BOTETOURT COUNTY, Va. (WSET) — Governor Glenn Youngkin announced on Tuesday that Altec Industries, a global industrial machinery manufacturer, will invest $1.4 million to expand the production of Altec’s construction equipment product line in Botetourt County.
Virginia successfully competed with other states for the project which will create 150 new jobs and additional investment in the existing facility.
The company established its Botetourt County facility in 2001 at the Botetourt Center at Greenfield. Altec, Inc. is a privately held company that produces aerial devices, digger derricks, and boom truck cranes, as well as many other truck body tools used by a broad spectrum of industrial customers. Altec provides products and services in more than 100 countries throughout the world.
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“Altec Industries has a well-established reputation as an outstanding corporate steward in Botetourt County, and this expansion bolsters the company's commitment to the region and to Virginia,” said Governor Glenn Youngkin. “Creating 150 new jobs and reinvesting in the region sends a clear message to manufacturers that the Commonwealth is the right place to locate and grow, and we look forward to a continued partnership with Altec.”
“This is great news for the residents of Botetourt County,” said Congressman Ben Cline (R-6th District). “This significant investment to expand Altec’s operations in Virginia’s Sixth District will go a long way in creating new job opportunities and economic development. I look forward to seeing this funding positively impact the area for years to come.”
“I am pleased that Altec is further investing in Botetourt County and its community,” said Senator Steve Newman (R-23rd District). “Altec has been a valued member of the Botetourt County family for years, and I am grateful for their continued investment and job creation in the region. I look forward to seeing Altec advance their capabilities and improve the quality of life for their workforce in Daleville.”
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The Virginia Economic Development Partnership worked with Botetourt County and the Roanoke Regional Partnership to secure the project for Virginia and will support Altec’s job creation through the Virginia Jobs Investment Program (VJIP), which provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities.