05.27.11
Cadence, Inc. is investing nearly $16 million to expand its operations in Staunton, Va., where the firm currently is based.
“This major expansion represents another significant step on our journey of solid growth,” said Peter Harris, CEO. “This also affirms our ongoing commitment to precision and repeatability in everything we do for our customers, shareholders and employees.”
Cadence’s expansion partially is financially supported by a grant from the Virginia Governor’s Opportunity Fund. The expansion will create 65 new jobs for the region.
“The path of success continues with this investment, which will allow for a larger facility and increased manufacturing production to accommodate the company’s rapid growth,” said Virginia Governor Bob McDonnell.
“This major expansion represents another significant step on our journey of solid growth,” said Peter Harris, CEO. “This also affirms our ongoing commitment to precision and repeatability in everything we do for our customers, shareholders and employees.”
Cadence’s expansion partially is financially supported by a grant from the Virginia Governor’s Opportunity Fund. The expansion will create 65 new jobs for the region.
“The path of success continues with this investment, which will allow for a larger facility and increased manufacturing production to accommodate the company’s rapid growth,” said Virginia Governor Bob McDonnell.