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 2,102 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.
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7/30/18 Press Glass To Locate In Commonwealth Crossing Industrial Park
212 NEW JOBS COMING TO HENRY COUNTY
Press Glass to Locate In Commonwealth Crossing Industrial Park
Richmond, VA – Governor Ralph Northam announced today that Press Glass has chosen Commonwealth Crossing Industrial Park as the location for their new manufacturing operation. Press Glass plans to invest $43.55 million in a 280,000 square foot facility. The project is expected to create 212 new jobs. The Tobacco Region Revitalization Commission is assisting this project with an $835,000 Tobacco Region Opportunity Fund Grant.
Read More7/20/18 Speyside Bourbon Cooperage To Establish Operations In Smyth, Washington Counties
160 NEW JOBS COMING TO SMYTH AND WASHINGTON COUNTIES
Speyside Bourbon Cooperage to Establish New Operation
Richmond, VA – Governor Ralph Northam announced today that Speyside Bourbon Cooperage, Inc. will establish a bourbon barrel cooperage in Smyth County and a stave mill facility in Washington County. The Company plans to invest $26 million to establish the cooperage and a further $9 million in the stave mill. The project is expected to create 125 new jobs in Smyth County and 35 new jobs in Washington County.
Read More7/6/18 Mountain Top Timber Products Expanding In Scott County
50 NEW JOBS COMING TO SCOTT COUNTY
Mountain Top Timber Products Set To Expand
Scott County- Governor Ralph Northam announced today that Mountain Top Timber Products will invest $3.759 million to expand their operation into the Town of Dungannon. The project is expected to create 50 new jobs and create a new market for Virginia timber. The Tobacco Region Revitalization Commission supported this expansion with a $125,000 Tobacco Region Opportunity Fund (TROF) grant and a $125,000 TROF loan.
Read More6/8/18 Wildwood Park Secures First Business
Wildwood Park Secures First Business
S&S Transporters Set To Expand
Hillsville, VA- S&S Transporters (S&S) will be the first company to locate their business at Wildwood Commerce Park in Carroll County. The new facility will serve as both their headquarters and operations center. The Tobacco Region Revitalization Commission supported this project with a $125,000 Tobacco Region Opportunity Fund (TROF) Grant as well as a $125,000 TROF loan. The Commission has also supported the development of Wildwood Commerce Park with grants totaling more than $14.6 million.
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