Kraft Invests $40 million in Virginia Facility
03/05/2010
A Kraft Foods spokesperson said the investment reflects the company's commitment to deliver quality products to its customers and consumers.
"This is also a representation of our belief at Kraft Foods that Virginia remains a great place to do business," the spokesperson said.
The Virginia Economic Development Partnership worked with Frederick County and the Winchester-Frederick County Economic Development Commission to close the deal. A $200,000 grant from the Governor's Opportunity Fund will assist the county with the project, and a $300,000 performance-based grant from the Virginia Investment Partnership Program will provide employee training through the Virginia Jobs Investment program.
Kraft Foods, the world's second largest food company, generates annual revenues of approximately $50 billion across its more than 80 brands.
Most Read
-
-
How are Uncertain Times Altering Company Location Strategies?
Q3 2020
-
Infrastructure Investment as an Economic Stimulus Tool
Q3 2020
-
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Q2 2020
-
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Q1 2020
-
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
Q3 2020
-
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Q3 2019