VIRGINIA BEACH, Va. - Governor Terry McAuliffe announced Tuesday that Global Technical Systems will invest $54.7 million on a new electro-mechanical energy storage system manufacturing operation in Virginia Beach.
The land was being used as a golf course and driving range, but the city wants to build on the land as long as the lease holder complies with the building requirements of NAS Oceana and the Navy, as the land is very close to the base.
The company is a provider of advanced engineering solutions for defense, homeland security and related U.S. Government and international customers.
The 500,000 square foot facility will create approximately 1,100 jobs. Warren Harris, the Director of Economic Development, said jobs would employ Virginia Beach residents but also bring people from all over the nation into this area. The average salary for a worker at the proposed plat is $74,000.
Construction will start in the first quarter of 2018 and the facility will be operational in 2019.
