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Letter on Virginia Investment Performance and Major Eligible Employer Grants, First Quarter (May 4, 2022)

Summary

This is a May 4, 2022 letter from the Office of the Governor of the Commonwealth of Virginia to The Honorable Janet D. Howell, The Honorable Barry D. Knight and The Honorable Vivian E. Watts. It reports on the Virginia Investment Performance (VIP) and Major Eligible Employer (MEE) grants awarded during the first quarter of the 2022 calendar year. It states that four VIP grants were awarded in the first quarter, ending March 31, 2022, and no MEE grants. One listed grant is a $500,000 grant to Perdue Agribusiness for expanding its soybean extraction facility in the City of Chesapeake, with a $59.1 million investment. It says disbursements from the VIP were made to Whitewave/Danone, Rubbermaid, and Volvo. The signature block names Caren Merrick.

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“Letter on Virginia Investment Performance and Major Eligible Employer Grants, First Quarter (May 4, 2022).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2022-rd223-678f6d4c50/, SHA-256 3504a9e39c85938486d240bba429e4e3727fda4456269412b11b399ea15c5371.

Full text

                                          C,OMMONWEALTH of VJR,GINIA
                                                 Office of the Governor
Caren DeWitt Merrick
Secr.:tary ,,f C,,mmcrcc ,m,I Tr i,.I ·



                                                      May 4, 2022



         The Honorable Janet D. Howell                         The Honorable Barry D. Knight
         Chair                                                 Chair
         Senate Finance and Appropriations Committee           House Appropriations Committee
         P.O. Box 2608                                         1852 Mill Landing Road
         Reston, Virginia 20195                                Virginia Beach, Virginia 23457

         The Honorable Vivian E. Watts
         Chair
         House Finance Committee
         P.O. Box 4627
         Midlothian, Virginia 23112

         Senator and Delegates:

                I am writing to report on the Virginia Investment Performance (VIP) and Major Eligible
         Employer (MEE) grants that were awarded during the first quarter of the 2022 calendar year as
         required by§ 2.2-5103(D) of the Code of Virginia.

                In the first quarter, ending March 31, 2022, four VIP grants were awarded. No MEE
         grants were awarded in the first quarter of 2022.

         Virginia Investment Performance:

                1. Not Yet Announced.

               2. Not Yet Announced.

               3. Perdue Agribusiness will expand its soybean extraction facility in the City of
                  Chesapeake. Awarded a $500,000 grant, the company will invest $59.1 million and create
                  0 jobs by June 30, 2027. This project has been announced.

               4. Kings pan Insulation, a manufacturer of insulation, will expands it operations in
                  Frederick County. Awarded a $550,000 grant, the company will invest $27 million and
Money Committee Chair
May 4, 2022
Page Two


       create 37 jobs by June 30, 2025. This project has been announced.


       Major Eligible Employer:

       No MEE grants were awarded.

         For the first quarter of the 2022 calendar year, disbursements from the VIP were made to
Whitewave/Danone, Rubbermaid, and Volvo. No MEE grant disbursements were made this
quarter.

                                             Sincerely,


                                              /Jolv'iJl____
                                             Caren Merrick

CM:kme

cc     Mr. Jason El Koubi
       President and Chief Executive Officer
       Virginia Economic Development Partnership

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