LEGO has launched in Chesterfield County
According to WRIC the LEGO Group’s first-ever United States manufacturing facility is officially in the beginning stages after the toy company held a groundbreaking ceremony on Thursday. The event took place at the 340-acre site located within Chester’s Meadowville Technology Park where LEGO is going to be located. Governor Glen Younkin says around 500 new jobs will eventually be available once the plant opens in Chesterfield County in 2025.
Youngkin also revealed that Chesterfield County and the federal government were investing financially in the project, as well."LEGO executives said that the $1 billion, 1.7 million-square-foot facility will be carbon-neutral, with a solar park to power operations. The factory is also expected to bring in more than 1,700 jobs.
Gov. Youngkin signed two identical bills — HB 2238 and SB 1134 — establishing the Precision Plastic Manufacturing Grand Fund to provide up to $56 million in grants between July 1, 2027, and July 1, 2035 to make the Chesterfield County LEGO project possible.
Governor Younkin is exited
The LEGO Group is a privately held company based in Billund, Denmark, and was founded in 1932 by Ole Kirk Kristiansen, and based on the iconic LEGO brick. Governor Younkin is excited and optimistic about what this venture means for the Commonwealth.
“This is a huge step in confirming that Virginia is the best place to build a business that manufactures right here in the Commonwealth; that creates hope and future for so many employees, but also a partnership with an iconic brand and an iconic company,” “What the bill does represent is the obligation what the state is going to put forth, with regards to hiring and the capital investment.”
LEGO sells sets every second of the day
LEGO sells over 75 billion plastic bricks annually and in 2021 the company revenue was estimated at 7.44 billion euros an increase from 5.87 billion in 2020. In US dollars this equals $7,493,451,258.85 or seven billion four hundred ninety-three thousand, two hundred fifty-eight dollars and eighty-five cents. Worldwide, retailers sell 7 LEGO sets each and every second.
"Now, the real work of putting up the factory begins,” LEGO Regional President for the Americas Skip Kodak said. “This factory is timed to come online just as we need that additional capacity here for our business growth that we’re fortunate to be experiencing in the U.S. market.”.