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Virginia Investment Performance and Major Eligible Employer Grants, Fourth Quarter of 2019

Summary

A letter dated January 28, 2020 from R. Brian Ball, Secretary of Commerce and Trade, to Janet D. Howell, Chair of the Senate Finance Committee, Luke E. Torian, Chair of the House Appropriations Committee, and Vivian E. Watts, Chair of the House Finance Committee. It reports on Virginia Investment Performance (VIP) and Major Eligible Employer (MEE) grants awarded in the fourth quarter ending December 31, 2019, stating that two VIP grants were awarded and no MEE grants. The letter lists DuPont, in Chesterfield County, with a $1,000,000 grant and a $110.5 million investment, and Flowers Foods, in the City of Lynchburg, with a $250,000 grant and a $25 million investment. It also states that one VIP disbursement was made to Carmeuse for a project previously reported.

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“Virginia Investment Performance and Major Eligible Employer Grants, Fourth Quarter of 2019.” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2020-rd76-ba84b72cc5/, SHA-256 faa1f3f6402da95d505cbafaead85c44da57d6b15db5e3cc9962d6ecd4b8cfb4.

Full text

                                  COMMONWEALTH of VIRGINIA
                                                       Office of the Governor
R. Brian Ball
Secretary of Commerce and Trade
                                                           January 28, 2020




         The Honorable Janet D. Howell                                    The Honorable Luke E. Torian
         Chair                                                            Chair
         Senate Finance Committee                                         House Appropriations Committee
         900 East Main Street                                             900 East Main Street
         Pocahontas Building, Room E509                                   Pocahontas Building, Room W1304
         Richmond, Virginia 23219                                         Riclunond, Virginia 23219

         The Honorable Vivian E. Watts
         Chair
         House Finance Committee
         900 East Main Street
         Pocahontas Building, Room E203
         Richmond, Virginia 23219

         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 fourth quarter of the 2019 calendar year as
         required by§ 2.2-5103(0) of the Code of Virginia.

                In the fourth quarter, ending December 31, 2019, two VIP grants were awarded. No MEE
         grants were awarded in the fourth quarter of 2019.

         Virginia Investment Performance:

                1. DuPont, located in Chesterfield County, is a manufacturer of next-generation Kevlar.
                   Awarded a $1,000,000 grant, the company will be making a $110.5 million investment
                   and creating 60 new jobs by December 31, 2021. This project has been announced.

                2. Flowers Foods, located in the City of Lynchburg, is a commercial bakery. Awarded a
                   $250,000 grant, the company will be making a $25 million investment and creating
                   15 new jobs by December 31, 2022. This project has been announced.




                Patnck Henry Building • 1111 Ease Broad Street • Richmond, Virginia 23219 • (804} 786-7831 • TTY {800} 828-1120
The Honorable Janet D. Howell
The Honorable Luke E. Torian
The Honorable Vivian E. Watts
January 28, 2020
Page 2


Major Eligible Employer:

       No MEE grants were awarded.

       For the fourth quarter of the 2019 calendar year, one disbursement from the VIP was
made to Carmeuse for a project previously reported. No MEE grant disbursements from the
Fund were made.




                                            R. Brian Ball

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

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