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IIHS Expansion to Bring Jobs, Revenue to Greene - NBC29 WVIR Charlottesville, VA News, Sports and Weather

IIHS Expansion to Bring Jobs, Revenue to Greene

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Greene County's economy is growing, thanks to the growth of the Insurance Institute for Highway Safety (IIHS). The facility is expanding, and bringing new jobs and thousands of dollars in revenue to the county. 

The research park is used for testing vehicle and highway safety. The new project includes an outdoor track expansion, a 5-acre covered dome and technology upgrades.      

The construction process is expected to produce between $25 million and $30 million in revenue for Greene County. The facility will also create 10 to 15 high paying jobs for engineers.

"It's robotic technology so it's going to be very unique for the area but also for the country, having it here in Greene County, so it's a really great privilege to have the growth that's happening, the expansion that's happening here in our county," said Tony Williams, director of economic development.

Williams says the thousands of researchers who visit the facility each year will also bring in revenue for the county.

The track expansion will begin sometime in the near future and the construction will continue for the next five years.

 


 

Green County Economic Development and Tourism
Press Release

RUCKERSVILLE, Virginia: The County of Greene Economic Development office is pleased to announce the expansion of Insurance Institute for Highway Safety (IIHS).

In December, the Board of Supervisors moved to rezone the portions of the vehicle research park from A-1 to M-1, which will allow IIHS to expand their operations. The expansion will include outdoor track expansion, a five acre covered dome, new offices, new conference and meeting space and significant technology upgrades including robotic equipment.

The expansion will positively affect the County by increasing revenues and creating jobs and investment.

An average of 3,750 people visit the IIHS facility annually including visits from top industry researchers and insurance executives from around the world and other representatives from the automobile related industry.

"This is a solid investment in the economic future of Greene County and, on behalf of our business community, we thank the County's leaders for supporting this project," said Tony Williams, Director of Economic Development for Greene County.

More information regarding the expansion will be released in the near future.

For more information on their current facility, visit http://www.iihs.org/ratings/vrc/default.html.

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