Nov. 28 – 26 new projects announced this year for the greater Southwest Virginia area will create 621 new full-time jobs and 104 part-time jobs. The developments represent more than $218 million in private investment, according to the Virginia Coalfield Economic Development Authority.
Project activity remains high, with 53 active projects currently being tracked, VCEDA Executive Director/General Counsel Jonathan Belcher told board members earlier this month.
Belcher said another 26 loan and grant applications are pending, representing a potential $871,200 in new funding, 88 full-time and 87 part-time positions, and more than $1.77 million in private investment. He also said the agency has conducted 24 outreach marketing events across the United States this year.
Among the items approved during the November VCEDA board meeting was the creation of a new employment initiative, the Coalfield Jobs Investment Project, which will bring eligible for-profit companies resident or resident in the VCEDA region and at least one new full-fledged temporary job in the information technology, manufacturing, energy or creative tourism sectors targeted by the authority.
The board also approved a $447,200 loan for a project in Tazewell County that will create new jobs. Belcher said an announcement for this project is pending. Further details were not released.
The board also approved seed capital grants for 23 new companies, which forecast the creation of 68 full-time and 87 part-time positions, as well as $1,199,038 in private investment. Belcher said 16 of the approved grants came from transfer requests from the spring seed round, which were allowed to apply for reconsideration due to a lack of seed money in the spring.
The approved grants were $10,000 each and included those for Hurley Remodeling & Custom Designs LLC; Mountain View Marina & Campground, LLC; Hammilltime Construction, LLC; Gorgeously Designed, LLC; Rock Bottom Horse Camp, LLC; B’s Wigs, Extensions and Beauty Supply LLC; Double Dreaming, LLC d/b/a retail junkies; Devils Fork Campground LLC; Boutique 276 LLC; Tazewell Test Center, LLC; Micah McDermott LLC d/b/a Just Melt It; The Charc Board LLC; Universal Fitness LLC d/b/a Absolute Fitness; Fourth Street Candy, LLC; The Cabin at Lonesome Pine, LLC; Chuckle Truck, LLC; Sykes Seamless Gutter LLC; RTW Music LLC d/b/a The Music School and Shop; Air Fiber Communications, Inc.; Kane St. Smokehouse LLC; Hall Logging, LLC; Bee Noodled, LLC; and Sugar Plum Tavern and Eatery LLC.
The Virginia Coalfield Economic Development Authority was established by the Virginia General Assembly in 1988 to strengthen and diversify the region’s economy. The Board has placed an emphasis on electronic information technology, energy, education, new technologies and entrepreneurship.
— Contact Charles Owens at [email protected]
Follow him @BDTOwens
— Contact Charles Owens at [email protected] Follow him @BDTOwens