Virginia Governor Ralph Northam – November
New research and development center to create 97 new jobs
RICHMONDâGovernor Ralph Northam today announced that BWX Technologies, Inc., a leading supplier of nuclear components and fuel to the U.S. government, will make a multi-million dollar investment to establish a manufacturing and research center and development to showcase its services and technology in Campbell County. . The new center, called BWXT Innovation Campus, will be located on an 11-acre property adjacent to the company’s existing facilities.
Virginia successfully competed with three other states for the project, which is expected to create 97 new jobs with an expected average salary of more than $ 115,000 per year.
âBWXT’s continued investments in the Commonwealth are a testament to our world-class higher education institutions and our talented workforce,â Governor Northam said. âWhen we invest in people, companies invest in Virginia–and that’s exactly what happened. We look forward to the continued success of BWXT.
Lynchburg-based BWXT is among the Fortune 1000’s Top 100 Manufacturing and Engineering Innovators and Defense News which provides safe and efficient nuclear solutions for global security, clean energy, environmental remediation. environment, nuclear medicine and space exploration. With approximately 6,700 employees, BWXT has 12 major operating sites in the United States and Canada. In addition, BWXT joint ventures manage and operate more than a dozen US Department of Energy and NASA facilities. The company currently has three sites in central Virginia and employs 2,630 people at these facilities.
âIt’s exciting to see BWXT expand and diversify its already extensive operations in Central Virginia and Campbell County with this new innovation campus. ” said Secretary of Commerce and Commerce Brian Ball. âThe creation of 97 new well-paying jobs is a welcome addition to the region’s economy. We thank BWXT for its investment in the Commonwealth and look forward to continuing our partnership with the company. “
BWXT plans to move 150 employees from nearby facilities to the new campus, as well as its nuclear services group and its research, development and production center for new microreactors and nuclear fuels designed for space exploration and national security. BWXT plans to make significant investments in capital improvements to the facility through 2023. The company also plans to make substantial investments in machinery, tools and tangible personal property during the same period for support the expected growth in the microreactors and fuels sector. When fully developed, the Innovation Campus will serve as the company’s âfactory of the futureâ exhibit for visiting clients that include NASA, the Department of Defense and the Department of Energy.
âCampbell County and Central Virginia have been home to our thriving nuclear manufacturing business for 65 years. ” said BWXT, Inc.’s president of government operations, Dr Rob Smith. âBWXT plans to continue to invest locally in the company, our employees, our community partners and our schools to extend this legacy. We are grateful for the support of the Commonwealth of Virginia, Campbell County, and the Lynchburg Regional Business Alliance.
The Virginia Economic Development Partnership worked with Campbell County and the Lynchburg Regional Business Alliance to secure the project for Virginia. Governor Northam approved a $ 400,000 grant from the Commonwealth’s Opportunity Fund to help Campbell County with the project. A performance-based grant of $ 700,000 from the Virginia Investment Performance Grant was also awarded, designed to encourage continued capital investment by existing Virginia companies. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
“Campbell County is delighted to join our state and regional partners in celebrating the expansion of BWXT,” Campbell County Administrator Frank Rogers said. âBWXT has a long history in Campbell County and we are grateful for its strong corporate citizenship as an employer and supporter of community programs. We look forward to the continued growth and advancements that this remarkable investment will bring to the field of nuclear technology and to our region. “
“BWXT is a long-time innovator and partner in the Lynchburg area, and a great employer,” said Lynchburg Regional Business Alliance CEO and Chief Economic Officer Megan Lucas. âThis was a competitive project between Virginia and three other states, and the fact that our region was selected speaks volumes about the competitive advantages our region offers. We are proud that BWXT continues to choose to invest in our Virginia area. This new innovation campus will retain young local talents from universities in the region and will create many quality jobs and new technologies that will propel us to greater heights in the fields of health, energy and space exploration.
“, said Senator Stephen Newman. âThis new facility will help develop coated fuel fabrication, create a pilot medical isotope program and encourage innovative technologies within the company’s space program. All of this will further consolidate the region as a world leader in advanced nuclear solutions. And, more importantly, the 97 new jobs will have a positive impact on the lives of individuals and families in the community.
“It’s exciting to see that BWXT has the same confidence in Virginia that Virginia has in herself,” said delegate Matt Fariss. âBWXT has been a great partner and an important part of Central Virginia’s economy for a long time and we look forward to continuing to develop this relationship for many years to come. “
# # #