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Virginia Investment Performance and Major Eligible Employer Grants, Fourth Quarter 2020 (January 25, 2021)

Summary

This is a letter dated January 25, 2021 on the letterhead of the Commonwealth of Virginia, Office of the Governor, from R. Brian Ball, Secretary of Commerce and Trade, to The Honorable Janet D. Howell, The Honorable Luke E. Torian, and The Honorable Vivian E. Watts, Chairs of the Senate Finance, House Appropriations, and House Finance Committees. It reports on Virginia Investment Performance (VIP) and Major Eligible Employer (MEE) grants awarded in the fourth quarter of the 2020 calendar year. Klockner Pentaplast of America was awarded an $800,000 grant, creating 54 new jobs, and Shenandoah Valley Organic was awarded a $500,000 grant, creating 110 new jobs by December 31, 2024. A third VIP project is listed as Not Yet Announced, and no MEE grants were awarded.

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“Virginia Investment Performance and Major Eligible Employer Grants, Fourth Quarter 2020 (January 25, 2021).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2021-rd77-71e79dd9b6/, SHA-256 cd34535dbc8f8403c67e83a7569cd7a94607b29092bf42996d8542c4734c7565.

Full text

                                                                                     f
                                  COMMONWEALTH o VIRGINIA
                                                       Office of the Governor
R. Brian Ball
Secretary of Commerce and Trade

                                                           January 25, 2021



         The Honorable Janet D. Howell, Chair                            The Honorable Luke E. Torian, Chair
         Senate Finance Committee                                        House Appropriations Committee
         Pocahontas Building, Room E509                                  Pocahontas Building, Room Wl304
         900 East Main Street                                            900 East Main Street
         Richmond, Virginia 232 I 9                                      Richmond, Virginia 23219

         The Honorable Vivian E. Watts, Chair
         House Finance Committee
         Pocahontas Building, Room E203
         900 East Main Street
         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 2020 calendar year as
         required by §2.2-5103(0) of the Code of Virginia.

              In the fourth quarter, ending December 3 I, 2020, three VIP grants were awarded. No
         MEE grants were awarded in the fourth quarter of 2020.

         Virginia Investment Performance:

                I. Klockner Pentaplast of America, a manufacturer of film products, will expand its
                   operations in Louisa and Wythe Counties. Awarded an $800,000 grant, the company will
                   be making a $68. l million investment and creating 54 new jobs by December 31  2023.
                   This project has been announced.

                2. Shenandoah Valley Organic., an organic poultry processor, will expand its operations in
                   the City of Harrisonburg. Awarded a $500,000 grant, the company will be making a
                   $64.3 million investment and creating 110 new jobs by December 31, 2024. This project
                   has been announced.




                Patrick Henry Building • 1111 East Broad Street• Richmond, Virgmta 23219 • (804) 786-7831 • TTY (800) 828-1120
The Honorable Janet D. Howell, Chair
The Honorable Luke E. Torian, Chair
The Honorable Vivian E. Watts, Chair
January 25, 2021
Page2


      3. Project Not Yet Announced.




Major Eligible Employer:

         No MEE grants were awarded.

       For the fourth quarter of the2020 calendar year, disbursements from the VIP were made
to Carmeuse, Hollister, HP Hood, Mondelez, and WhiteWave for projects previously reported.
No MEE grant disbursements from the Fund were made.

                                                     I




                                       
                                       R. Brian Ball

RBB/cls

cc:      Mr. Stephen Moret
         President and Chief Executive Officer
         Virginia Economic Development Partnership

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