NORFOLK, Va. - Governor Ralph Northam announced Friday that CMA CGM Group, a shipping and logistics company, will retain its North American headquarters in Norfolk and create 400 new jobs in Hampton Roads and Northern Virginia.
CMA CGM currently employs around 655 people in Norfolk.
According to a press release from Northam's office, the company will invest a projected $36 million to expand customer care and finance operations in Hampton Roads and establish ZEBOX in Arlington County, a start-up incubator and accelerator. ZEBOX will assist innovative start-ups in developing new technologies for transportation, logistics, mobilities and industry 4.0.
Virginia was selected following a competitive site-selection search that included competing markets in other states, and the majority of the new positions will be located in Hampton Roads.
“This project is a tremendous victory for Virginia that will add significant momentum to our economic recovery as we emerge from this pandemic,” Northam said. “Hampton Roads has a well-deserved reputation as a maritime services hub and our renowned tech workforce in Northern Virginia continues to attract leading companies. Securing CMA CGM’s expansion sends a powerful message that The Port of Virginia stands among the world’s greatest and our Commonwealth is prepared to keep adapting to the demands of our global economy.”
CGA CGM Group is headquartered in Marseilles, France and serves 19 ports in the United States, including Virginia's port. Its 538 vessels serve more than 420 ports globally and carried nearly 22 million twenty-foot equivalent units (TEUs) in 2019.