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Jessica Sabbath// July 29, 2015//
Automotive supplier Continental is planning a $49 million investment in its Culpeper County operation.
The investment is part of three-phase project to modernize the facility, designed to increase productivity and add the manufacturing capability of a new type of braking system.
Virginia competed against Mexico for the project, which could create up to 25 jobs.
Gov. Terry McAuliffe approved a $175,000 grant from the Commonwealth’s Opportunity Fund to help Culpeper with the project. McAuliffe also approved a $550,000 performance-based grant from the Virginia Investment Partnership Program, which is administered by the Virginia Economic Development Partnership.
Last August, Continental announced a $152 million investment in its Newport News operations, which was expected to create 500 new jobs.
“Thanks to the generous support of state and local officials, we are please to announce this intended investment,” Jeff Klei, president of Continental North America, said in a statement. “We remain dedicated to advancing technologies in our facilities and enhancing our manufacturing capabilities in North America.”
