LS Cable & System Expands in Right to Work Virginia
LS Cable & System is investing $689 million in order to expand in Right to Work Chesapeake, Virginia. This will be a major benefit to the area for many reasons, one of them being that they plan to create over 430 new jobs!
From Area Development Magazine:
“The Port of Virginia is ready to support LS Cable & System’s strategic investment in Chesapeake. […] Advanced manufacturing facilities like LS Cable not only strengthen Virginia’s role in global trade but will help accelerate innovation in the electric vehicle industry. The Port of Virginia is a 21st-century port complex that will provide LS Cable the supply chain efficiency, consistency and connectivity needed to succeed in today’s competitive marketplace.” […]
“Congratulations to LS Cable & System and the entire LS Group on another major investment in Chesapeake. […] The Hampton Roads Alliance is proud to support LS Group and to work alongside the City of Chesapeake as the company advances its commitment to expand U.S. power grid infrastructure. This investment aligns directly with the Hampton Roads Playbook, which prioritizes defense, energy, aerospace, and logistics. Energy security is national security and projects like this further solidify Hampton Roads as a global energy leader.” […]
“LS Cable’s $689 million investment solidifies Chesapeake’s position as a premier destination for advanced manufacturing. […] The establishment of new facilities for magnet wire and sintered rare-earth magnets production will provide much-needed support for U.S. supply chains for emerging mobility technologies and modern energy systems. This project will bring skilled jobs to Chesapeake and will strengthen the long-term industrial competitiveness of our region.”
To read the previous economic update on Right to Work states, click here.