Wilmik Inc., a small family-owned business founded in 1983 in Virginia Beach, will more than double its size with an expansion and new location. The company provides concrete construction ranging from footings to stamped and dyed slabs for commercial and residential projects.
Currently located at 1736 Virginia Beach Blvd., Wilmik Inc. has purchased a 1.09-acre site at 512 Central Drive in Virginia Beach, which will expand its corporate headquarters from 5,000 square feet to 12,000 square feet. In addition, the company will add 12 to 15 new jobs with annual salaries from $41,600 to $62,400 per year excluding benefits. These full-time positions will be added to the existing 60 jobs that will be retained in the City of Virginia Beach.
“Wilmik had the opportunity to move to another city, and we are very pleased to keep this growing, family-owned business in Virginia Beach,” said Virginia Beach Economic Development Director Warren D. Harris. “The location is in a Strategic Economic Growth Area, and this corporate headquarters location aligns with our goals and vision for future development.”
The Virginia Beach Development Authority has approved an APZ-1 Economic Development Incentive Program grant in the amount of $30,000 based on Wilmik Inc.’s capital investment of $2,130,000 in real estate and business property. The grant funds will be used to offset real estate improvements and equipment purchases.
“We were pleased to learn that Virginia Beach had a program that encourages small businesses to expand and reinvest in our city,” said Caroline Gingerich, vice president with Wilmik Inc. “We are so grateful to the Virginia Beach Economic Development Authority for this grant to help with our real estate improvements, new equipment and truck purchases. We are so excited about the future of Wilmik Inc. and have a third-generation family member, my son, working for us now.”
The mission of the Virginia Beach Department of Economic Development is to attract and retain national and international businesses to stimulate capital investment and create jobs. Virginia Beach is the most populous city in Virginia with a population of 450,000, and it is the 37th largest in the United States. The Department of Economic Development received re-accreditation through the International Economic Development Council in 2016 and is one of only 50 economic development organizations in the world to have this recognition. Most recently, Virginia Beach was named America’s #1 best big city to live in by wallethub.com. For more information, visit www.yesvirginiabeach.com.