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Governor Glenn Youngkin announced that Wells Fargo & Company will invest $87 million to invest, modernize, and expand its customer support center in Roanoke County. The investment will allow room for the creation of approximately 1,100 new jobs and enhance the working experience for more than 1,650 current employees. This project will represent both the largest commercial office investment and single project employment announcement in Roanoke County’s history, and Wells Fargo will become the largest employer in Roanoke County with this expansion.
This investment from Wells Fargo is the largest project by both employment and impact announced in the region’s history. Roanoke Regional Partnership forecasts an annual recurring economic impact of $322 million at full operations. This expansion will support an estimated 798 indirect and induced jobs in the region. Indirect and induced economic impacts represent those benefits created by the additional spending on goods and services in the region by a company and its new employees.
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