Monogram Food Solutions Plans $36.475 Million Expansion At Its Henry County, Virginia, Manufacturing Hub
“The workforce in Martinsville has been outstanding, and, because of this, we are expanding now for the third time. When we purchased the facility in 2009, there were about 125 associates. This expansion will take employment to over 600. We love the Martinsville workforce, as they are hard workers and are committed to product quality, people safety and excellent customer service,” said Karl Schledwitz, Chairman/CEO of Monogram Food Solutions.
Founded in 2004 when a group of Memphis investors bought the King Cotton and Circle B Brand Meats business from the Sara Lee Corporation, Monogram Food Solutions is dedicated to providing innovative and top-quality food products. Monogram Meat Snacks, a division of Monogram Food Solutions, is one of the nation’s largest manufacturers of quality meat snacks, including jerky, meat and cheese snacks, kippered beef sticks and pickled sausages. Monogram operates facilities in Minnesota, Indiana, Texas and Iowa, as well as the Henry County, Virginia, plant.
As an incentive, Virginia Economic Development Partnership worked with the Martinsville-Henry County Economic Development Corporation to secure the project for Virginia. Governor McAuliffe approved a $400,000 grant from the Governor’s Opportunity Fund to assist Henry County with the project.
Governor Terry McAuliffe said, “Monogram Food Solutions is a major employer in Martinsville-Henry County, and an investment of this caliber creating 200 new jobs is a tremendous win for the region as it continues to rebound economically. The company is putting more people back to work and helping to diversify the industry base, both of which are critical for building a new Virginia economy.”
The Virginia Tobacco Indemnification and Community Revitalization Commission approved $835,000 in Tobacco Region Opportunity Funds. The company is also eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. The company will also be eligible to receive a Major Business Facility Job Tax Credit and 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.
Biogen Establishes Research Triangle Park, North Carolina, Gene Therapy Production Campus
Trends in Office and Industrial Parks
34th Annual Corporate Survey & the 16th Annual Consultants Survey
“Made in America” Executive Order to Affect International Companies and FDI
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Another Look at Rural Economies
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List