Monday, May 12, 2025
5/12/2025
People Incorporated of Virginia CED - <p>People Incorporated of Virginia will use $760,361 in CED funds to provide a loan to Polycap, LLC, a manufacturing business that manufactures plastics in Lebanon Virginia. To loan will allow Polycap to purchase the equipment needed to expand business operations, a new injection molding machine, four cavity robots that pull parts out of the injection molding machine to operate faster. People Inc. has relationships with community partners who can help identify, recruit, and create a pool of eligible workers to fill Polycap’s new positions operating this equipment.  People Inc. will provide access to several wrap-around services to support Polycap’s new low-income hires to help them maintain employment in the long term. These will include financial literacy training, job training, consumer loans, childcare, housing support, and referrals for substance abuse treatment as necessary. The project will create 31 new, full-time jobs, 24 of which will be filled by individuals with low income.</p>
HHS’ Tracking Accountability in Government Grants System (TAGGS) website provides access to detailed descriptions of grants, loans, aggregated direct payments and other types of financial assistance awarded by the HHS Operating Divisions (OPDIVs) and the Office of the Secretary Staff Divisions (STAFFDIVs).