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.
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.