Talent Accelerator Program is a Welcome Mat for Foreign Investors
November 30, 2020
In February 2020, Navien, Inc., a leader in condensing technology for water heaters and boilers, announced it would invest $77.5 million to establish its first U.S. manufacturing and assembly operation in the former Lumber Liquidators facility in James City County, which will create 180 new jobs. The company is tripling the footprint of the existing building, bringing it to nearly 900,000 sq. ft. Virginia successfully competed with Illinois, Maryland, and Pennsylvania for the project. Navien, Inc., a U.S. subsidiary of Seoul-based KD Navien, is one of the fastest growing companies in the home comfort sector in North America.
Why Virginia?
“The close proximity of this property to the Port of Virginia and the flexibility to expand and allow for Navien’s continued investment over time helped us make this decision,” said Navien CEO Sangkyu Lee. “Establishing an East Coast facility will support Navien’s growth and allow for faster delivery to primary eastern markets while balancing current shipments coming into California. We look forward to working with the Virginia Talent Accelerator Program as we grow this facility and its importance to Navien’s overall leadership position in North America.”