Monogram Food Solutions, LLC, a manufacturer of value-added meats, will invest $30 million to expand its manufacturing operation, Monogram Snacks, in Henry County, VA. The company will expand its product lines to accommodate new and expanding contracts. Monogram considered six other states for the project, which will create 300 new jobs, before choosing Virginia. The company is headquartered in Memphis, TN and operates facilities in Indiana, Iowa, Massachusetts, Tennessee, Texas, Virginia, and Wisconsin.
The Virginia Economic Development Partnership (VEDP) worked with the Martinsville-Henry County Economic Development Corporation and the Virginia Tobacco Region Revitalization Commission to secure the project for Virginia. Governor Ralph Northam approved a $350,000 grant from the Commonwealth’s Opportunity Fund to assist Henry County with the project. He also approved a $300,000 performance-based grant from the Virginia Investment Partnership program, an incentive available to existing companies.
“Since arriving in Virginia, Monogram has been received with open lines of communication and concrete pathways to success,” said Monogram CEO Karl Schledwitz. “This funding for our newest expansion is only the latest installment in a history of support. The abundant resources and opportunities available in Virginia and especially in Henry County continually bolster our business and further overall growth on all fronts.”
Monogram Foods is eligible to receive a Major Business Facility Job Tax Credit, as well as state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. The company is also eligible for Sales and Use tax exemptions on manufacturing equipment. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
“When an industry-leader like Monogram Foods expands its operation four times in less than a decade, it is a powerful testament to Henry County’s skilled workforce, competitive operating costs, and infrastructure,” said Governor Northam. “Monogram has quickly become one of the region’s top employers and we are honored that the company has chosen to reinvest here, creating an additional 300 high-quality jobs in the Commonwealth. We congratulate Monogram on its remarkable growth, and are confident the company will continue to succeed in Southern Virginia.”
“Since opening its food manufacturing operation in Henry County in 2009, Monogram Foods has created nearly 600 jobs in the Commonwealth,” said Secretary of Commerce and Trade Brian Ball. “Southern Virginia offers a ready-to-work manufacturing talent pool, and Monogram’s decision to continue reinvesting underscores the strength of the region’s workforce. We are proud to have Monogram Foods on our corporate roster, and look forward to the company’s next chapter in Henry County.”
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