FroYo Machine Maker Investing in Prince William
– May 12, 2014 10:10 am
WOODBRIDGE, Va. – The economy in Prince William is getting a bit sweeter, you could say.
The county’s Economic Development Department on Tuesday will release its first quarter 2014 report and it shows $2.95 million in new investment from Elvaria, a company that makes frozen yogurt machines. The Virginia-based firm will bring 13 jobs to the county.
Those jobs are some of 60 jobs noted on the report that also lists companies like Potomac e Scrap on Wellingford Road in Manassas. The company that recycles old computer parts and electronics is adding two new jobs as part of an expansion.
George Mason’s Potomac Science Center slated to be built in Woodbridge will invest $30 million into the county and create 20 new jobs, the report adds.
Of the 60 jobs noted on the report, 33 of them are in what the Economic Development office considers “targeted” industries such as biotech and life sciences, government, and corporate facilities.
It’s important to note the new jobs number does not reflect the actual number of jobs that have or will come to the county but rather a good faith estimate of new positions that will be created based off information obtained by officials, according to Prince William County spokesman Jason Grant.
Prince William County Economic Development Director Jeffery Kaczmarek is expected to present his report to the county’s Board of Supervisors during their scheduled meeting.
On the unemployment front, Virginia’s unemployment rate sits at 5% and remains lower than its neighbors Maryland and Washington, D.C. which have unemployment numbers sitting at 6.7% and 8.9%, respectively.
The latest report from the Virginia Unemployment Commission states Northern Virginia has been a big loser of jobs as of late, shedding an overall 2,300 jobs over the past year – the most in the state. The Hampton Roads region to include Newport News, Norfolk, and Virginia Beach, was the overall job gainer netting 2,000 new jobs in the region during the same period.