Mondelēz International Expands Richmond, Virginia, Operations
11/23/2021
The investment includes a 68,000-square-foot expansion of the company’s Richmond Biscuit Bakery, which will support manufacturing operations and enable the site to house a high-speed, modern OREO production line. The bakery is the company’s East Coast manufacturing hub for its U.S. operations and employs more than 500 people.
The company will also be opening a new sales fulfillment center close to the Biscuit Bakery. The facility, which will support Mondelez sales and distribution in the U.S., is scheduled to open in 2022 and will create approximately 80 new jobs in Henrico County.
“We are excited about these further investments in our U.S. biscuit network and the opportunity to reaffirm and enhance the role of our Richmond manufacturing site, as well as our broader supply chain and business footprint here in Henrico County and in the Commonwealth of Virginia,” said Troy Ellis, Mondelez International Senior Vice President of North America Supply Chain.
The Virginia Economic Development Partnership (VEDP) worked with the Henrico Economic Development Authority to secure this investment for Virginia. The Governor approved a performance-based grant of $1.8 million from the Virginia Investment Performance Grant. The grant is an incentive to encourage continued capital investment by existing Virginia companies, which will be paid three years after the company achieves and maintains its pledged capital investment and job creation.
“Mondelez International’s long-term investment in central Virginia is a testament to the region’s top-notch talent and strong business climate,” said Governor Ralph Northam. “We thank Mondelez for its long-term partnership and we look forward to its continued success here in the Commonwealth.”
Mondelez International is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development, as well as benefits from the Major Business Facility Job Tax Credit for new, full-time jobs created. Funding and services to support the company’s employee recruitment and training activities will be provided through the Virginia Jobs Investment Program.
“Mondelez International’s expansion is great news for Henrico County, Greater Richmond, and the Commonwealth and demonstrates Virginia’s ability to attract and retain high-caliber companies,” said Secretary of Commerce and Trade Brian Ball. “The Commonwealth is a major hub for the food and beverage sector, and, with almost 1,000 employees who call Virginia home, Mondelez has and will continue to contribute to our leading position in this booming industry.”
Project Announcements
Swiss-Based GF Casting Solutions AG Plans Augusta, Georgia, Operations
05/07/2024
3M Expands Valley, Nebraska, Production Operations
05/07/2024
Advanced Call Center Technologies Expands Norman, Oklahoma, Operations
05/07/2024
Rivian Automotive Expands Normal, Illinois, Operations
05/06/2024
Meta Platforms Plans Montgomery, Alabama, Data Center Operations
05/06/2024
Crystal Window & Door Systems Plans Selma, North Carolina, Production Operations
05/06/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Last Word: Striking a Balance - Prioritizing Electric Infrastructure While Preparing for the Next Wave of Industrial Expansion
Q1 2024