Military contractor Northrop Grumman will invest $200 million to build an advanced electronic manufacturing and testing facility in the City of Waynesboro with an eye toward creating more than 300 jobs within five years.
The private company’s decision has been helped along by an $8.5 million from the Commonwealth’s Opportunity Fund that will assist the city government. The news was announced this morning by Governor Glenn Youngkin.
Applicants for those jobs will be fueled by the Virginia Talent Accelerator Program, an initiative of the Virginia Economic Development Partnership.
“Launched in 2019, the program accelerates new facility start-ups through the direct delivery of recruitment and training services that are fully customized to a company’s unique products, processes, equipment, standards, and culture,” reads a press release for the announcement.
According to its website, Northrop Grumman has over 100,000 employees in space, aeronautics, defense, and cyberspace with corporate headquarters in Northern Virginia.
Northrop Grumman is the 22nd largest employer in the Thomas Jefferson Planning District, according to data from the Virginia Employment Commission. The defense industry is one of the top industries targeted by economic development officials in Albemarle County.
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