Marine and industrial products manufacturer to locate in Virginia Beach
- July 15, 2014
A Canadian marine and industrial products manufacturer is planning to open its first U.S. Location in Virginia Beach, creating 70 new jobs over three years.
Canada Metal (Pacific) Ltd., based in Vancouver, will invest $3 million on the project on Horse Pasture Road, according to the governor's office.
“Virginia Beach came out ‘head and shoulders’ above all other locations due to its highly skilled labor force, excellent logistics, and, most importantly, having a culture that personifies our desire to be fully integrated within the community in which we conduct our business," Jim Stuart, vice president of business development for Canada Metal, said in a statement.
The company will be eligible for sales and use tax exemptions on manufacturing equipment.