this key sector.” Volvo Trucks provides complete transport solutions for professional and demanding customers, offering a full range of medium to heavy-duty trucks. Customer support is secured via a global network of 2,200 dealers and workshops in more than 120 countries. Volvo trucks are assembled in 16 countries across the globe. In 2014, more than 117,000 Volvo trucks were delivered worldwide. Volvo Trucks is part of the Volvo Group, one of the world’s leading manufacturers of trucks, buses and construction equipment, and drive systems for marine and industrial applications. The Group also provides solutions for financing and service. Volvo’s work is based on the core values of quality, safety and environmental care. “Volvo’s investment in the NRV facility and in the development of a Customer Experience Center is evidence of our commitment to our employees and the Pulaski County community,” said Gӧran Nyberg, president of Volvo Trucks North America. “Our competitive advantage stems from our innovative products and services, and also from our dedicated employees.” The Virginia Economic Development Partnership (VEDP) worked with Pulaski County to secure the project for Virginia. Governor McAuliffe approved a $100,000 grant from the Commonwealth’s Opportunity Fund to assist Pulaski with the project.The Governor also approved a $2 million performance-based grant from the Virginia Investment Partnership program, an incentive available to existing Virginia companies. The company is 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, administered by VEDP. “The Pulaski County Board of Supervisors and County staff are pleased to have assisted Volvo with this effort,” said Joe Sheffey, Chairman, Pulaski County Board of Supervisors. “We are extremely proud of what Volvo has accomplished over the past 40 years. Volvo continues to be a leader in the local economy, in our quality of life and in the environmental care for the community we call home.” “This is fantastic news for Pulaski County and the New River Valley,” said Delegate Nick Rush. “Volvo Trucks is one of the best manufacturers in the world, and their commitment to the New River Valley is a testament to the hard work of its employees and the County’s continued efforts to bring good-paying jobs to our community.” “The Volvo Group has been a valuable community partner in Pulaski County and the New River Valley Region,” said Senator Ben Chafin. “It is great to see Volvo continuing to invest in Virginia. These new jobs are a positive step forward in building a stronger economy in Southwest Virginia.” Since the beginning of the McAuliffe administration, 471 economic development deals have been closed in Virginia with more than $7.799 billion in capital investment, more than any previous governor in his first 20 months in office. Office of the Governor Contact: Brian Coy (804) 225-4260 Brian.Coy@governor.virginia.gov Virginia Economic Development Partnership Contact: Suzanne Clark (804) 545-5806 Sclark@yesvirginia.org Volvo Trucks North America Contact: John Mies (336) 543-9094 John.Mies@volvo.com

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