Eaton, a company specializing in intelligent power management, will invest over $50 million to expand its manufacturing operations in Henrico County, Virginia. The expansion is expected to create 200 new jobs and more than double the company’s regional presence.
Governor Glenn Youngkin announced the investment, noting that Eaton chose Henrico after considering several locations nationwide. “Eaton’s latest investment in Henrico is proof that Virginia companies and workers are stepping up to meet our growing power needs,” said Governor Youngkin. “The only thing better than bringing a new business to Virginia is watching an existing Virginia business expand. By producing even more critical power equipment in the Commonwealth, Eaton is helping drive Virginia’s future and strengthening our competitive edge.”
Secretary of Commerce and Trade Juan Pablo Segura also commented on the announcement: “Eaton’s expansion in Henrico is just another reason to celebrate this holiday season. Soon, 200 more employees will be working hard to meet our nation’s rising need for critical power equipment. From Southwest Virginia to Hampton Roads and the Greater Richmond region, Virginia’s manufacturing sector is surging thanks to forward-looking companies like Eaton.”
Aidan Graham, senior vice president and general manager of Critical Power Solutions at Eaton, stated: “Eaton is continuing to invest in U.S. manufacturing and is thankful for the strong collaboration and support in Virginia. Our latest manufacturing expansion builds on our history in the region and reflects on the incredible abilities of our longtime local employees. We’re uniquely positioned to help our data center customers meet the rapidly increasing power requirements for AI factories through our expansive manufacturing footprint and our focus on innovation and engineering excellence.”
The project involves opening a new campus with a 350,000-square-foot facility. The site will focus on producing static transfer switches, power distribution units, and remote power panels—key components for reliable electrical supply.
Edward S. Whitlock III, Chair of the Henrico Economic Development Authority Board of Directors, said: “Eaton’s decision to expand in Henrico reinforces our reputation as a place where manufacturers truly succeed. With this second major investment in the past five years, Eaton is doubling down on its commitment to our community, further strengthening our local workforce, and supporting technologies people rely on every day. We wish them continued success as they grow and create new opportunities here in Henrico.”
Senator Lashrecse Aird added: “Henrico continues to prove that when companies invest here, our people and our economy grow with them. Eaton’s decision to expand again in Eastern Henrico is a clear vote of confidence in our workforce and in the Commonwealth’s ability to support advanced manufacturing at a national scale. This project will create well-paying jobs and open the door to new opportunities for local families, strengthening both our community and the region’s economic competitiveness. I’m proud to support this investment and the partnerships that make it possible.”
To facilitate Eaton’s expansion project, Governor Youngkin approved a performance-based grant of $1 million from the Virginia Investment Performance Grant program.
