Greater Richmond, Virginia - Greater Richmond Partnership

Greater Richmond, Virginia
“We looked in a lot of other places
and at the end of the day we understood 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
and the 2nd largest
bakery in the U.S.
Industrial electricity
rates are 30% below
the national average
100+ planned
or operating
breweries in Va.
Sector Highlights
Food Processing
Beverage
Machinery & Equipment
More than 50 food processing companies currently operate in the Greater Richmond region.
From Fortune 500 companies like Mondelez to
family-owned specialty producers like Fiorucci
Foods, Richmond-area businesses produce
cookies, cakes, sauces, dips, meats, flavorings
and more.
Greater Richmond is home to a variety of
bottling and packaging operations, producing
cola, coffee, tea and artesian water. Microbreweries and microdistilleries are growing
rapidly with a consumer base enthusiastic
about locally produced beverages.
Companies like AMF Bakery, ProSeal and
MWV support the growing food and beverage
industry by supplying machinery, processes,
and packaging. These businesses are consistently innovating new solutions to help
food and beverage producers become more
efficient 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
BluePrint Automation, Inc.
Fiorucci Foods, Inc. (a subsidiary of Campofrio Food Group America)
C.F. Sauer
Coca-Cola Bottling Company
Daystar Desserts/World’s Best Cheesecake
Dean Foods Company
Interbake Foods Inc. - Corporate Office
Maruchan Virginia, Inc.
Mondelez International (formerly Kraft-Nabisco)
High-speed bakery equipment
Case packaging machinery
Prepared meats
Spices; cooking oils; flavoring extracts & syrups;
Duke’s mayonnaise products
Regional beverage producer and bottling company
Cheesecakes
Oils
Cookies and crackers
Noodle soups
Cookies and crackers
MWV (MeadWestvaco)
Packaging design
Sabra Dipping Company
Hummus and dips
San-J International, Inc.
Ukrop’s Homestyle Foods
Tamari sauce
Chilled prepared foods and premium baked goods
Growing Businesses
n Sabra Dipping Company, maker of America’s most popular hummus,
operates a facility in Chesterfield County. The company has invested $60
million since locating in the Richmond area in 2008 and continues to expand,
recently announcing an additional $28 million investment including a research
and development facility and two new manufacturing lines.
n San-J International Inc. established the first Tamari brewing facility in
the United States in Henrico County nearly 30 years ago. The Japanese company has thrived in the region and is planning on investing an estimated $38
million to expand its Henrico plant, adding 18 jobs to its existing 55 employee
workforce.
Sabra Dipping Company’s plant in Chesterfield
County is the largest hummus factory in North
America.
Transportation & access to market
1
Hanover
95
Whether shipping perishable food products to market or machinery to
customers, it’s easy to move goods in any direction from Greater Richmond. Interstates I-64, I-95, I-85 and I-295 converge in the metro area,
putting 55 percent of the US population and a significant percentage
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.
R R
Hanover
Airport
301
64
295
73
R R
295
288
R R
Richmond
76
Port of
Richmond
Richmond
International
Airport
Ai
64
895
150
Henrico
H
The Richmond International Airport (RIC) handles about 85 million
pounds of cargo annually and is designated as a Foreign Trade Zone
#207. The Port of Richmond provides domestic and international
multi-modal shipping opportunities including service to the Port of
Virginia, which is the third-largest container port on the U.S. East
Coast with service from more than 75 international shipping lines to
100 countries.
Chesterfield
Airport
Chesterfield
288
95
James River
1
301
R R
295
85
Virginia agriculture supplies food
and beverage manufacturers with
poultry, livestock and crops such as
corn canola, soybeans and more.
Norfolk Southern
& CSX provide
rail freight
service
The Richmond Region is a proven
location for food and beverage related R&D with companies such as
Sabra and MWV leading the way.
Average
commute time
is only 25
minutes
UPS & FedEx
district hubs are
located in the
region
Greater Richmond offers affordable
wages and a productive, skilled
labor force of nearly 6,000 food
workers comfortable 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.
Virginia Economic Development Incentive Grant
Assists and encourages companies to invest and to provide new employment
opportunities
Virginia Jobs Investment Program
Supports the creation of new jobs and investment and helps businesses train
new and existing workers
Governor’s Opportunity Fund
A “deal closing” fund to be employed at the Governor’s discretion to secure
a company location or expansion in Virginia
Enterprise Zones
Specially designated zones offer 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
Major Business Facility Job Tax Credit
A corporate income tax credit of $1,000 for each new full-time job created over a
threshold number of jobs
Governor’s Agriculture and Forestry Industries
Development (AFID) Fund
A grant available to businesses that add value to Virginia-grown agriculture and
forestal products.
Why Greater Richmond
for your business?
Richmond is the capital of Virginia, the center of commerce,
government and academic endeavors:
n Home to 10 Fortune 1000 headquarters
n Population of nearly 1.3 million
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 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.
Boston
Richmond
One of
America’s
“Top States
for Business”
Miami
- CNBC.com,
2013
Top Cities
for Business
Growth
- Wall Street Journal’s
MarketWatch.com,
2013
3rd Best
Large City in
the U.S. for Job
Creation
- Gallup, 2012
business clusters
This Food & Beverage cluster brochure is part of a library of information. Other cluster and specialty brochures include:
Supply Chain
Management
Advanced
Manufacturing
Professional
& Creative
Services
Corporate
Headquarters
Finance &
Insurance
Food &
Beverage
Health & Life
Sciences
Data Centers
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 offer site location assistance and other services to domestic and foreign companies planning new or expanded facilities.
3/15