Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Kraft Invests $40 million in Virginia Facility

03/05/2010
Virginia Governor Bob McDonnell announced on March 2 that Kraft Foods will invest $40 million in its Frederick County facility.  The project will create 100 new jobs at a plant that produces Capri Sun beverages.
   
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.  

Exclusive Research