RICHMOND, Virginia. (Dec. 5, 2019) – Governor Ralph Northam today announced that Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, plans to invest $25 million to establish a new vehicle inspection and reconditioning facility in Chesterfield County. Virginia successfully competed with North Carolina, Ohio, and Tennessee for the project, which will create an estimated 400 new jobs.
“Carvana is a fast-growing national company, and we are proud that it has chosen to locate and create new jobs in Chesterfield County,” said Governor Northam. “This is an exciting win for the region and for the Commonwealth.”
Carvana, the fastest-growing auto retailer in the U.S., allows customers to shop more than 15,000 vehicles on Carvana.com, finance, purchase, then select as-soon-as-next-day delivery or Car Vending Machine pickup. Carvana vehicles are inspected, reconditioned and photographed in 360-degrees at its inspection centers, like the one planned in Chesterfield County, so customers get a detailed, high-definition virtual tour of every vehicle. Additionally, every vehicle comes with a 7-day return policy, so the customer can live with their vehicle for a week and ensure it fits their life.
KSM Location Advisors is pleased to have negotiated $1.13 million in incentives for Carvana.