CAMPBELL COUNTY (WSLS 10) - Abbott will invest $34 million to expand its Altavista nutrition manufacturing facility.
Virginia competed against other states for the project, which will create 34 new jobs.
"People around the world rely on our nutrition products to live more active, healthy lives," said John Ginascol, Abbott'sVice President of global nutrition supply chain, Abbott. "As the need for our science-based products continues to grow globally, we look forward to expanding our facility in the Commonwealth of Virginia so we can help more people live better."
The Tobacco Region Revitalization Commission approved $240,000 in Tobacco Region Opportunity Funds for the project. Governor Terry McAuliffe also approved a $300,000 performance-based grant from the Virginia Investment Partnership program, an incentive available to existing Virginia companies. The Virginia Economic Development Partnership worked with Campbell County and the town of Altavista to secure the project for Virginia. The company will also receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program.
Additional funding and services to support Abbott's employee training activities will be provided through the Virginia Jobs Investment Program.
"The investment made by Abbott demonstrates that Altavista provides our corporate neighbors an environment for growth," stated Altavista Mayor Mike Mattox. "We have a lower cost of conducting business and a unique quality of life that is unsurpassed in the Commonwealth. We are pleased that Abbott will continue to call Altavista home."
"We are really blessed to have Abbott expand and continue to partner with the Altavista community and Campbell County," said Delegate C. Matthew Fariss. "Altavista needed this. It is encouraging to see businesses that are operating in Virginia expand their operations, showing their belief that the Commonwealth of Virginia is a great place to do business.