AFID Governors Agriculture & Forestry Industries Development - PowerPoint PPT Presentation

Apr 07, 2024 •310 likes •349 views

AFID Governors Agriculture & Forestry Industries Development Fund 2 Governors Agriculture & Forestry Industry Development Fund - AFID Facility Grants: traditional economic development incentive grant program available to a

AFID Governor’s Agriculture & Forestry Industries Development Fund 2
Governor’s Agriculture & Forestry Industry Development Fund - AFID Facility Grants: traditional economic development incentive grant program available to a company that is creating new jobs, capital investment AND purchase of Virginia- grown products REQUIREMENTS: (1) Must add value to ag/forestry products (2) Minimum 30% ag/forestry products must be sourced from Virginia (3) Requires dollar-for-dollar local match - AFID Planning Grants: Grant program designed to assist local governments to better integrate agriculture and forestry into economic development efforts REQUIREMENTS: (1) Must involve ag/forestry board, committee or working group (2) Requires dollar-for-dollar local match 3
Governor’s Agriculture & Forestry Industry Development Fund AFID Facility Grants as of November 14, 2019 88 Facility grants totaling $6,829,900 2,452 new jobs $517,367,587 new investment $700,002,639 new Virginia-grown purchases AFID Planning Grants as of November 14, 2019 40 Planning Grants totaling $816,232 59 different localities 4

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