Virginia Investment Performance and Major Eligible Employer Grants, Third Quarter of the 2021 Calendar Year

Summary

This is a letter dated December 28, 2021 on Commonwealth of Virginia, Office of the Governor letterhead, addressed to The Honorable Janet D. Howell, The Honorable Luke E. Torian and The Honorable Vivian E. Watts, Chairs. It reports on the Virginia Investment Performance (VIP) and Major Eligible Employer (MEE) grants awarded during the third quarter of the 2021 calendar year, and states that in the third quarter, ending September 30, 2021, seven VIP grants were awarded and no MEE grants were awarded. Examples include a $1,800,000 grant to Mondelez Global, LLC for a Henrico County facility, with $122.5 million to be invested and 80 jobs to be created by December 31, 2024, and a $3,000,000 grant to Tyson Foods in Pittsylvania County. The letter ends with the name R. Brian Ball.

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Full text

                                    COMMONWEALTH of VIRGINIA
                                                       Office of the Governor
R. Brian Ball
&:,rrary of Commerce ,ind Trn,lc
                                                           December 28, 2021



           The Honorable Janet D. Howell, Chair                             The Honorable Luke E. Torian, Chair
           Senate Finance and Appropriations 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 third quarter of the 2021 calendar year as
           required by §2.2-5103(0) of the Code of Virginia.

                  In the third quarter, ending September 30, 2021, seven VIP grants were awarded. No
            MEE grants were awarded in the third quarter of 2021.

            Virginia Investment Performance:

                 1. Cava Group, LLC, a manufacturer of dips, spreads, and sauces, will expand its
                    operations into Augusta County. Awarded a $300,000 grant, the company will invest
                    $37 .6 million and create 52 jobs by December 31, 2026. This project has been
                    announced.

                 2. Mondelez Global, LLC, will expand its commercial bakery and fulfillment center in
                    Henrico County. Awarded a $1,800,000 grant, the company will invest $122.5 million
                    and create 80 jobs by December 31, 2024. This project has been announced.

                 3. Tyson Foods, lnc.t a manufacturer of ready-to-eat chicken products, will expand its
                    operations into Pittsylvania County. Awarded a $3,000,000 grant, the company will
                    invest $295.5 million and create 376 jobs by December 31, 2024. This project received
                    approval from the Major Employment and Investment Commission on August 18, 2021,
                    since total state incentives exceeded $10 million. This project has been announced.

                 Patrick Hemry Building • 1111 East Broad Street • Richmond, Virginia 23219 • (804) 786- 7831 • TIY (800) 828-1120
The Honorable Janet D. Howell, Chair
The Honorable Luke E. Torian, Chair
The Honorable Vivian E. Watts, Chair
December 28, 2021
Page 2


   4. Nature's Touch, a processor and distributor of frozen fruits, will expand its facility in
      Warren County. Awarded a $400,000 grant, the company will invest $41.3 million and
      create 67 jobs by December 31, 2024. This project has been announced.

   5. Bonumose Inc., a producer and distributor of plant-based sugar alternative, will expand
      its commercial production facility in Albemarle County. Awarded a $256,000 grant, the
      company will invest $27.7 million and create 64 jobs by December 31, 2024. This project
      has been announced.

   6. Service Center Metals, a manufacturer of aluminum extrusion and billets, will expand
      its facility in Prince George County. Awarded a $900,000 grant, the company will invest
      $101.7 million and create 94 jobs by December 31, 2024. This project has been
      announced.

   7. BWX Technologies will expand its Campbell County facility to add a new innovation
      campus and client visitor center to showcase company activity and products. Awarded a
      $700,000 grant, the company will invest $65.0 million and create 97 jobs by December
      31, 2024. This project received approval from the Major Employment and Investment
      Commission on August 18, 2021, since the project involved an in-state relocation. This
      project has been announced.

Major Eligible Employer:

       No MEE grants were awarded.

      For the third quarter of the 2021 calendar year, disbursements from the VIP were made to
Canon Toner, Fareva, Dominion Packaging, James Hardie, Canon Virginia, Carmeuse, and
Mondelez for projects 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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