Its purpose is to help Virginia-based manufacturers increase capacity, expand operations and modernize facilities. Legislation to create VIP has been submitted by the governor for approval by legislators. Volvo Trucks will not discuss details of the economic grants, tax credits or tax incentives offered by Pulaski County and the Commonwealth until the legislation is approved. Construction of Volvo Trucks' expanded facilities is scheduled to begin in 1999. Each of four existing buildings will be expanded or upfitted with new systems and equipment.
Plans also call for new facilities as well as improvements to local roadways.
Increased production levels will be achieved as a result of a larger work force and the use of advanced manufacturing and environmentally friendly technologies. The decision to expand NRV was based on people. Our employees are very highly skilled and dedicated to producing trucks that have earned the highest customer rating for quality in North America. Another critical factor in the decision to expand its operations was the support from by officials from Pulaski County, the New River Valley Economic Development Alliance and the Commonwealth of Virginia, the company said. Volvo Trucks also considered sites in South Carolina and Mexico for its expanded operations.