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Jessica Sabbath// June 15, 2016//
Performance Livestock and Feed Co. will invest more than $4 million to establish a feed production operation in Henry County, creating 32 new jobs.
The North Carolina-based business says it will increase production by 50 percent over the next three years, according to Gov. Terry McAuliffe. The company will commit to purchasing $11 million in Virginia-sourced grains and other feed ingredients.
Performance Livestock produces feed for cattle, horse and other livestock for customers from Florida to Michigan.
Virginia competed against North Carolina for the project. McAuliffe approved a $100,000 grant from the Agriculture and Forestry Industries Development Fund, which is being matched by Henry County. The company also was awarded a grant from the Virginia Tobacco Region Revitalization Commission.
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