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, $674,600 for economic development projects in Southwest Virginia, $570,000 for a Tobacco Region Opportunity Fund (TROF) project and $545,000 for Special Projects. Additionally the Commission authorized various extensions for existing projects. The individual requests approved ranged in size from $11,800 to $570,000.
Additionally, the Commission approved a $1 million allocation for a second round of the Loan Repayment Talent Attraction Program. The program’s successful first round saw 91 students accept awards that averaged $17,549 with a total award amount of $1,614,500 should all students meet all program requirements. For more information on the program please visit our website at www.revitalizeva.org.
The Commission also released its FY 2019 Annual Report which includes an in-depth look at what the Commission has accomplished over the last 20 years including the creation of over 21,000 jobs and more than $3.4 billion in private capital investment in Southern and Southwest Virginia. The report can be found on our website HERE.
Tobacco Commission Chairman, Delegate Terry Kilgore said, “As we look back on 20 years of serving the citizens of Southern and Southwest Virginia we can be proud of what the Commission has accomplished. The grants awarded today will continue our successful efforts to bring jobs and investment to the regions we serve.”
Tobacco Commission Executive Director, Evan Feinman added, “Turning the page on the Commission’s 20 year history, we are excited to look forward to new opportunities and economic success for the regions we serve.”
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