# Virginia Announces Major Manufacturing Investments

Virginia Governor Abigail Spanberger announced significant new business investments totaling nearly $30 million across Henry, Giles, and Henrico counties, creating over 180 jobs. Key projects include Fukoku Korea's $18.9 million automotive parts manufacturing plant in Henry County, Interstate Group LLC's $8.9 million manufacturing expansion in Giles County, and Richmond National Group's $1.75 million insurance operations expansion in Henrico County. Additionally, Twain Lumber Company is investing $7.4 million to reopen a sawmill in Henry County, supported by state and federal grants, committing to purchase over $51 million in Virginia forest products over three years. These initiatives reflect Virginia's strategic focus on revitalizing manufacturing and forestry sectors, supported by economic development incentives and workforce programs.

- **Why this matters:** Procurement professionals should note the growing demand for industrial development services, manufacturing equipment, and workforce training support in Virginia's manufacturing and forestry sectors.
- The involvement of state agencies like the Virginia Economic Development Partnership and Virginia Department of Agriculture and Consumer Services indicates continued public-private collaboration opportunities.
- Contractors and suppliers can explore opportunities related to facility expansions, equipment procurement, and regional workforce development programs.
- Businesses should consider engagement with local government entities in Henry, Giles, and Henrico counties to support these expanding industrial projects.

**Jurisdictions:** sled
**Industries:** Construction & Infrastructure, Professional Services
**Topics:** Grants & Funding, Physical Infrastructure
**Published:** September 11, 2026

### Government Entities
- Commonwealth of Virginia
- Virginia Economic Development Partnership (VEDP)
- Virginia Department of Agriculture and Consumer Services (VDACS)
- Giles County
- Virginia Tobacco Region Revitalization Commission

### Vendors
- Fukoku Korea (investor/manufacturer)
- Interstate Group LLC (investor/manufacturer)
- Richmond National Group (investor/insurance provider)
- Twain Lumber Company (prime contractor)

### Key Quotes
> Interstate Groups decision to expand in Giles County underscores why Virginia continues to be a top destination for American manufacturers. This multi-million-dollar investment will create goodpaying jobs in the New River Valley and strengthen the Commonwealths advanced manufacturing sector.
> — Abigail Spanberger, Governor

> This investment marks an important step in our long-term growth strategy and strengthens our commitment to serving our automotive customers in North America.
> — Ikjun Kwon, CEO, Fukoku Korea

### Sources
- [March Releases](https://www.governor.virginia.gov//newsroom/news-releases/2026/march-releases/name-1114321-en.html) - VA
- [March Releases](https://www.governor.virginia.gov//newsroom/news-releases/2026/march-releases/name-1114185-en.html) - VA
- [September Releases](https://www.governor.virginia.gov//newsroom/news-releases/2026/september-releases/name-1123400-en.html) - VA