ISLE OF WIGHT COUNTY, Va. (WAVY) – An Isle of Wight County business received Gov. Terry McAuliffe’s first economic development grant from his Agriculture and Forestry Industries Development Fund Monday.
The AFID grant of $14,400 was awarded to Montague Farms, a family-owned producer and exporter of specialty soybeans based in the Windsor area. Isle of Wight County matched the grant.
The company will invest more than $600,000 for a new state-of-the-art packaging line as well as soybean testing lab and warehouse facility. Three new jobs will also be created.
“I am delighted to award the first AFID economic development grant of my administration to Isle of Wight and Montague Farms, furthering two goals of my economic development and jobs creation strategy for the Commonwealth,” McAuliffe said. “By collaborating with our private sector partners and local governments, we can make the make smart, targeted investments needed to position our economy for new opportunities, especially in agriculture, Virginia’s largest industry. Secondly, with a focus on increasing the amount of products shipped from Virginia into the global marketplace, we can make Virginia the East Coast capital for agricultural and forestry product exports and return more jobs, revenue and prosperity to our rural communities.”
McAuliffe’s office said Montague will also be able to sell into the soybean market of South Korea and beyond.
“Exports are what drives our business, so we are glad to have this assistance from the Commonwealth of Virginia that enables us to continue to develop these markets” said Tom Taliaferro of Montague Farms. “Whether through trade missions promoting Virginia agricultural products, or through their support of the infrastructure needed to access these markets, as we are receiving today, we are appreciative of the Commonwealth’s focus on agriculture exports.”
“We are very thankful to Gov. McAuliffe and Secretary Haymore for making Isle of Wight County not just the first AFID Grant recipient of this administration, but the first locality in Virginia to have received two AFID Grants,” Byron B. Bailey, Chairman of the Isle of Wight County Board of Supervisors added. “First, this past June, with the reopening of the former International Paper sawmill by Franklin Lumber, and now with this facility, we are continuing our partnership with the Commonwealth in supporting projects in our county that bring jobs to our citizens and create new markets and opportunities for our forest and farmland owners.”
For more than 25 years, Montague Farms has been involved in the exporting of food-grade non-genetically modified organism soybeans. For more information on the grant, click here.