PRESS RELEASE - Vegetable And Butcher To Relocate Headquarters To Prince George's County

Vegetable And Butcher To Relocate Headquarters To Prince George's County

Economic Development Incentive Fund Recipient Proves Expansion Starts Here

Largo, MD – Prince George's County Economic Development Corporation is proud to announce Vegetable and Butcher, a subscription-based food delivery service's, decision to relocate its headquarters to Prince George's County. The company is moving from Washington, D.C., to a 32,000-square-foot Class A industrial space at 6001 Fallard Drive in Upper Marlboro, MD.

"We are Prince George's Proud that Vegetable and Butcher has chosen Prince George's County as the new home of their headquarters and manufacturing facility," said Prince George's County Executive Angela Alsobrooks in a statement. "Throughout our administration, we have remained committed to bringing quality businesses and amenities to our County, as well as providing meaningful employment opportunities for our residents right in their own community. We also recognize that our residents should have access to a range of healthy food options, and we are pleased that Vegetable and Butcher will offer a variety of healthy choices to Prince Georgians."

Congratulations were also given via a statement from Maryland Governor Wes Moore and Maryland Secretary of Commerce Kevin A. Anderson about the relocation to Maryland and State assistance provided to the company.

The Maryland Department of Commerce has approved a $480,000 conditional grant through Advantage Maryland to assist with project costs. Vegetable and Butcher is also eligible for various other incentives and tax credits, including the More Jobs for Marylanders program and the state's Job Creation Tax Credit. Additionally, Prince George's County's contribution to the project included a $480,000 conditional loan through its Economic Development Incentive Fund to help the company complete the project.

"Vegetable & Butcher's expansion to Prince George's County has been exciting and purposeful," said PGCEDC Financial Service Program Manager Andre Plummer. "As designed, the Economic Development Incentive Fund assists businesses like Vegetable & Butcher in expanding their business operations here in Prince George's County. Vegetable & Butcher was well-suited for the EDIF as a result of its Perishable Prepared Food Manufacturing division, which aligns with the County's most recent Economic Development Strategic Action Plan, focusing on industry sectors that promote economic and employment development, create high-quality jobs that diversify and grow the County's tax base while helping support improved quality of life for County residents."

Vegetable & Butcher's move to Prince George's County is another example of why Expansion Starts Here. The company employs 56 workers and plans to create 184 full-time jobs over the next three years. Formed in 2016, Vegetable and Butcher delivers ready-to-eat meals to approximately 150 zip codes in the Mid-Atlantic region. The company offers two chef-inspired meal types – plant-based or with animal protein – and are always dairy and gluten-free. Since its launch, the company has delivered more than 1 million meals to people in the area and currently donates hundreds of meals each week to assist those in need.

"We've spent an incredible amount of energy streamlining a vertically integrated approach to our business, and we aspire to take our approach much further," said Vegetable and Butcher Co-Founder and Chief Experience Officer Ariane Valle. "When we commit to securing a regional farmer's harvest, we create impact. When we build embedded supply chains that support local communities, we become a catalyst for change. And when we let our values lead the way, we can completely redefine what it means to be a food ecosystem."

For more information about the EDI Fund and the services the Economic Development Corporation provides to local companies, visit www.pgcedc.com.

About Prince George's County Economic Development Corporation

Celebrating 40 years, the mission of the Prince George’s County Economic Development Corporation (PGCEDC) is to cultivate and promote a strong local economy that supports the growth and prosperity of entrepreneurs and businesses dedicated to strengthening communities through business development and job creation.

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For more information contact:

Rhett Butler

240.427.7926 Direct

rbutler@co.pg.md.us

Marketing & Communications Manager

Prince George's County Economic Development Corporation