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Fortune 500 company to bring 1,600+ jobs to Norfolk by mid-2017

Posted at 8:04 AM, Mar 15, 2016
and last updated 2016-03-15 13:06:10-04

Norfolk, Va. - Human-resources firm ADP (Automatic Data Processing) plans to bring 1,600 to 1,800 high-paying jobs to Norfolk by mid-2017, Virginia Governor Terry McAuliffe confirmed on Tuesday during a press conference in Norfolk.

Norfolk had already agreed to spend $5 million from the Commonwealth Opportunity Fund as incentive to lure ADP to the city. It has been expected that the company will move into offices at 2 Commercial Place, across from the Bank of America building.

Virginia Governor Terry McAuliffe presents Norfolk Mayor Paul Fraim with a $5 million check from the Commonwealth Opportunity Fund

Virginia Governor Terry McAuliffe presents Norfolk Mayor Paul Fraim with a $5 million check from the Commonwealth Opportunity Fund

The job announcement is the largest by a private company in Norfolk in recent history, Norfolk Mayor Paul Fraim said. The addition of ADP to Norfolk is expected to have an overall economic impact of approximately $465 million.

"We look forward to long lasting relationships with the City of Norfolk and the people of Virginia," ADP said in a statement.

ADP currently ranks No. 251 on the Fortune 500 list of the largest U.S. corporations.