Hershey Company Plans $135 Million Expansion at Plant in Augusta County, Virginia
“As we work to accelerate Virginia’s economic recovery, existing corporate partners like The Hershey Company are leading the way with new hiring and investment,” said Governor Ralph Northam. “This major expansion is the company’s second in just over a year, and is a strong testament to the Shenandoah Valley’s ability to attract and retain high-caliber manufacturers. We thank Hershey for its continued confidence in Virginia and its people, and look forward to the company’s next chapter of growth in our Commonwealth.”
Hershey Chocolate of Virginia, Inc. has operated in Augusta County for more than 30 years and employs more than 1,000 people. The Virginia facility is the company’s second-largest plant in the United States. In May 2019, Governor Northam joined Hershey to announce a $104 million investment and 65 new jobs to expand production capacity at the company’s Augusta County operation.
“The Shenandoah Valley has been an excellent place for Hershey to do business and be a part of the community for 38 years now,” said Jason Reiman, Senior Vice President and Chief Supply Chain Officer at The Hershey Company. “We are proud to continue to invest and grow in an area that gives our employees a great place to live and work. Increasingly, Augusta County and Virginia are critical to our company’s growth and ability to deliver iconic and beloved products to consumers around the world.”
“For over three decades, The Hershey Company has been an important contributor to the Shenandoah Valley’s economy and reputation as a top location for food and beverage manufacturers,” said Secretary of Commerce and Trade Brian Ball. “It is an honor to partner with Hershey on another major investment and expansion, especially during these challenging times, and we stand ready to do what we can to ensure the company’s Stuarts Draft operation continues to thrive.”
The Virginia Economic Development Partnership worked with Augusta County to secure the project for Virginia. Governor Northam approved a $1.1 million grant from the Commonwealth’s Opportunity Fund to assist Augusta County with the project. The Governor also approved a performance-based grant of $500,000 from the Virginia Investment Performance (VIP) program, an incentive that encourages capital investment by existing Virginia companies. Funding and services to support Hershey’s job creation will be provided through the Virginia Jobs Investment Program.
“The Hershey Company’s remarkable continued investment in Augusta County is a testament to the company’s dedication to improvement, modernity, and our workforce,” said Gerald Garber, Chairman of the Augusta County Board of Supervisors. “The strengthening of Hershey’s supply chain within Augusta County and the Shenandoah Valley, along with the upcoming Peanut Roasting Center of Excellence, illustrates the strengths of our region and the opportunity for growth that we offer.”
Overlook Produce and Farm Adventures Plans Rockingham County, Virginia, Produce Packing Hub
What’s Driving Record Industrial Real Estate Demand
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Pandemic Fuels Data Center Growth
35th Annual Survey of Corporate Executives Commentary: Change in Site Selection Priorities and Plans Over the Short and Long Term
Trends in Office and Industrial Parks