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Grayson to return water plant grant

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INDEPENDENCE — Grayson County will use $150,000 from its Community Development Fund to pay back money to the Virginia Tobacco Commission owed by Universal Food and Beverage Co.

The company owned a water bottling plant in Independence before filing for bankruptcy about three years ago.

Grayson National Bank purchased the plant, located off U.S. 21, following a public auction in November.

Grayson is obligated to repay the money after Universal broke promises made in a performance agreement, which included creating hundreds of jobs.


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The Gazette | circulation@galaxgazette.com | 276-236-5178 ex 204
P.O. Box 68, 108 West Stuart Drive, Galax, VA 24333
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