Prism Maritime LLC, a full-service provider of maritime support services to the U.S. government, will invest $4 million to expand in the city of Chesapeake. The company will construct two new 12,000-square-foot facilities to be used for manufacturing, lab, and storage space in the Greenbrier North Commerce Park. Virginia successfully competed with California for the project, which will create 166 new jobs.
“Prism Maritime’s impressive track record in the city of Chesapeake is a testament to Virginia’s favorable business environment and the region’s robust talent pool, enhanced by those of the 15,000 men and women exiting the military annually in Hampton Roads who then join the workforce,” said U.S. Secretary of Commerce and Trade Brian Ball. “The addition of 166 new jobs is a great boost to the local economy, and this expansion will support Prism’s continued success in the Commonwealth.”
Founded in 2006 and headquartered in the city of Chesapeake, Prism Maritime provides engineering, research, development, technical, and modernization services to its military clients. They work with clients to integrate technological improvements for land-based and shipboard systems. Prism Maritime develops drawing and design packages for installations or manufacturing. Their work supports the new technologies and systems in the Department of Defense maritime environment.
The Virginia Economic Development Partnership worked with the city of Chesapeake to secure the project for Virginia. They will support Prism Maritime’s job creation through the Virginia Jobs Investment Program, which provides consultative services and funding to support the employee recruitment and training activities of companies creating new jobs. As a business incentive that supports economic development, the Virginia Jobs Investment Program reduces the human resource costs of new and expanding companies. The program is state-funded, which demonstrates Virginia’s commitment to enhancing job opportunities for its citizens.