A major boost for Central Virginia's economy finds Chesterfield neighbors speaking out as thousands of new jobs head to the county.
Shandong Tralin Paper will also use straw and corn stalks from Virginia and surrounding areas, driving new agricultural demand. From an environmental standpoint, the harvest of these agricultural residuals is compatible with the Chesapeake Bay-friendly no-till crop production practices these producers are already using, the governor's office said.
The company was founded in 1976 and is based in Liaocheng, China and creates 400,000 tons of refined pulp, 700,000 tons of machine-made paper, 400,000 tons of organic fertilizers, and 2.4 billion food and medical packaging boxes annually.
"We are pleased that Virginia and Chesterfield County will be the site of our first U.S. advanced manufacturing operation," said Mr. Hongfa Li, Chairman and President, Shandong Tranlin Paper Co., Ltd. "Virginia has abundant resources of agricultural stalks, power and water supply, manpower, and a strong transportation system—all necessary tools that guarantee Tranlin's future development."
Governor McAuliffe approved a $5 million grant from the Governor's Opportunity Fund to assist Chesterfield with the project. Funding and services to support the company's employee training activities will be provided through the Virginia Jobs Investment Program.
The company may also be eligible to receive a Major Employment and Investment (MEI) custom performance grant, subject to approval by the General Assembly. An MEI project is defined under current law as a regional economic development project in which a private entity is expected to make a capital investment exceeding $250 million in the Commonwealth and to create more than 400 new full-time jobs. As part of its review, the Commission may endorse certain incentive packages for approval by the General Assembly.
"What a great and historical day for Virginia, the region, and Chesterfield County," said Jay Stegmaier, County Administrator for Chesterfield County. "The scope and reach of this project is enormous and has significant impacts on both the business and agriculture communities. We enthusiastically welcome Tranlin as the newest international member of our corporate family."
Saturday, July 26 2014 2:09 PM EDT2014-07-26 18:09:07 GMT
A mysterious 'Woman in Black' has been spotted around the Tri-State in recent days, causing social media to erupt with questions about her identity. According to WATE in Tennessee, the Sullivan CountyMore >>
A mysterious 'Woman in Black' has been spotted around the Tri-State in recent days, causing social media to erupt with questions about her identity.More >>
Monday, July 28 2014 7:11 AM EDT2014-07-28 11:11:00 GMT
It's no exaggeration to say history is about to unfold tomorrow in Downtown Richmond. Former Gov. Bob McDonnell and his wife Maureen are going on trial, battling corruption charges and battling to saveMore >>
It's no exaggeration to say history is about to unfold Monday in Downtown Richmond. Former Gov. Bob McDonnell and his wife Maureen are going on trial, battling corruption charges and battling to saveMore >>
Monday, July 28 2014 4:25 PM EDT2014-07-28 20:25:29 GMT
Chesterfield Police are looking for the man who they said ran from officers Sunday night. The chase started about 8 p.m. Sunday night along James Street near Virginia State University. Officers saidMore >>
Chesterfield Police are looking for the man who they said ran from officers Sunday night. More >>
Monday, July 28 2014 1:00 AM EDT2014-07-28 05:00:55 GMT
Copyright 2014 WWBT NBC12. All rights reserved.More >>
Sara Bruehl, 18, was killed after a stranger shot her in the head, while she was driving, 15 years ago this summer. Sara's mother is using every avenue, including social media, to hunt down her daughter's killer.More >>