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Letter - Virginia Investment Performance and Major Eligible Employer Grants, Second Quarter 2020 (July 30, 2020)

Summary

A letter dated July 30, 2020 from R. Brian Ball, Secretary of Commerce and Trade, to the chairs of the Senate Finance Committee, House Appropriations Committee and House Finance Committee. It reports on the Virginia Investment Performance (VIP) and Major Eligible Employer (MEE) grants awarded in the second quarter of the 2020 calendar year, as required by §2.2-5103(D) of the Code of Virginia. The letter states that three VIP grants were awarded: $500,000 to Hershey in Augusta County, $300,000 to Rage Corporation in Pittsylvania County and $300,000 to Bausch & Lomb in the City of Lynchburg. It states that no MEE grants were awarded.

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“Letter - Virginia Investment Performance and Major Eligible Employer Grants, Second Quarter 2020 (July 30, 2020).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2020-rd263-705225fb8b/, SHA-256 5849d4f3c9330b3dda6c035e130e28333cdc0433bca0c95c23d4cc4739ff9594.

Full text

                                  COMMONWEALTH of VIRGINIA
                                                        Office of the Governor
R. Brian Ball
Secretary of Commerce and Trade
                                                                 July 30, 2020



           The Honorable Janet D. Howell, Chair                               The Honorable Luke E. Torian, Chair
           Senate Finance Committee                                           House Appropriations Committee
           P.O. Box 2608                                                      4222 Fortuna Plaza, Suite 659
           Reston, Virginia 20195                                             Dumfries, Virginia 22025

           The Honorable Vivian E. Watts, Chair
           House Finance Committee
           8717 Mary Lee Lane
           Annandale, Virginia 22003

           Ladies and Gentleman:

                  I am writing to report on the Virginia Investment Performance (VIP) and Major Eligible
           Employer (MEE) grants that were awarded during the second quarter of the 2020 calendar year as
           required by §2.2-5103(D) of the Code of Virginia.

                  In the second quarter, ending June 30, 2020, three VIP grants were awarded. No MEE
           grants were awarded in the second quarter of 2020.

           Virginia Investment Performance:

                1. Hershey, a manufacturer of confectionery products, will expand its operations in Augusta
                   County. Awarded a $500,000 grant, the company will be making a $135.0 million
                   investment and creating 110 new jobs by June 30, 2023. This project has been
                   announced.

                2. Rage Corporation, a manufacturer of custom injection molded products, will expand its
                   operations into Pittsylvania County. Awarded a $300,000 grant, the company will be
                   making a $34.0 million investment and creating 200 new jobs by June 30, 2024. This
                   project has been announced.

                3. Bausch & Lomb, a manufacturer of contact lens, will expand its operations in the City of
                   Lynchburg. Awarded a $300,000 grant, the company will be making a $35.4 million
                   investment and creating 79 new jobs by June 30, 2025. This project has been announced.



                Patrick H enry Building • 1111 East Broad Street • Richmond, Virginia 232 19 • (804) 786-783 1 • TTY (800) 828-11 20
The Honorable Janet D. Howell
The Honorable Luke E. Torian
The Honorable Vivian E. Watts
July 30, 2020
Page 2


Major Eligible Employer:

       No MEE grants were awarded.

       For the second quarter of the 2020 calendar year, disbursements from the VIP were made
to Greif, Ashland, Canon, Canon Environmental, WestRock/Covington, WestRock/Hopewell,
Unilever, James Hardie Building Products, Sabra, and Dominion Packaging for projects
previously reported. No MEE grant disbursements from the Fund were made.

                                           Sincerely yours,


                                      7.~~ R. Brian Ball

RBB/cls
cc    Mr. Stephen Moret
      President and Chief Executive Officer
      Virginia Economic Development Partnership

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