Virginia Investment Performance and Major Eligible Employer Grants, Third Quarter of 2025 (October 27, 2025)

Summary

This October 27, 2025 letter, addressed to the chairs of the Senate Finance and Appropriations Committee, the House Appropriations Committee and the House Finance Committee, reports on the Virginia Investment Performance (VIP) and Major Eligible Employer (MEE) grants awarded during the third quarter of the 2025 calendar year. It states that one VIP grant was awarded in the quarter ending September 30, 2025, to VFP, located in Scott County, a manufacturer of prefabricated metal buildings and components, and that no MEE grants were awarded. The grant is $350,000, and the company will make a $35.0 million investment and create 200 new jobs by September 30, 2030. It also lists VIP disbursements to Abbott Laboratories, M.C. Dean, and MillerCoors.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

                                      October 27, 2025



The Honorable L. Louise Lucas                     The Honorable Luke E. Torian
Chair                                             Chair
Senate Finance and Appropriations Committee       House Appropriations Committee
P.O. Box 700                                      4222 Fortuna Plaza, Suite 659
Portsmouth, Virginia 23705                        Dumfries, Virginia 22025

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

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 third quarter of the 2025 calendar year as
required by § 2.2-5103(D) of the Code of Virginia.

       In the third quarter, ending September 30, 2025, one VIP grant was awarded. No MEE
grants were awarded in the third quarter of 2025.

Virginia Investment Performance:

   1. VFP, located in Scott County, is a manufacturer of prefabricated metal buildings and
      components. Awarded a $350,000 grant, the company will be making a $35.0 million
      investment and creating 200 new jobs by September 30, 2030. This project has been
      announced.

Major Eligible Employer:

       No MEE grants were awarded.
Money Committee Chair
October 27, 2025
Page Two


       For the third quarter of the 2025 calendar year, disbursements from the VIP were made to
Abbott Laboratories, M.C. Dean, and MillerCoors. No MEE grant disbursements from the Fund
were made.

       Please let me know if you have any questions regarding this quarterly report of VIP and
MEE.




JPS:kme

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

File and source

File

2025-RD756.pdf

Size

97,415 bytes

SHA-256

ca777ad881af6b3d826f2f0b8f7f2716c5e0aa946ed734839e8b9e01d2f5a316

Our copy

2025-RD756.pdf

Original

No public link identified.