RICHMOND—Governor Ralph Northam today announced that FerraTex Solutions, LLC, a leading provider of cured-in-place-pipe (CIPP) solutions, will purchase the former Compton Wood Products facility in the Bowles Industrial Park in Henry County. The company will invest approximately $1.95 million to renovate and expand the facility to accommodate increasing demand. FerraTex, a wholly owned subsidiary of Applied Felts Inc., will add 15 new jobs at the site located near the Martinsville Applied Felts operation, which has been in Martinsville since 1997 and employs 150 workers.
RICHMOND—Governor Ralph Northam today announced that Braven Environmental, a leader in deriving fuel from landfill-bound plastic, will invest $31.7 million to establish a manufacturing operation in Cumberland County’s shell building. Virginia successfully competed with North Carolina and South Carolina for the project, which will create 52 new jobs. This is the first economic development announcement for Cumberland County since 2009.
RICHMOND— Governor Ralph Northam today announced that Microsoft Corp. will invest $64 million to establish a new software development and R&D regional hub, which will create 1,500 new jobs. The company will occupy 400,000 square feet in the Reston Town Center in Fairfax County for its new location, anticipated to be ready for employees in summer 2021. The plans include a new retail space for engaging directly with customers. Governor Northam met with Microsoft on an economic development mission at its headquarters in Washington in 2019.
1901 Group, Montgomery County
Morgan Olson, Danville
SUFFOLK—Governor Ralph Northam today announced that Amazon is continuing its investments in Virginia with the launch of two new, state-of-the-art operations facilities in Hampton Roads that will create 1,500 new jobs. Amazon will establish a multi-story robotics fulfillment center in the City of Suffolk, creating 1,000 new jobs, as well as a 650,000-square-foot processing center (cross-dock) in the City of Chesapeake, which will bring 500 new jobs. Both operations are anticipated to launch in 2021.
ABINGDON—Governor Ralph Northam today announced that 1901 Group, a leading provider of IT services for the public and private sectors, will invest $1.15 million in Washington County to establish its third Virginia operation, creating 150 new jobs. The new 1901 Group Operations Center at the Virginia Highlands Small Business Incubator in Abingdon will expand the company’s operational footprint and enhance its cloud-based internet technology services. Virginia successfully competed with Pennsylvania, Tennessee, and West Virginia for the project.