CHESTERFIELD, VA (WWBT) – A Fortune 100 company is expanding and creating new jobs in central Virginia. Monday, Gov. Bob McDonnell announced that Honeywell will pump millions into its local manufacturing efforts.
It's a lifesaving police and military partner that barely sees the light of day: The polyethylene fiber underneath the uniform, better known as a bullet proof vest. Several police agencies in central Virginia are protected by vests with components made here...at Honeywell. And now, this Fortune 100 company is expanding.
Suzanne West is with the Virginia Economic Development Partnership.
"They have confidence in the operation and Chesterfield County as well as the business environment in Virginia," West said.
Honeywell will invest more than $27 million and create 50 new jobs according to McDonnell's office, adding to a Chesterfield workforce of about 300 people.
McDonnell said Virginia successfully beat out North Carolina and South Carolina for the project, with the help of a $300,000 performance-based state grant.
Critics often question why tax dollars are used to support private companies, but economic development leaders say if not Virginia, then some other state would…taking the jobs in the process.
"Every state has a strong incentive program and Virginia often competes against states that even, in some cases, offer more money, and the company chooses Virginia because of our business environment," West said.
Honeywell will benefit from state support in both the recruitment and training of new workers, carrying on the work of a company that's been in Virginia since 1928.
Honeywell has approximately 1,800 workers employed at 17 facilities statewide.