Brazilian company opening first U.S. location, creating 40 jobs in Pulaski Co.
RADFORD, Va. (WSET) - Governor McAuliffe announced Friday 40 new jobs are coming to Pulaski County.
McAuliffe announced a Brazilian-based manufacturer, Koinonia Ltd., will invest $4.9 million to establish its first U.S. manufacturing operation in the ShaeDawn Industrial Park in the county.
Officials say Virginia successfully competed against Indiana, North Carolina, Ohio, and Tennessee for the project.
“Koinonia’s first U.S. manufacturing operation is an important win for the commonwealth and the New River Valley,” said Governor McAuliffe, speaking at the event. “Pulaski County’s strategic location and the region’s thriving automotive industry present solid future opportunities for the company as a supplier, pushing Virginia ahead of our competition. Koinonia selecting the commonwealth as its gateway to the U.S. market speaks volumes about our business environment and workforce, and we are proud the company will join our efforts to build a new Virginia economy.”
The company was founded in 2016, and is a subsidiary of Koinonia Fitas e Pecas Tecnicas e Espumas Ltda, a Sao Paulo, Brazil-based company founded in 2009.
“It’s an honor to welcome Koinonia to Pulaski County and to the growing sector of international advanced manufacturing companies, which currently represent more than $118 billion in direct annual economic output across Virginia,” said Secretary of Commerce and Trade Todd Haymore. “Koinonia is a supplier to a variety of industries and companies and undoubtedly will be a key economic asset to the New River Valley.”
The Virginia Economic Development Partnership worked with the Pulaski County and Onward New River Valley to secure the project for Virginia.
“We are thankful to the Governor and his economic development team for their support and assistance with securing this, our third new jobs announcement this year. These successes have yielded more than $55 million in new capital investments and approximately 200 new jobs for Pulaski County,” stated Jonathan D. Sweet, County Administrator, Pulaski County. “The Board of Supervisors has made it a priority for Pulaski County to become the center of international business and the advanced manufacturing hub of Southwest Virginia, and Koinonia’s commitment to join our esteemed international business community is further confirmation of our strategic efforts. The Koinonia family will be Pulaski County’s eighth international business that collectively represents more than 3,850 jobs in the New River Valley region of the Commonwealth, and we are immensely honored to have earned the company’s investment, trust, and friendship.”
McAuliffe approved a $100,000 grant from the Commonwealth's Opportunity Fund to assist the county with the project.