Salem, Virginia — According to state and local economic development sources Lowe’s Companies Inc. plans to invest $11,000,000.00 to build out 60,000 square feet of new space in Salem. The company plans to occupy the new space in Salem, on or about October 1, 2022. According to the company website Lowes Companies, Inc. (NYSE: LOW) is a FORTUNE 50 home improvement company serving approximately 20 million customers a week in the United States and Canada. With fiscal year 2020 sales of nearly $90 billion, Lowes and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ over 300,000 associates. Based in Mooresville, N.C., Lowes supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts.

To learn more about Lowe’s Companies Inc., visit http://www.lowes.com/

Company Contact:
Marvin Ellison, Chief Executive Officer
https://www.linkedin.com/in/marvin-ellison-715b1a131/
800-445-6937

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