NORFOLK, Va. (WAVY) – Governor Terry McAuliffe announced today that Colonna’s Shipyard will invest over $30 million to expand its operation in the City of Norfolk, creating 51 new jobs.
The company will add a larger dry dock for working on today’s largest ships, and also dredge and improve the channel and bulkhead.
Founded in 1875, Colonna’s Shipyard is located in the historic Berkley section of Norfolk and is the oldest continuous family-owned and operated private shipyard in the United States.
The Virginia Economic Development Partnership worked with the City of Norfolk to secure the project for Virginia. Governor McAuliffe approved a $200,000 grant from the Commonwealth’s Opportunity Fund to assist Norfolk with the project.