Luna Innovations will expand Blacksburg office
Luna Innovations Inc. said Thursday that it would expand its Blacksburg office in Montgomery County. The company plans a $500,000 investment into a newly renovated 41,000-square-foot suite in the Technology Manufacturing Building where Luna is currently located.
“We have been a tenant since 2007 and have been very pleased to be a part of Blacksburg’s business community,” Luna President and CEO My Chung said in a statement. “…We believe that this expansion will enable us to capitalize on the growth potential of our business.”
Montgomery County worked with the town of Blacksburg to support the expansion. Through an agreement with the county’s Economic Development Authority, Luna’s space will include a renovated executive office, lab and manufacturing space at the Technology Manufacturing Building. Built in 2001, the building is a 109,000-square-foot facility owned and managed by the EDA.
Luna, a public company composed of scientists, engineers, and business professionals, develops and manufactures new generation technologies and products. It focuses on taking innovative technologies from applied research to product development and the commercial market, driving breakthroughs in fields such as aerospace, automotive, telecommunications, healthcare, energy, and defense.