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Robert Powell, III// October 21, 2014//
Aetna Insulated Wire, a producer of specialty cable and building wire, has expanded its manufacturing operations in Virginia Beach.
The addition of one product line and the expansion of another manufacturing segment created 25 new jobs
The company occupies 380,000 square feet at 1537 Air Rail Blvd. in Virginia Beach and employs approximately 115 people.
The Virginia Beach Economic Development Authority awarded a $40,000 Economic Development Investment Program grant to the company based on its $6.3 million investment in new machinery and tooling and the number of jobs created in the city.
Aetna has operated in Virginia Beach sincee 1976. The company said factors contributing to its decision to expand in the city include the availability of a skilled retired military and veteran workforce and the growth capacity in its local facility.
