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Firm Announces $25 Million To Establish New Facility
December 10, 2019

Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, has announced plans to invest $25 million to establish a new vehicle inspection and reconditioning facility in Chesterfield County.

Carvana, the fastest-growing auto retailer in the U.S., allows customers to shop more than 15,000 vehicles on, finance, purchase, then select as-soon-as-next-day delivery or Car Vending Machine pickup. Carvana vehicles are inspected, reconditioned and photographed in 360-degrees at its inspection centers, like the one planned in Chesterfield County, so customers get a detailed, high-definition virtual tour of every vehicle. Additionally, every vehicle comes with a 7-day return policy, so the customer can live with their vehicle for a week and ensure it fits their life.

“Carvana has been growing extremely rapidly over the last several years, and we are working to bring The New Way to Buy a Car to even more customers all the time,” said Benjamin Morens, Carvana’s Director of Logistics. “As part of our efforts to scale the business, we’re looking forward to working with Chesterfield County and the state of Virginia to open a vehicle inspection and reconditioning center, and becoming a member of the community.”

“Carvana is a fast-growing national company, and we are proud that it has chosen to locate and create new jobs in Chesterfield County,” said Governor Northam in response to the announcement. “This is an exciting win for the region and for the Commonwealth.”

The Virginia Economic Development Partnership worked with Chesterfield County to secure the project for Virginia. Governor Northam approved a $360,000 grant from the Commonwealth’s Opportunity Fund to assist Chesterfield County with the project. Carvana is also eligible for a Major Business Facility Job Tax Credit for new, full-time jobs created.

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