Status report on Virginia Investment Performance (VIP) projects - Inception through present 1
Important note: VIP grants are post performance grants; thus, no funds are released until targets are met and verified. Clawbacks do not apply to VIP grants, as they are paid post performance.
As of December 31, 2023 - sorted by Status (last column), then alphabetical

Projected
Grant
Completion
amount ($)
Date

Project
numberProject name2022-142479

Kingspan Insulation

Frederick

550,000

2021-141814

PPD

Henrico1,000,000

Locality

Date Initial
Company
Notification
Received

2

Date
SubsequentCompany
Notification
Received

3

Jobs target for Actual jobs as
Completion of Completion
Date
Date4

% of target% of target
Actual capitaljobs attained
Capitalcapex
investment
as
of
as of
investment target
attained as ofCompletion Date Completion
Completion
for Completion
4
Date
Date ($)($)
Date% of target avg.
annual wage
attained as ofCompletion
Date ($)

4

Date ($)

Incentive Stage

6

Pending receipt

37

TBD5

TBD5

27,000,000

TBD5

TBD5

44,037

TBD5

TBD5 Performance Agreement Not Yet Executed

Pending receipt

Pending receipt

458

TBD5

TBD5

92,316,547

TBD5

TBD5

62,395

TBD5

TBD5 Performance Agreement Not Yet Executed

Pending receipt
Pending receipt
Pending receipt
Pending receipt
12/13/2022
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt

Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt
Pending receipt

156
79

5

TBD
5
TBD
TBD5
TBD5
Not applicable

TBD
5
TBD
TBD5
TBD5
50,000,000

573,26929,583

TBD
5
TBD
TBD5
Not applicable

5

TBD
5
TBD
TBD5
Not applicable

TBD
TBD5
5
TBD
5
TBD
Not applicable

5

TBD
TBD5
5
TBD
5
TBD
Not applicable

TBD5
TBD5
TBD5

TBD5
TBD5
TBD5

TBD
5
TBD
TBD5
TBD5
5
TBD
TBD5
5
TBD
5
TBD
TBD5
TBD5
TBD5
TBD5

TBD
5
TBD
TBD5
TBD5
5
TBD
TBD5
5
TBD
TBD5
TBD5
5
TBD
TBD5
5
TBD
5
TBD
TBD5
TBD5
TBD5
TBD5

5

5

25,000,000
35,425,000
25,095,200
27,700,000
40,000,000
65,000,000
37,564,662
145,000,000
30,559,000
46,000,000
44,500,000
122,540,000
40,300,000
59,147,354
48,705,264
34,000,000
64,250,000

564Not applicable
97
52
126
Not applicable
268
50
80
67
Not applicable
145
200
110

TBD
5
TBD
TBD5
TBD5
Not applicable5

50,000,000
295,452,718
30,200,000
110,500,000
75,700,000
31,197,395
25,000,000
104,400,000
135,000,000
68,090,980
25,095,001
182,000,000
63,700,000
25,700,000
56,406,798

TBD5
TBD5
29,351,054
137,016,000
118,030,666

TBD5
TBD5
97%
124%
156%

TBD5

TBD5
0%
149%
100%
110%
122%
80%
138%
121%
193%

2021-141727
2020-141268
2022-142519
2021-142033
2021-141916
2021-142226
2020-141493
2021-141927
2021-142125
2020-141427
2021-141891
2021-142015
2021-142195
2022-142468
2013-77009
2020-141403
2020-141700

AMPAC
Bausch & Lomb
Birdsong Peanuts
Bonumose
Bowman Andros
BWX Technologies
Cava
Crown Holdings
High Liner Foods
Huntington Ingalls
Intertape
Mondelez
Nature's Touch
Perdue AgribusinessPhoenix Packaging
Rage Corporation
Shenandoah Valley
Organic

Petersburg
Lynchburg
Suffolk
Albemarle
ShenandoahCampbellAugustaHenry
Newport News
HamptonPittsylvania
HenricoWarrenChesapeake
Pulaski
Pittsylvania
Harrisonburg

250,000
300,000
250,000
300,000
400,000
700,000
300,000
3,000,000
300,000
1,500,000
300,000
1,800,000
400,000
500,000
1,000,000
300,000
800,000

2021-141828
2021-141954
2017-137703
2018-140031
2019-140591
2019-140684
2020-141366
2019-140789
2020-141458
2021-141728
2018-140198
2021-141742
2018-140357
2015-130780
2015-126975

SunCoke Energy
Tyson Foods

1,200,000
3,000,000
300,000
1,000,000
400,000
300,000
250,000
400,000
500,000
800,000
250,000
2,000,000
450,000
200,000
700,000

10/31/2024
12/31/2024
3/31/2023
12/31/2022
12/31/2022
6/30/2022
12/31/2022
6/30/2022
6/30/2023
3/31/2023
3/31/2023
12/31/2024
3/31/2023
9/1/2020
3/31/2019

Pending receipt
Pending receipt
5/15/2023
1/24/2023
9/14/2022
Pending receipt
Pending receipt
8/29/2022
9/27/2023
4/21/2023
3/14/2023
8/24/2023
2/9/2022
11/11/2020
12/31/2020

Pending receipt
Pending receipt
Pending receipt
Pending receipt
8/24/2023
Pending receipt
Pending receipt
9/27/2023
Pending receipt
Pending receipt
Pending receipt
Pending receipt
3/17/2023
11/18/2021
1/10/2022

Not applicable
376
180
60
Not applicable
45
15
65
110
54
100
Not applicable
200
50
54

Not applicableNot applicable

TBD5
248
56
Not applicable

TBD5
138%
93%
Not applicable

M.C. Dean7
Nestle Purina
PPD
Printpack
SEPPIC/Polykon

Buchanan
Pittsylvania
Botetourt
Chesterfield
Southampton
Danville
Lynchburg
Augusta
AugustaLouisaCaroline
King William
HenricoNewport News
Henrico

TBD5
TBD5
511
485
72
169
Not applicable
473
50
33

TBD5
TBD5
786%
441%
133%
169%
Not applicable
237%
100%
61%

2021-142051
2016-134586
2016-134281
2015-128635
2015-126494

Service Center Metals
Shamrock
Abbott Laboratories
AshlandCanon Virginia

Prince George
Augusta
CampbellHopewell
Newport News

900,000
400,000
300,000
700,000
3,000,000

3/31/2025
6/1/2020
9/1/2019
9/30/2017
1/1/2018

Pending receipt
11/30/2021
12/17/2019
1/23/2018
4/12/2019

Pending receipt
9/1/2022
12/16/2020
2/15/2019
4/7/2020

94
78
34
17
Not applicable

TBD
84
77
17
Not applicable

5

TBD
108%
226%
100%
Not applicable

5

101,722,000
43,900,000
34,000,000
89,250,000
100,000,000

TBD
50,219,717
36,297,400
111,842,900
108,991,147

5

2015-122398
2011-38424
2013-74240

Dominion Packaging
FarevaHollisterHenricoHenricoAugusta

200,000
800,000
250,000

12/31/2019
12/31/2016
12/31/2015

2/26/2020
5/1/2018
1/31/2017

2/10/2021
6/1/2019
2/23/201860
90
Not applicable60
100
Not applicable

100%
111%
Not applicable

25,100,000
42,000,000
29,600,000

2014-90327
2015-128627
2014-111160
2014-117714
2016-134295
9041-17356
2018-138465
2017-137704
16-1450
2011-17162
19-12871

James Hardie
Kingspan
McKee
Merck
MillerCoorsSan J
Westrock
Whitewave
AmfibeAshland
B.I. Chemicals

PulaskiFrederick
AugustaRockingham
Rockingham
HenricoCovington
Rockingham
Henry
HopewellPetersburg

200,000
500,000
300,000
1,300,000
500,000
300,000
2,000,000
700,000
450,000
250,000
2,500,000

12/31/2017
5/1/2018
10/31/2017
2/1/2019
9/1/2019
6/30/201812/31/2021
12/31/2020
12/31/2001
12/31/2012
12/31/2006

3/21/2018
3/18/201912/20/2018
6/25/20195/23/2019
9/30/201912/28/2021
3/23/2020
12/19/2006
11/16/2012
3/4/2012

5/15/2019
5/4/2020
12/10/2019
7/20/2020
7/31/2020
9/30/2020
1/4/2023
3/8/2021
Not available
12/27/2013
Not available

69
15
54
Not applicable23
18
Not applicable
49
50
15
165

82
15
77
Not applicable53
18
Not applicable
68
66
19
180

119%
100%
143%
Not applicable
230%
100%
Not applicable
139%
132%
127%
109%

25,000,000
25,000,000
34,000,000
168,000,000
60,000,000
38,000,000
248,400,000
60,000,000
44,000,000
39,200,000
260,000,000

05-1276

BWX Technologies

Campbell

500,000

7/27/2003

8/8/2003

Not available

320

365

114%

16-17161

Newport News

5,000,000

12/31/2012

10/4/2013

10/4/2013

402

402

100%

2013-79519

Canon Cartridge
CameraCanon Toner

Newport News

3,000,000

6/30/2014

6/25/2015

6/28/2016

27

49

181%

2012-59961
2012-66969

Carmeuse
Celanese Acetate

FrederickGiles

250,000
1,500,000

7/1/2016
12/31/2015

7/28/201612/19/2014

9/12/2017
12/1/2015

25
22

36
0

144%
0%

Altec
DuPontEnvivaEssel Propack
Flowers Baking
Hershey
Hershey
Klockner Pentaplast

Actual avg.
annual wage asof Completion

Pending receipt

Not Yetestablished
Not Yetestablished12/31/2023
12/31/2025
12/31/2023
3/31/2025
12/31/2023
12/31/2025
12/31/2026
6/30/2024
6/30/2025
12/31/2025
12/31/2025
6/30/2024
12/31/2024
6/30/2026
6/30/2022
12/31/2024
3/31/2025

7

Avg. annual
wage target
forCompletion
Date ($)

51

5

76,563
Not applicable
116,591
47,23547,958
Not applicable
69,201
38,00041,52536,746
Not applicable
40,97837,00044,300

TBD
5
TBD
TBD5
TBD5
Not applicable
TBD5
5
TBD
TBD5
Not applicable
5

TBD
TBD5
5
TBD
5
TBD
Not applicable
TBD5
TBD5
TBD5

5
TBD Within Performance Period
5
TBD Within Performance Period
TBD5 Within Performance Period
TBD5 Within Performance Period
Not applicable Within Performance Period
TBD5 Within Performance Period
5
TBD Within Performance Period
TBD5 Within Performance Period
Not applicable Within Performance Period
5
TBD Within Performance Period
TBD5 Within Performance Period
5
TBD Within Performance Period
5
TBD Within Performance Period
Not applicable Within Performance Period
TBD5 Within Performance Period
TBD5 Within Performance Period
TBD5 Within Performance Period

Not applicable
41,66855,00070,905
Not applicable
47,31942,25046,40047,00041,851
51,600Not applicable
62,70042,84045,950Not applicable

TBD
114%
107%
125%
109%

5

74,96845,76041,60075,000Not applicable

TBD
49,77260,00085,518
Not applicableNot applicable Within Performance Period
TBD5 Within Performance Period
101% Company Notification Period
140% Company Notification Period
Not applicable Company Notification Period
TBD5 Company Notification Period
0% Company Notification Period
108% Company Notification Period
110% Company Notification Period
122% Company Notification Period
100% Company Notification Period
Not applicable Company Notification Period
101% Company Notification Period
100% Company Notification Period
124% Company Notification Period; VIP grant reduced to $631,750; job
target not fully met
5
TBD Company Notification Period
109% Company Notification Period
144% Within Payout Period
114% Within Payout Period
Not applicable Within Payout Period

30,723,852
68,346,000
38,295,715

122%
163%
129%

53,00051,500Not applicable

56,04055,600Not applicable

106% Within Payout Period
108% Within Payout Period
Not applicable Within Payout Period

29,771,354
25,773,812
47,783,927
282,000,000
154,966,658
45,331,226
256,089,664
70,431,550
53,200,000
39,200,000
260,500,000

119%
103%
141%
168%
258%
119%
103%
117%
121%
100%
100%

36,79534,32034,055
Not applicable
73,112
26,489Not applicable
49,50022,00049,92056,00040,39343,80339,584
Not applicable
78,82435,232
Not applicable
64,357
Not available
49,920Not available

110% Within Payout Period
128% Within Payout Period
116% Within Payout Period
Not applicable Within Payout Period
108% Within Payout Period
133% Within Payout Period
Not applicable Within Payout Period
130% Within Payout Period
0% Payout Completed
100% Payout Completed
0% Payout Completed; phase 1 payout completed; phase 2 reduced
to $1,562,500; last three payments not paid as company closed

41,100,000

41,100,000

100%

26,72826,728

100% Payout Completed

370,000,000

370,000,000

100%

34,55034,550100% Payout Completed

27,000,000

27,094,750

100%

38,00042,700112% Payout Completed

45,000,000
145,000,000

62,500,000
150,000,000

139%
103%

43,673100,000

59,8380137% Payout Completed
0% Payout Completed; VIP grant reduced to $1,125,000; jobs not
maintained

155,418,843
135,044,850
74,894,197
30,500,000
145,700,000
88,036,814
31,165,461
108,600,000

TBD5
55,66599,089Not applicable
TBD5
50,331
51,77550,992
51,719Not applicable
63,17443,052
56,987
5

Status report on Virginia Investment Performance (VIP) projects - Inception through present 1
Important note: VIP grants are post performance grants; thus, no funds are released until targets are met and verified. Clawbacks do not apply to VIP grants, as they are paid post performance.
As of December 31, 2023 - sorted by Status (last column), then alphabetical

Project
numberProject nameLocality

Projected
Grant
Completion
amount ($)
Date

Date Initial
Company
Notification
Received

2

Date
SubsequentCompany
Notification
Received

3

Jobs target for Actual jobs as
Completion of Completion
Date
Date4

% of target% of target
Actual capitaljobs attained
Capitalcapex
investment
as
of
as of
investment target
attained as ofCompletion Date Completion
Completion
for Completion
4
Date
Date ($)($)
Date

Avg. annual
wage target
forCompletion
Date ($)

Actual avg.
annual wage asof Completion
4

Date ($)

2014-105588

Continental

Newport News

4,000,000

12/31/2019

10/1/2015

2/5/2016

525

266

51%

152,000,000

92,465,033

61%

36,53238,47406-14520
16-12750
2014-87017
16-13461
16-1114Coors
DeGussa/Goldschmidt
Dominion Packaging
DuPontFisher ScientificRockingham
HopewellHenricoChesterfield
Frederick

750,000
300,000
300,000
650,000
350,000

12/31/2007
12/31/2004
10/31/2016
6/30/2005
11/2/2002

6/15/2009
8/22/2007
2/23/201610/21/2005
11/29/2006

Not available
Not available
2/22/2017
Not available
Not available

12
28
113
51
50

15
41
113
51
24

125%
146%
100%
100%
48%

229,000,000
26,600,000
25,363,000
146,000,000
25,500,000

333,000,000
26,600,000
43,156,916
146,000,000
25,500,000

145%
100%
170%
100%
100%

48,50039,00033,35455,00034,200Not available
68,51243,43753,13038,00016-13513
2014-92496

Framatome
Greif

Lynchburg
Amherst500,000
350,000

12/31/2005
6/30/2015

6/4/2007
11/24/2015

Not available
12/13/2016

300
Not applicable413
Not applicable138%
Not applicable

32,000,000
45,000,000

40,000,000
46,315,532

125%
103%

60,247
Not applicable

73,974
Not applicable

16-10126
2013-79518
17-13816
9003-17211

Hershey
HP Hood
HP Hood
Industrial Resource
Technologies
Interbake Foods
Klockner Pentaplast
Kraft

AugustaFrederickFrederickGloucester

425,000
1,000,000
500,000
500,000

12/30/2001
7/31/2016
6/30/2005
12/31/2012

7/31/2001
4/29/2016
9/12/2005
3/8/2013

Not available
4/20/2017
Not available
1/13/2014

100
75
65
30

117
99
69
41

117%
132%
106%
137%

45,000,000
84,628,856
42,800,000
29,000,000

54,800,000
102,691,971
42,800,000
34,800,000

122%
121%
100%
120%

27,41444,08034,32027,90827,414
44,18934,32027,908WarrenWythe
Frederick

500,000
200,000
300,000

12/31/2006
10/31/2005
12/31/2003

8/10/2007
6/10/2008
2/19/2008

Not available
Not available
Not available

133
108
75

257
108
0

193%
100%
0%

40,200,000
34,000,000
29,000,000

57,200,000
38,400,000
28,800,000

142%
113%
99%

29,474
34,05027,04032,136
34,050Not available

323-17988
06-15701

Kraft Capri Sun
Lees Commercial
CarpetFrederickRockbridge

300,000
100,000

12/31/2012
3/31/2009

2/5/2013
5/15/2009

5/12/2014
Not available

100
25

100
0

100%
0%

40,000,000
26,400,000

52,000,000
27,700,000

130%
105%

40,276
24,96043,800Not available

2012-64724
06-15445

LiptonMcKee Foods

Suffolk
Augusta

1,000,000
425,000

12/31/2016
12/30/2003

12/21/2016
8/16/2007

2/28/2018
Not available

250
229

264
172

106%
75%

96,200,000
45,300,000

115,000,000
45,400,000

120%
100%

45,76026,624

72,176
Not available

2011-34830
06-11852
31-16831

MeadWestvaco
Mennel Milling
Merck

Covington
RoanokeRockingham

1,000,000
250,000
1,500,000

9/30/2014
6/30/2007
8/1/2010

11/30/2015
11/24/2008
8/12/201412/15/2016
Not available
Not available

Not applicable370

Not applicable4181

Not applicable
133%
259%

285,000,000
30,800,000
250,000,000

296,376,145
30,800,000
158,221,261

104%
100%
63%

Not applicable
26,37460,000Not applicableNot available
98,00031-15075

Merck

Rockingham

500,000

6/30/2006

1/4/2007

Not available

Not applicableNot applicableNot applicable

40,000,000

29,500,00074%

Not applicableNot applicable

15-13067
14-18281
2014-107859
34-17234
9003-14875
9003-17947
31-18065
2011-20643
16-11752

Metalsa
MicronMondelezOrbital Sciences
PepsicoPolymer Group
PPD
RockTennRoss Products/Abbott
Labs

Botetourt
Manassas
HenricoLoudounWythe
Waynesboro
HenricoHopewellCampbell

300,000
1,000,000
100,000
1,000,000
1,500,000
750,000
500,000
300,000
300,000

3/31/2005
3/31/2011
3/31/201512/31/2011
12/31/2009
2/1/2012
1/31/201412/31/2013
12/31/2003

11/8/2006
1/30/2012
7/8/2015
12/27/2011
9/3/2010
3/26/201212/31/2014
10/31/2014
1/16/2007

Not available
Not available
5/2/2016
12/10/2012
Not available
3/6/2014
6/17/2016
1/21/2016
Not available

70
123
Not applicable
125
250
41
190
Not applicable
61

105
123
Not applicable
332
290
42
208
Not applicable
64

150%
100%
Not applicable
266%
116%
102%
109%
Not applicable105%

25,000,000
56,000,000
40,750,000
45,000,000
140,000,000
65,000,000
28,000,000
41,000,000
29,000,000

32,000,000
116,000,000
47,783,549
127,000,000
143,500,000
73,300,000
29,629,553
147,000,000
30,700,000

128%
207%
117%
282%
103%
113%
106%
359%
106%

34,941
69,415
Not applicable
100,000
32,00037,93953,000Not applicable
33,696

Not available
71,613
Not applicable
105,208
37,60045,69153,000Not applicable
37,98016-1269

Rowe Furniture

Montgomery

750,000

1/31/2000

11/3/2006

Not available

458

188

41%

28,000,000

28,000,000

100%

23,088

Not available

2011-19824

Rubbermaid

Winchester

600,000

6/30/2014

9/9/2015

9/21/2016

71

52

73%

67,300,000

121,500,000

181%

73,73250,557

2013-70181
19-1941

Sabra Dipping
Sara Lee

Chesterfield
Suffolk

500,000
500,000

7/1/2016
1/1/2004

3/24/2015
4/15/2008

3/24/2016
Not available

140
100

140
94

100%
94%

86,000,000
93,000,000

87,691,861
98,400,000

102%
106%

45,00035,00054,78546,00071-1312875-16087
02-2563
2015-128253
06-14445

Stihl
Swedwood
United States Gypsum
Volvo
WhiteWave

Virginia Beach
Danville
Norfolk
PulaskiRockingham

700,000
1,000,000
500,000
2,000,000
400,000

12/31/2005
12/31/2010
1/1/2007
9/15/201612/31/2006

1/25/2007
3/29/2006
9/7/2011
12/15/2016
8/30/2007

Not available
Not available
Not available
5/11/2018
Not available

200
271
25
Not applicable
50

232
302
0
Not applicable
56

116%
111%
0%
Not applicable112%

60,800,000
85,500,000
132,000,000
25,000,000
49,000,000

70,800,000
110,000,000
159,000,000
31,440,000
84,100,000

116%
129%
120%
126%
172%

35,40027,31033,904
Not applicable
30,160Not available
28,92024,669Not applicable
37,7732013-74609
TOTAL8WhiteWaveRockingham

800,000
80,700,000

6/30/2014

9/26/201412/19/2016

36
7,113

64
8,492

178%
119%

69,800,000
5,994,204,030

84,500,000
6,904,089,378

121%
115%

41,60042,23411-15001
506-12910
16-11674

2% of target avg.
annual wage
attained as ofCompletion
Date ($)

Incentive Stage

6105% Payout Completed; VIP grant reduced to $2,000,000; company
closing
0% Payout Completed
176% Payout Completed
130% Payout Completed
97% Payout Completed
111% Payout Completed; VIP grant reduced to $341,250; jobs target not
fully met
123% Payout Completed
Not applicable Payout Completed
100% Payout Completed
100% Payout Completed
100% Payout Completed
100% Payout Completed
109% Payout Completed
100% Payout Completed
0% Payout Completed; VIP grant reduced to $128,950; job andinvestment targets not fully met
109% Payout Completed
0% Payout Completed; VIP grant reduced to $75,000; job target not
met; last three payments foregone in lieu of COF repayment
158% Payout Completed
0% Payout Completed; VIP grant reduced to $371,875; job target not
fully met
Not applicable Payout Completed
0% Payout Completed
163% Payout Completed; VIP grant reduced to $1,224,675, investment
target not fully met
Not applicable Payout Completed; VIP grant reduced to $389,750; investment
target not fully met
0% Payout Completed
103% Payout Completed
Not applicable Payout Completed
105% Payout Completed
118% Payout Completed
120% Payout Completed
100% Payout Completed
Not applicable Payout Completed
113% Payout Completed
0% Payout Completed; VIP grant reduced to $250,000; job target not
fully met
69% Payout Completed; VIP grant reduced to $559,500; job target not
fully met
122% Payout Completed
131% Payout Completed; VIP grant reduced to $485,000; job target not
fully met
0% Payout Completed
106% Payout Completed
73% Payout Completed
Not applicable Payout Completed
125% Payout Completed; VIP grant reduced to $250,000; job target not
fully met
102% Payout Completed

Status report on Virginia Investment Performance (VIP) projects - Inception through present 1
Important note: VIP grants are post performance grants; thus, no funds are released until targets are met and verified. Clawbacks do not apply to VIP grants, as they are paid post performance.
As of December 31, 2023 - sorted by Status (last column), then alphabetical

Project
numberProject nameLocality

Projected
Grant
Completion
amount ($)
Date

Date Initial
Company
Notification
Received

2

Date
SubsequentCompany
Notification
Received

3

Jobs target for Actual jobs as
Completion of Completion
Date
Date4

% of target% of target
Actual capitaljobs attained
Capitalcapex
investment
as
of
as of
investment target
attained as ofCompletion Date Completion
Completion
for Completion
4
Date
Date ($)
($)
Date

1

Avg. annual
wage target
forCompletion
Date ($)

Actual avg.
annual wage asof Completion

Excludes projects approved by the Governor which did not meet their targets by the projected completion date and for which funds were never disbursed.
Initial company notification reports the actual jobs, investment, and wages achieved as of the projected completion date. (Initial company notifications are not subject to fixed deadlines and may be received significantly before or after projected completion date).
Subsequent company notification required a year after the initial company notification confirming there has been no net reduction in employment since the initial company notification was submitted.
4
No formal verification procedures were in place prior to 04/01/17. Projects with projected performance dates or payout dates on or after 04/01/17 have been verified through VEC data and with local Commissioners of the Revenue.
5
To be determined upon receipt of Initial Company Notification.
6
Status Definitions:
Within performance period: Companies within performance period are not required to report until the established projected completion date.
Company notification period: Company notification period means that companies are within the reporting stage for the agreed-upon targets.
Within payout period: Denotes companies that have met the established targets and are within the payout period. VIP grants are paid in five equal installments over a five-year period.
Payout completed: Denotes companies that have met the established targets and for which the grant has been fully paid.
7
Extension of 15 months granted to allow company additional time to reach performance metrics.
8
Excludes jobs and capital investment for projects for which company notification has not begun.
2
3

3

4

Date ($)% of target avg.
annual wage
attained as ofCompletion
Date ($)

Incentive Stage

6