Company to Invest $6 Million, Create 175 New Jobs

City of Franklin - Virginia Governor Jim Gilmore today announced the decision by Cresstale Limited to locate its first manufacturing plant outside of England in the City of Franklin. The decision will result in an investment of $6 million and will initially create 175 new jobs for Virginians with employment projected to reach an excess of 400 over the next four years. Cresstale will occupy an existing shell building in Franklin's Pretlow Industrial Park this July.

$20 Million Investment Will Create 1,100 New Jobs

Richmond - Governor George Allen today announced the decision by CarMax, Inc., a subsidiary of Circuit City Stores, Inc., to locate its corporate headquarters in the West Creek area of Goochland County. The headquarters will create 1,100 new jobs, and employment could eventually exceed 2,000.

Lynchburg Facility to Create up to 150 New High-Paying Jobs

Lynchburg - Governor George Allen today announced one of the final economic development deals of his administration at Ericsson in Lynchburg. The company will expand their Mobil Phones and Terminals Unit by creating up to 150 new jobs through a $30 million investment.

Governor Says Foreign Trade Missions Will Pay Long Lasting Dividends - - KMC America to Invest $5 -

Virginia Beach - Governor George Allen today announced that GEICO, the nation's seventh largest automobile insurer, will locate a new customer sales and service center in the Corporate Landing Business Park in the City of Virginia Beach. The $17.3 million capital investment will create 800 new jobs for Virginians. The company projects over 2,000 employees will occupy the facility in five to 10 years. Virginia successfully competed with New York, Pennsylvania and Ohio for the investment.

High-tech Company's $3 Million Investment will Create and Retain 60 Jobs

Radford - Governor George Allen today announced the decision by Kollmorgen Motion Technologies Group to expand their service center in the City of Radford, a $3 million investment which will retain 30 current jobs for Virginia, and create another 30 at a new building at the Radford Corporate Campus West. Virginia successfully competed against New York for the investment by Kollmorgen.

Commonwealth Biotechnologies, Inc. to Create 30 New Jobs, Retain 35

Richmond - Governor George Allen today announced that Commonwealth Biotechnologies, Inc., (CBI), will locate a new 30,000-square-foot state-of-the-art facility in Chesterfield County's Gateway Centre. The $4 million investment will create 30 new jobs for Virginians over the next year-and-a-half, and secure 35 current jobs. Virginia successfully competed with Maryland for the project.

Governor Allen Hails Decision and 67 Jobs for Southwest Virginia

Town of Lebanon - Governor George Allen today announced the decision by the Reynolds Metals Company to locate its new forging and finishing operations at the company's existing wheel manufacturing plant in Southwest Virginia. The Fortune 500 Virginia-based company will invest $26 million in the facility creating 67 new jobs for Russell County. Virginia successfully competed with Wisconsin and Canada for the investment.

Plumbing Supply Distributor to Create 125 Jobs in the Shenandoah Valley

Richmond - Representatives from the Virginia Economic Development Partnership, Virginia's Center for Innovative Technology, and businesses from across the Commonwealth recently attended COMDEX/Fall '97, one of the world's leading computer and communications trade shows, held in Las Vegas. Local and regional economic development allies also provided support. In 1997, more than 2,500 exhibitors played host to over 220,000 visitors, including more than 40,000 international visitors.