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Take A Look At What The Commission Has Accomplished Over The Last 20 Years In Our FY 19 Annual Report
The Tobacco Region Revitalization Commission is a 28-member body created by the 1999 General Assembly. Its mission is the promotion of economic growth and development in tobacco-dependent communities, using proceeds of the national tobacco settlement. To date, the Commission has awarded 2,215 grants totaling more than $1.1 billion across the tobacco region of the Commonwealth, and has provided $309 million in indemnification payments to tobacco growers and quota holders.
Latest News
1/21/20 Traditional Medicinals to Open Manufacturing Facility in Franklin County
56 NEW JOBS COMING TO FRANKLIN COUNTY
Traditional Medicinals to Open Manufacturing Facility
Richmond, VA – Governor Northam announced today that Traditional Medicinals will open a new manufacturing facility in Franklin County. The project is expected to create 56 new jobs and includes $29.7 million in capital investment. The Tobacco Region Revitalization Commission is assisting this project with a $245,000 Tobacco Region Opportunity Fund (TROF) grant as well as a $245,000 TROF loan.
Read More1/7/20 Tobacco Commission Meets In Richmond
TOBACCO REGION REVITALIZATION COMMISSION MEETS IN RICHMOND
Commission Approves 19 Funding Requests for Projects in Southern and Southwest Virginia
Richmond, VA – The Virginia Tobacco Region Revitalization Commission met on Tuesday, January 7th to give final approval for 19 funding requests. The approved requests total more than $3.7 million and will support projects across Southern and Southwest Virginia. The total funds awarded break down as follows: $1.9 million for AgriBusiness projects,
Read More12/19/19 Commission Co-Hosts Forum on Smart Communities Initiatives For Small Towns
TOBACCO COMMISSION ANNOUNCES $250K GRANT TO TOWN OF BIG STONE GAP FOR CO-WORKING SPACE TO ATTRACT NEW BUSINESSES
Commission Co-Hosts Forum on Smart Communities Initiatives For Small Towns
Big Stone Gap, VA – The Tobacco Region Revitalization Commission today highlighted a Southwest Economic Development program grant award of $250,263 to assist the Town of Big Stone Gap in adding entrepreneurial co-working space to the renovated Mutual Pharmacy property. The grant was originally awarded in October of this year.
Read More12/11/19 AeroFarms To Establish Vertical Grow Operation
92 NEW JOBS COMING TO DANVILLE-PITTSYLVANIA COUNTY
AeroFarms To Establish Vertical Grow Operation
Richmond, VA – Governor Ralph Northam announced today that AeroFarms will establish a vertical grow operation in Danville-Pittsylvania County. The grow facility will be constructed in Cane Creek Centre industrial park which is a joint project of Danville and Pittsylvania County. AeroFarms is expected to invest $42 million in the facility and create 92 new jobs once the facility is operational.
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