A U.S. auto supplier with a defined role in the international market is set to expand its operations in the Tidewater area.
Reports like this one from the Daily Press show auto supplier firm Continental is set to put $150 million into new manufacturing facilities in the Newport News, VA area.
The project, which is projected to add 500 jobs to the community, is partially based on a $2 million grant from the office of the Virginia governor and another $4 million grant from the Virginia Investment Partnership Program.
Gov. Terry McAuliffe told reporters through his office that the project will include turbocharger production, as well as the production of fuel injector parts.
A High-Profile Auto Supplier
New plants like this one do more than just churn out parts — they help to develop relationships between communities and large companies. As in the case with the new Volkswagen plan in Chattanooga Tennessee, new facilities or expansions help to provide jobs and lift the economics of the local community, in this case, the areas around Tidewater cities like Newport News, Norfolk and Hampton Roads. The Daily Progress also reports that in this case, the state of Virginia won the project in competitive bids with parties in Mexico. That means this new expansion is also a win for U.S. manufacturing, which many experts have called moribund over the past ten years. On video, Gov. McAuliffe is seen praising the project and its potential, adding that the move doubles the local work force at Continental.
Newspaper reports show that although this is the first time that Continental has made turbochargers in the U.S., plans to offer this kind of technology manufacturing were underway for over four decades
Turbochargers are strategic resources for vehicles that help to improve fuel efficiency — articles like this one show how turbocharger technology makes the most of gasoline engines in conjunction with the exhaust system of the vehicle.
The Role of Business Lawyers
Although corporations are responsible to make their own decisions, they don’t get where they are without input from Virginia business lawyers. Virginia business litigation attorneys and other legal professionals help executives and top decision-makers to chart a course for an enterprise and make sure that its operations are based on solid ground.
Virginia business lawyers have to know their communities. They have to have a keen sense of what’s legal and what’s of her for it in various markets, and what will work in a particular Virginia location.
Call Virginia Business Litigation Attorneys
Virginia businesses rely on business litigation attorneys at firms like Martin Wren P.C. to provide critical business counsel in all phases of corporate growth. Our lawyers are experienced in helping to provide businesses with reliable, consistent legal advice. Ask us how we have helped many Charlottesville and VA businesses to excel in their fields and stand the test of time in local communities.