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Greater Richmond, Virginia Greater Richmond, Virginia “We looked in a lot of other places and at the end of the day we un- derstood that the best place for us to take our dream and our vision, to make it true, is here in Greater Richmond.” Ronen Zohar, former CEO of Sabra Dipping Company Home of Mondelez, Industrial electricity 120+ planned the 2nd largest rates are 30% below or operating bakery in the U.S. the national average breweries in Va. SECTOR HIGHLIGHTS Food Processing Beverage Machinery & Equipment More than 50 food processing companies cur- Greater Richmond is home to a variety of Companies like AMF Bakery, ProSeal and rently operate in the Greater Richmond region. bottling and packaging operations, producing WestRock support the growing food and From Fortune 500 companies like Mondelez cola, coffee, tea and artesian water. Micro- beverage industry by supplying machinery, to family-owned specialty manufacturers like breweries and microdistilleries are growing processes, and packaging. These businesses Fiorucci Foods, Richmond-area businesses rapidly with a consumer base enthusiastic are consistently innovating new solutions to produce cookies, cakes, sauces, dips, meats, about locally produced beverages. help food and beverage producers become favorings and more. more effcient and less wasteful. KEY COMPANIES Below is a representative list of food and beverage-related businesses that operate in the Greater Richmond region: AMF Bakery High-speed bakery equipment BluePrint Automation, Inc. Case packaging machinery Fiorucci Foods, Inc. (a subsidiary of Campofrio Food Group America) Prepared meats Spices; cooking oils; flavoring extracts & syrups; C.F. Sauer Duke’s mayonnaise products Coca-Cola Bottling Company Regional beverage producer and bottling company Dean Foods Company Milk Interbake Foods Inc. - Corporate Ofce Cookies and crackers Maruchan Virginia, Inc. Noodle soups Mavalerio Decorative confectionary Mondelez International (formerly Kraft-Nabisco) Cookies and crackers WestRock (Formerly MeadWestvaco) Packaging Sabra Dipping Company Hummus and dips San-J International, Inc. Tamari sauce Ukrop’s Homestyle Foods Chilled prepared foods and premium baked goods GROWING BUSINESSES n Sabra Dipping Company, maker of America’s most popular hummus, operates the world’s largest facility in Chesterfeld County. The company has invested $60 million since locating in the Richmond area in 2008 and con- tinues to expand, including an additional $86 million expansion in 2013 that added a research and development facility and new manufacturing lines. n San-J International Inc. established the frst Tamari brewing facility in the United States in Henrico County nearly 30 years ago. The Japanese com- pany has thrived in the region and is planning on investing an estimated $38 Sabra Dipping Company’s plant in Chesterfield million to expand its Henrico plant, adding 18 jobs to its existing 55 employee County is the largest hummus factory in North workforce. America. Hanover 1 TRANSPORTATION & ACCESS TO MARKET 95 Whether shipping perishable food products to market or machinery to R R customers, it’s easy to move goods in any direction from Greater Rich- Hanover 301 Airport mond. Interstates I-64, I-95, I-85 and I-295 converge in the metro area, 64 putting 45 percent of the US population and a signifcant percentage 295 of its manufacturers within a day’s drive. Two of the nation’s largest rail operators provide freight service on double-stack Class I rail lines. 73 R R The Richmond International Airport (RIC) handles about 85 million 295 pounds of cargo annually and is designated as a Foreign Trade Zone #207. The Port of Richmond provides domestic and international multi- 288 R R Richmond modal shipping opportunities including service to the Port of Virginia, International 64 Richmond Airport which is the third-largest container port on the U.S. East Coast with Port of Richmond 895 service from nearly 30 international shipping lines to 200 countries. 76 150 HenricH o Chesterfield Airport 288 Chesterfield 95 James River 1 301 Norfolk Southern Average UPS & FedEx & CSX provide commute time district hubs are R R 295 rail freight is only 25 located in the 85 service minutes region Virginia agriculture supplies food The Richmond Region is a proven Greater Richmond ofers afordable and beverage manufacturers with location for food and beverage wages and a productive, skilled poultry, livestock and crops such as related R&D with companies labor force of over 5,000 food corn canola, soybeans and more. such as Sabra and WestRock workers comfortable leading the way. with 24/7 operations. INDUSTRY INCENTIVES Below is a sampling of available incentives relevant to the food and beverage industry. Contact the Greater Richmond Partnership, Inc. for further information about additional incentive opportunities. Governor’s Agriculture and Forestry Industries A grant available to businesses that add value to Virginia-grown agriculture and Development (AFID) Fund forestal products A discretionary, “deal closing” fund to secure a company location or expansion Commonwealth’s Development Opportunity Fund in Virginia and create an incentive to create new jobs Assists and encourages companies to invest and to provide new employment Virginia Economic Development Incentive Grant opportunities Supports the creation of new jobs and investment and helps businesses train Virginia Jobs Investment Program new and existing workers Enterprise Zones Specially designated zones ofer additional incentive opportunities Barge and Rail Usage Tax Credit Tax credit given for moving goods by barge or rail Research and Development Expenses Tax Credit Tax credit for R&D expenses A corporate income tax credit of $1,000 for each new full-time job created over a Major Business Facility Job Tax Credit threshold number of jobs WHY GREATER RICHMOND FOR YOUR BUSINESS? Richmond is the capital of Virginia, the center of commerce, government and academic endeavors: n Home to 8 Fortune 500 headquarters n Population of nearly 1.3 million Boston n Diverse local economy n Located at the mid-point of the East Coast, less than 100 miles from Washington, D.C., with more than 50 percent of the nation’s consumers within a 750-mile radius n Excellent transportation network with rail, air, and port service n Nearly 30 colleges and universities with almost 80,000 Richmond students and more than 15,000 degrees conferred annually n Virginia is a right-to-work state with moderate wages, low levels of unionization, and Unemployment and Workers’ Compensation costs among the lowest in the U.S. Top 10 Best Top 10 Mid-Sized Best States for American Cities Big City Miami Business of the Future Job Markets - Forbes, - fDi Magazine, - ZipRecruiter, 2015 2015 2015 BUSINESS CLUSTERS This Food & Beverage cluster brochure is part of a library of information. Other cluster and specialty brochures include: Professional Supply Chain Advanced Corporate & Creative Management Manufacturing Headquarters Services Finance & Food & Health & Life Data Centers Insurance Beverage Sciences 901 East Byrd Street | Suite 801 | Richmond, VA 23219 | 804-643-3227 | grpva.com The Greater Richmond Partnership, Inc., is the regional economic development group representing the City of Richmond and the Counties of Chesterfield, Hanover and Henrico. We ofer site location assistance and other services to domestic and foreign companies planning new or expanded facilities. 11/16.
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