Prism Maritime LLC to build two Chesapeake facilities
The expansion is expected to create 166 jobs.
Chesapeake-based government contractor Prism Maritime LLC will invest $4 million to construct two 12,000-square-foot facilities in Chesapeake, creating 166 jobs, Gov. Ralph Northam announced Friday.
The facilities will be used for manufacturing, lab and storage space and will be located in the Greenbrier North Commerce Park.
Founded in 2006, Prism Maritime provides engineering, research, development and other services to military clients. They help integrate technology improvements for land-based and shipboard systems.
“We are very excited about the expansion of our operations in Chesapeake,” Ron Lee, CEO and president of Prism Maritime said in a statement. “This new fabrication facility allows Prism to continue to support the Navy with even more services on our prime contracts, as well as expanding our customer base within the commercial maritime industry.”
Virginia competed with California for the project. The Virginia Economic Development Partnership worked with the city of Chesapeake to secure it. VEDP will support Prism Maritime through the Virginia Jobs Investment Program, which provides companies creating jobs with state funding to support employee recruitment and training activities.
“The maritime industry is a key economic force for the Hampton Roads region and the entire commonwealth,” Northam said in a statement. “Prism Maritime’s continued growth is evidence of the high-quality infrastructure and workforce pipeline that helped Virginia earn consecutive titles as CNBC’s best state for business.”