Governor McDonnell Announces $84.6 Million Investment in Frederick County
-HP Hood makes largest investment by an expanding company in County in 30 years-
RICHMOND - Governor Bob McDonnell today announced that HP Hood, one of the largest branded dairy operators in the United States, will invest $84.6 million in its Frederick County operation. The company will expand the facility to increase ultra-high temperature production capacity, creating 75 new jobs. This project represents the largest investment by an expanding company in Frederick County in 30 years.
Speaking about today’s announcement, Governor McDonnell said, “HP Hood established its ultra-high temperature processing plant in Frederick County in 2001 and employed 170 people. The company has invested and grown jobs over the past 13 years, and this major investment will expand production capacity and, with the addition of 75 new jobs, bring total employment at the facility to 500. This expansion further secures the Frederick County operation’s standing as the largest plant of its type in the United States. Virginia is honored by this partnership with Hood, and lauds the continued growth of the burgeoning food and beverage industry in the Commonwealth.”
“As one of Frederick County’s largest manufacturing employers, HP Hood is a tremendous asset to the Commonwealth,” said Jim Cheng, Virginia Secretary of Commerce and Trade. “An investment of this magnitude is a huge win, and emphasizes Hood’s confidence in the business climate and infrastructure available in Frederick County. We look forward to the company’s continued success in Virginia.”
Founded in 1846 and headquartered in Lynnfield, Massachusetts, Hood is the number-one dairy brand in New England, and Hood’s portfolio of national and super-regional brands and franchise products includes Hood, Crowley, Simply Smart Milk, Heluva Good!, LACTAID®, BAILEYS® Coffee Creamers, HERSHEY’S ® Milk and Milkshakes and Blue Diamond Almond Breeze® Almondmilk. For more information about Hood, please visit www.Hood.com.
The Virginia Economic Development Partnership worked with Frederick County and the Winchester-Frederick County Economic Development Commission. Governor McDonnell approved a $500,000 grant from the Governor's Opportunity Fund to assist Frederick County with the project. The Governor also approved a $1 million performance-based grant from the Virginia Investment Partnership program, an incentive available to existing Virginia companies. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance would provide funding and services to support the company’s recruitment, training and retraining activities.
“We are proud that HP Hood has selected Frederick County for its most recent expansion and pleased that the expansion will create 75 additional jobs for our community,” said Richard Shickle, Chairman of the Frederick County Board of Supervisors. “The fact that the largest plant of its type will be operating in our area is a testament to Frederick County’s business environment, our infrastructure capabilities, and the quality and availability of our workforce.”