Premier Tech Expansion announced by Governor Northam
November 9, 2018
“Premier Tech has always made it a priority to keep moving forward, by improving and by strengthening our ability to perform well so we can be successful in our markets and secure our future,” said Bernard Bélanger, Chairman of the Board and Chief Executive Officer of Premier Tech. “But above all, our priority is to better serve our clients and help them achieve success, too. This initiative is one more step in that direction, reaffirming Premier Tech’s long-term commitment to streamlining our manufacturing activities and strengthening our presence in the United States.”
The Virginia Economic Development Partnership worked with King and Queen County, the Virginia Department of Agriculture and Consumer Services (VDACS), and the Virginia Department of Environmental Quality (DEQ) to secure the project for Virginia. Governor Northam approved a $75,000 grant from the Commonwealth’s Opportunity Fund to assist King and Queen County with the project. The Governor also approved a $75,000 grant from the Governor’s Agriculture and Forestry Industries Development (AFID) Fund administered by VDACS. The company is eligible for Sales and Use tax exemptions on manufacturing equipment as well as recycling tax credits for the processing of recyclable materials. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program (VJIP).