Virginia Beach contractor moving headquarters within Virginia Beach
- June 19, 2018
Custom Panel & Controls LLC said Tuesday it is expanding in Virginia Beach. The company is relocating its headquarters to a larger space and adding 15 jobs, almost doubling its workforce.
Custom Panel & Controls LLC, an electrical contractor for marine and commercial industries, will occupy 13,000 square feet of class B warehouse space at 504 Viking Drive in Oceana West Industrial Park. The company, founded in 2014, has been located at 2697 International Parkway since 2015.
The company plans to make a capital investment of more than $2.3 million for real estate, furniture, fixtures and equipment, and machinery and tools. The Virginia Beach Development Authority has approved a $75,000 grant based on the capital investment in the APZ-1 YesOceana zone. The grant funds will be used to offset machinery and equipment purchase.