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The Authority unanimously approved an amended agreement for Microporous requiring at least $1.35 billion in capital investment and 1,832 full-time jobs with an average annual base wage of at least $60,995.39.
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The approved agreement corrects the required job count from 1,732 to 1,832 while retaining the company’s goal of creating 2,015 jobs. The Authority also approved changes to protective covenants at the Southern Virginia Megasite at Berry Hill, including development-review changes for Microporous and provisions affecting the Authority’s control of the covenants.
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