Enclosed cargo trailer manufacturer Interstate Group LLC will invest $4.1 million to establish a 100,000-square-foot manufacturing and distribution operation in Virginia’s New River Valley area, Governor Terry McAuliffe announced Jan. 5. Virginia successfully competed against North Carolina for the project, which will create 83 new jobs to be located in the former GE Fairchild Mining Equipment plant in Glen Lyn.
“We are thrilled that Interstate Group has selected Giles County and the Commonwealth as the home of its East Coast operations,” said McAuliffe. “This important project will not only create new jobs for an area that has been hard hit by recent closures, it will bring a shuttered plant back into productive use. With one of the nation’s largest transportation networks, an outstanding workforce, and competitive operating costs, the Commonwealth is the ideal location for Interstate Group as it expands its footprint. This is a major win for the New River Valley, and we are proud the company will contribute to our efforts to diversify and build a new Virginia economy.”
Founded in 1995, Interstate Group LLC is headquartered in Nampa, Idaho, and has manufacturing plants in Arkansas, Arizona, and Idaho.
“Interstate is excited to select Glen Lyn as the location for our fourth and largest manufacturing plant,” said Michael Snow, CEO of Interstate Group. “We looked at other states in the region and at multiple locations in Virginia. The opportunity to repurpose an existing facility, combined with the incentives we received from the Commonwealth and Giles County, will help us reduce the cost of our investment while preserving our culture of high incentive-based pay for our team members. I have been very impressed with the understanding and responsiveness of the state and local officials to our needs and timelines. We look forward to being part of this community and making it the foundation of our growth on the East Coast.”
The Virginia Economic Development Partnership worked with Giles County and Onward New River Valley to secure the project for Virginia. Governor McAuliffe approved a $200,000 Commonwealth’s Opportunity Fund to assist the County with the project. The company will be eligible to receive Sales and Use Tax Exemptions on manufacturing equipment, and will also be eligible to receive a Major Business Facility Job Tax Credit. Funding and services to support Interstate Group’s employee training activities will be provided through the Virginia Jobs Investment Program.