RICHMOND, VA (WWBT) - Nearly two hundred new jobs are headed to the area and it's all part of a $28 million expansion project.
Friday morning, Governor Bob McDonnell announced that Pharmaceutical Product Development or PPD is increasing it's footprint. The company will invest millions to expand its lab services division on Dabney Road in Henrico County.
The expansion will create 190 new jobs. That's good news says the county manager.
"More jobs means more money into the system which means more money through the system which means more jobs and we think it's fantastic," said Virgil Hazelett."
PPD has offices in 42 countries. I'm told the company chose to expand in Henrico because of the available skilled workforce in the region.
The first wave of hirings will take place early next year. A spokesperson with the company says PPD plans on recruiting locally to fill those spots.
The senior vice president at the Henrico office says the company will reach out to local colleges and universities to help find qualified candidates.
Positions will include scientists, programmers, and auditors. The first group of new hires will be trained and in place by July first. And then there are the construction jobs.
"This is an expansion it will be of course bricks and mortar expansion as well as equipment meaning increased product development and increased product usage and yes they'll be more revenue taxes," said Hazelett.
The county administrator calls the news a gift that has come at the right time.
"It's a present to Henrico County if you will. It says they have confidence in the Richmond metro area and Henrico County that we can provide the services and that the tax rates are low," said Hazelett.
Those 190 jobs will be filled over the next three years -- more than half of the positions will be filled early next year. Construction on the expansion is expected to be complete in April 2011.