Virginia Economic Expansion: Lowe’s Companies Adds Facility in Right to Work Virginia

You know the name – Lowe’s. After all, Lowe’s Companies is a major retail company. Now, they are establishing a new Lowe’s holding facility in Right to Work Suffolk, Virginia. As a result, this will create 100 new jobs. So this is great economic news!

From Area Development Magazine:

“As we work to enhance Lowe’s supply chain capabilities, which includes expanding our coastal holding facility network, this new facility in Suffolk will complement the 69 stores Lowe’s operates across Virginia by enabling us to better manage imported product flow. […] We selected Virginia and the City of Suffolk because of its proximity to The Port of Virginia, as well as the uniquely skilled workforce in the local area. This coastal holding facility is part of an ongoing investment in Lowe’s supply chain to better serve our stores and customers.†[…]

“As the supply chain sector continues to gain momentum, we are proud to welcome Lowe’s new coastal holding facility to the City of Suffolk. […] More than 4,600 supply chain operations are located throughout the Commonwealth, which has emerged as America’s East Coast logistics hub, and the company’s new operation in the Virginia Port Logistics Park will provide direct access to critical customer markets.†[…]

“This is a strategic decision by Lowe’s to build a coastal holding facility within minutes of the East Coast’s most modern port. […] We’re going to work with the Lowe’s team to help it leverage our assets and operating model to better ensure predictability and reliability in the company’s supply chain. The return for the region is significant when measured in terms of jobs, economic investment, and having a FORTUNE® 50 company as a member of the region’s business community. We are excited about the opportunities of having Lowe’s as a neighbor and look forward to a very collaborative and beneficial relationship.â€

AREA DEVELOPMENT MAGAZINE

To read the previous Area Development update on Right to Work states, click here.

To read more updates on Right to Work states, click here.