LS Cable & System Chooses Right to Work Virginia for New Location
LS Cable & System has plans to invest a total of $681 million in order to establish a new location in Right to Work Chesapeake, Virginia. As a result, they will also create 330 new jobs. So this is an exciting economic development for the Right to Work state and shows how companies are naturally drawn to these environments, therefore creating new opportunities.
From Area Development Magazine:
“This state-of-the-art facility represents our commitment to pushing the boundaries of technology and engineering. […] This facility will not only enhance our capability to meet the growing global demands for submarine power cables but will also position us at the forefront of the industry.” […]
“We are proud that LS GreenLink has chosen the Commonwealth of Virginia to build its submarine cable facility and become a partner in advancing our goal of becoming the market leader in offshore wind technology, development, and deployment.” […]
“This significant investment by a world-leader in subsea cable manufacturing enhances Virginia’s reputation as the East’s premier offshore wind logistics hub. […] This strategic decision demonstrates how competitive Virginia is in attracting world-class industry and how the offshore wind industry in Virginia is gaining momentum. The port is ready to support GreenLink’s nearly $700 million investment in Chesapeake, and we look forward to building a collaborative and productive relationship with the newest member of the offshore wind community.” […]
“I would like to congratulate LS GreenLink USA on the decision to locate their first US offshore wind cable manufacturing facility in the City of Chesapeake. […] This is a significant event. In addition to the direct benefits to the Hampton Roads economy, this decision reflects our region’s desire and ability to serve as one of the primary hubs of the offshore wind industry in the US. We eagerly celebrate this announcement and will continue working to grow the offshore wind industry in Hampton Roads.”
AREA DEVELOPMENT MAGAZINE
To read the previous economic update on Right to Work states, click here.