This joint venture of two major corporations, Motorola and Siemens, represents one of the largest and most significant economic developments in the history of Henrico County and the surrounding metropolitan area. This facility is expected to add 700 to 1,000 employees. Hewlett-Packard has also established a presence in White Oak with approximatley 2 million square feet of space, employing nearly 1,000 people. Another economic development coup occurred in the County in 1996 when Pittston Corporation, a Fortune 500 company, announced that it was moving its corporate headquarters here from Stamford, Connecticut. I was quite pleased to welcome Pittston and 100 new jobs to Henrico.
Economic development involves retaining existing businesses as well as attracting new enterprises.
I listen closely to all segments of the business community and use my position on the Board of Supervisors to help unravel the governmental red tape that is especially frustrating to the small business owner. In addition to providing jobs for our citizens, businesses shoulder a major portion of the County's tax load and make it possible for your County government to offer a high level of public services. With this in mind, I am continually assessing the needs and concerns of our businesses, regardless of their size or the type of enterprise. In September 1992, I had the honor of presenting an honorary share of Henrico County stock to racing legend Richard Petty during his Final Goodwill Tour at the Fairgrounds. The honorary stock certificates have subsequently been used to recognize new and expanding businesses in Henrico County as well as individuals and groups who have made extraordinary contributions to our community.