Virginia Beach getting 31 jobs

Two companies announced expansions in Hampton Roads this week that will add 31 jobs. New Jersey-based Avis Budget Group is adding 25 positions to its shared services center, while Virginia Beach-based Koster American Corp. will create six new positions.

Vehicle rental company Avis Budget is relocating 17 positions from its headquarters and creating eight new positions in Virginia Beach. The jobs include senior level insurance, vehicle damage claims and accounting positions. Staff in these positions will have the opportunity to relocate, and the 25 positions have an annual average salary of $54,900, the company said in a statement.

KOSTER American Corp., which specializes in waterproofing products and systems, is planning a $4.6 million expansion at Oceana South Industrial Park. The company plans to expand into an existing 8,000-square-foot office/warehouse facility and construct a 14,000-square-foot warehouse and two 11,000-square-foot manufacturing and warehouse facilities adjacent to its existing building. As part of the expansion, KOSTER will hire six full-time employees with average annual salaries of $70,000.

Both companies will receive Economic Development Investment Program grants from the city based on number of jobs created. Avis has been awarded $50,000 from the Virginia Beach Development Authority.