Botetourt County, Virginia, has announced a new economic development project that will bring a transportation and logistics company to the region, along with 45 new jobs and a $50 million investment. The company, which has not been named yet, will operate a distribution center and a trucking terminal on a 150-acre site near Cloverdale.
A strategic location for transportation and logistics
The new company chose Botetourt County for its strategic location, which offers access to major highways, railroads, and airports. The county is also part of the Roanoke Region, which has a strong transportation and logistics cluster, with more than 200 companies and 8,000 employees in the sector.
According to Botetourt County Administrator Gary Larrowe, the project will enhance the county’s reputation as a transportation and logistics hub, and will also diversify its economy and tax base. He said that the county has been working on the project for more than a year, and that it involved collaboration with multiple partners, including the Virginia Economic Development Partnership, the Roanoke Regional Partnership, the Virginia Department of Transportation, and the Virginia Tobacco Region Revitalization Commission.
A significant impact on the local economy and workforce
The new company will create 45 new jobs, with an average annual salary of $60,000, which is well above the county’s median income. The company will also invest $50 million in the site, which will include a 500,000-square-foot distribution center and a 25,000-square-foot trucking terminal. The company will also make improvements to the site’s infrastructure, such as roads, utilities, and stormwater management.
The project is expected to have a significant impact on the local economy and workforce, as it will generate new tax revenues, support local businesses, and provide opportunities for career advancement. The company will also participate in the Virginia Jobs Investment Program, which will provide funding and services for employee training and recruitment.
A positive outlook for the future of Botetourt County
The announcement of the new transportation and logistics company is the latest in a series of economic development successes for Botetourt County, which has attracted more than $300 million in private investment and more than 1,000 new jobs in the past five years. The county has also been recognized as one of the best places to live, work, and play in Virginia, with its high quality of life, natural beauty, and cultural heritage.
The county’s Board of Supervisors Chairman Billy Martin said that the project is a testament to the county’s vision, leadership, and teamwork, and that it will benefit the county and the region for years to come. He said that the county is looking forward to welcoming the new company and its employees, and that he is optimistic about the future of Botetourt County.