The City of Virginia Beach has announced that Stihl plans to invest $49 million to expand its chain saw guide bar manufacturing facility. The expansion will add 26,000 sq. ft. of space to an existing building, totaling 86,000 sq. ft. upon completion. The project is also expected to create 15 new jobs with an average annual wage of $60,000 to $100,000.
The Virginia Beach Development Authority (VBDA) voted to award Stihl an Economic Development Incentive Program (EDIP) grant of $500,000 for the expansion based on job creation and retention, plus capital investment estimated at $49 million. In addition to increasing its footprint in Virginia Beach, Stihl plans to invest in state-of-the-art equipment and add highly skilled positions to its team, including maintenance mechatronic technicians, process engineers, tool and die makers, project coordinators, and machine operators.