RICHMOND, Va. — Governor Ralph Northam on Friday announced that Acesur, an international olive oil manufacturer, plans to invest $11 million to establish its first U.S. production operation in the City of Suffolk.
Virginia was selected for the facility over North Carolina.
Northam said the facility and investment is expected to create 29 new jobs. The new facility, which will handle the company’s bulk oil imports from Argentina, Australia, and Spain, will operate under its subsidiary, Acesur USA LLC.
“Virginia has a strong workforce and a world-class transportation network that allows businesses to easily import and export their products through the Port of Virginia,” said Governor Northam. “These and other advantages continue to attract global companies that want to launch in the United States, and I welcome Acesur USA to the Commonwealth.”
RELATED: 50 new jobs coming to Virginia Beach
Governor Northam approved a $120,000 grant from the Commonwealth’s Opportunity Fund to assist Suffolk with the project. The company is eligible to receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program, and funding and services to support employee training activities will also be provided through the Virginia Jobs Investment Program.
“We are privileged to welcome Acesur to our thriving food and beverage industry sector in Suffolk,” said Suffolk Mayor Linda T. Johnson. “We are confident that their well-respected international presence will be a complementary blend with our skilled workforce and favorable business environment.”
Click here to learn more about the company.
