“For the past 40 years Liebherr has established a strong infrastructure in Newport News and Hampton. The area has a wealth of experienced workers and is in close proximity to our supplier and main customer base,” said Joachim Janka, president, Liebherr Mining Equipment, Newport News Co. “As a family-owned business, Liebherr benefits from the ability to make countercyclical investments. We invest during unfavorable economic conditions to achieve superior returns in the long run. We believe in the resilience of the American economy and will be prepared to excel when market conditions improve.”
The Virginia Economic Development Partnership worked with the city of Newport News, the city of Hampton and the Hampton Roads Economic Development Alliance to secure the project for Virginia. Virginia Governor Rob McDonnell approved a $500,000 grant from his Opportunity Fund to assist Newport News with the project. McDonnell also approved an $800,000 performance-based grant from the Virginia Investment Partnership program, an incentive available to existing Virginia companies. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance will provide funding and services to support the company’s recruitment and training activities.
