GREENVILLE, Pa. (WKBN) — Velfera Auto Design, a Dallas and Baltimore-based company, is moving forward with plans to build commercial vehicles at several locations in the region.
The electric vehicle company most recently signed a letter of intent with an industrial park in Greenville, Pa. If final financing and incentive programs are in place, 200 acres of land located at Reynolds East Business Park will be transferred to Velfera for the construction of a manufacturing site, according to a news release from the company.
The announcement was made by Antonio Pierce, president and CEO of Velfera, at an annual meeting of Penn Northwest, a Mercer County economic development organization that successfully ushered through the initiative. According to the automaker’s spokesperson, Vic Rubenstein, of Rubenstein Associates and Embark Strategic Partners, Inc., the plan includes the construction of two 80,000 square foot facilities and a production complex for the sub assembly of honeycomb automotive parts.
The move is expected to create 300 jobs.
The letter of intent is the third piece of the plan to secure four properties in northeastern Ohio and western Pennsylvania. A fourth property designated as a state-of-the-art test track and large vehicle assembly plant is being negotiated for a site in either Mahoning and Trumbull County, according to the company.
An East Liverpool location has been slated for the production of small vehicles with the signing of a letter of intent three weeks previously. A 90-acre site on King-Graves Road near the Youngtown-Warren Regional Airport has also been secured and has been designated as a research, development and design center for Velfera.