By Tim Ryan
In a significant boost to the local economy, Liebherr Mining Equipment is set to expand its operations in Virginia, creating 175 new jobs. The company will invest $72.3 million to enhance its plant facilities in Newport News and Hampton. This expansion will bolster manufacturing capabilities and support Liebherr’s global production and service efforts.
Governor Glenn Youngkin praised the strategic location of Virginia, highlighting its importance as a global production hub. Liebherr’s expansion is a testament to the robust business climate and skilled workforce in the region. Cort Reiser, Managing Director at Liebherr, expressed gratitude for the partnerships with local cities and the Commonwealth of Virginia, emphasizing the mutual benefits of this investment.
Virginia’s Secretary of Commerce and Trade, Caren Merrick, underscored the state’s attractiveness to manufacturing companies, citing the superior talent pool and strong business environment. Stephen A. Edwards, CEO of the Virginia Port Authority, noted the ongoing productive relationship with Liebherr and the benefits of Virginia’s positive business climate.
The Virginia Economic Development Partnership, along with Newport News and Hampton, played a crucial role in securing this project. The expansion is supported by a $1.5 million grant from the Commonwealth’s Opportunity Fund and benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. Additionally, the Virginia Jobs Investment Program will aid in training new employees.
