PerformanceLivestock and Feed Company, Inc. to Invest More Than $4 Million to Establish Feed Production Operation in Virginia
RICHMOND – Governor Terry McAuliffe announced today that North Carolina-based Performance Livestock and Feed Company, Inc., will invest $4.2 million to establish a new feed production operation in Henry County. The family-owned business will increase production by 50 percent over the next three years, and commit to purchasing nearly $11 million in Virginia-sourced grains and other feed ingredients. Virginia successfully competed against North Carolina for the project, which will create 32 new jobs.
"The investments made by Performance Livestock and Feed will increase feed production and create jobs and help bolster Virginia's reputation as one of the nation's leaders in quality and innovative livestock feed," said Governor McAuliffe. "I applaud Performance Livestock and Feed's commitment to growing its business here in Virginia, and I am pleased that the Commonwealth could support such an entrepreneurial project. Investments like this highlight the central role agriculture plays in building the new Virginia economy. " - See more at: https://governor.virginia.gov/newsroom/newsarticle?articleId=15630#sthash.t6e3W8QL.dpuf