A performance agreement that the Montgomery County Board of Supervisors unanimously approved earlier this month suggested those plans, but Torc later confirmed further details about its upcoming expansion in Blacksburg.

The Blacksburg-based developer of self-driving systems announced this summer that it was going to invest $8.5 million for the expansion of its local software development operations. The company at the time said the move would involve the establishment of another facility at the Corporate Research Center — near the company’s headquarters at the Blacksburg Industrial Park — but didn’t immediately provide details about whether it would use an existing facility or construct a new building.

Greg Valatka, Torc’s senior manager of facilities and occupational safety, wrote via email that the company will expand into the building at 1691 Innovation Drive. Torc has a lease for more than 28,000 square feet that will begin on Jan. 1, he said.

Torc, Valatka said, will share the building with the Edward Via College of Osteopathic Medicine’s Sports and Osteopathic Medicine Clinic and with the Corporate Research Center’s new Training and Event Center.

According to the performance agreement, the allocation of $800,000 in state grant funding to Torc is based on specific provisions. One is that a portion — $1.5 million — of an $8.5 million capital investment by the company will go toward the purchase of land for the new facility. The remainder of that investment will go toward an expansion and up-fit of the building and fixtures such as furniture.

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https://roanoke.com/news/local/torc-robotics-to-expand/article_d072605c-40be-11eb-92e0-df66ba6432c1.html