TOBACCO REGION REVITALIZATION COMMISSION MEETS IN FLOYD
Commission Approves 19 Funding Requests for Projects in Southern and Southwest Virginia
Richmond, VA – The Virginia Tobacco Region Revitalization Commission met on Wednesday, September 19th to give final approval for 19 funding requests. The 19 requests total more than $13.7 million and will support projects across Southern and Southwest Virginia. The total funds to be disbursed break down as follows: $3 million for regional economic development, $1.85 million for economic development in Southside and $1.33 million for projects related to healthcare access. Additionally, the Commission approved a $3.62 million in Tobacco Region Opportunity Fund (TROF) grants and $3.93 million in TROF loans as well as authorizing various extensions for existing projects. The individual requests approved ranged in size from $50,000 to $1 million.
The Commission also approved $5 million in funds for an upcoming second round of broadband expansion grants to be awarded in 2019. Details regarding this latest round of funding will be forthcoming.
Tobacco Commission Chairman, Delegate Terry Kilgore said, “The projects approved here today will bring much needed jobs and investment to Southern and Southwest Virginia. I am proud of the work we did here in Floyd and look forward to seeing each of these projects get underway in the coming months.”
Tobacco Commission Executive Director, Evan Feinman added, “The diverse array of projects approved by the Commission today, covering everything from healthcare access to broadband expansion, shows that the Commission is committed to creating jobs and opportunity for Southern and Southwest Virginia in innovative ways. I thank the Commission for approving these worthwhile projects and wish the successful applicants the best as their projects move forward. I’d also like to thank Floyd County for their hospitality and assistance in making these meetings a success.”
The Tobacco Commission is committed to developing a diverse economy in Southern and Southwest Virginia. The funding requests approved over the two day meeting will continue to move the region toward that goal.
Contact: Jordan Butler
FOR IMMEDIATE RELEASE