American Electric Power Co. (AEP) will invest $12.7 million to establish its AEP Transmission operation in the City of Roanoke. AEP is modernizing, rebuilding, and expanding electricity transmission lines throughout its service area, covering 11 states and 200,000 miles.
Altec Industries, which has been manufacturing aerial trucks for the electric utility and telecommunications industries in Botetourt County since 2001, has announced an expansion with an investment of $30 million and 180 new jobs.
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ROANOKE (Sept. 8, 2017) – PowerSchool announced today that it will add 96 jobs to its 85 existing local positions and invest $1.8 million in new offices in the 110 Franklin building in Downtown Roanoke. The company will occupy two floors (approx. 40,000 s.f.) in the former Norfolk Southern Building which was purchased by a group of local investors after Norfolk Southern moved operations to Norfolk and Atlanta in 2015.
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The Roanoke Region of Virginia continues to see strong job creation activity in early 2017. The Roanoke metro saw employment growth of 2,800 workers from February 2016 to February 2017 and total employment is now at the highest level of any February on record according to data from the Bureau of Labor Statistics.
Employment increased by 1.76 percent from February 2016 to February 2017 in the Roanoke MSA, which surpasses the national rate of growth over the same period (1.66 percent).
Employment gains were mainly in education, health services, and professional and business services.
The region is poised for continued growth heading into the rest of 2017. More than 1,400 jobs were announced in 2016 from projects including Deschutes Brewery, Eldor Corporation, Virginia Community College System, Virginia Tech Carilion Research Institute, and Ballast Point Brewing, among others.