VersAbility Resources will expand recycling operation to Virginia Beach
VersAbility Resources, based in Hampton, will expand its electronics recycling operations to Virginia Beach. The company said the move would allow it to grow both operations and services.
The new location of 130,000 square feet of industrial space at 2600 International Parkway also allows for additional expansion later. The recycling and distribution facility will open this summer, providing employment to individuals with disabilities who will disassemble, sort, and aggregate computers.
At the Virginia Beach site, VersAbility will be a material aggregation hub for CyclePoint – a nationwide framework of nonprofits serving people with disabilites who perform electronics recycles.
Area businesses can contact VersAbility for IT Asset Disposal, including computers, servers, cell phones, keyboards, printers, modems, projectors, video/DVD/Blu-ray players, consumer electronics, household appliances, telephone equipment and televisions.
The Virginia Beach Development Authority approved an Economic Development Investment Program grant in the amount of $30,000 based on the capital investment of $2.25 million in real estate, furniture, fixtures, equipment, machinery and tools.
The facility is located in the YesOceana corridor of Virginia Beach. Christopher E. Todd of the Norfolk office of Colliers International handled the transaction on behalf of VersAbilitity.