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Gear maker to expand VB operation
Expansion to create 80 jobs
Updated: Friday, 16 Dec 2011, 9:41 AM EST
Published : Friday, 16 Dec 2011, 9:38 AM EST
VIRGINIA BEACH, Va. (AP) - Automotive gear assembly maker IMS Gear Virginia Inc. is planning a $35.5 million expansion of its Virginia Beach production facility.
Gov. Bob McDonnell said Friday that the expansion will create 80 jobs.
The Virginia Beach facility opened in 2000.
IMS: Gear Virginia produces metal and plastic gear assemblies for automatic automotive seats. The company is a subsidiary of Germany-based IMS: Gear GmbH.
McDonnell approved a $200,000 grant from the Governor's Opportunity Fund and a $300,000 performance-based grant from the Virginia Investment Partnership program for the project.
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