TOBACCO REGION REVITALIZATION COMMISSION HOLDS MAY MEETING
Commission Approves 17 Funding Requests
Richmond, VA – The Virginia Tobacco Region Revitalization Commission met electronically on Thursday, May 27th. The Commission acted on 17 funding requests including projects that will support Virginia’s livestock industry, improve the region’s ability to attract top employers by increasing the number of shovel ready sites available and expand broadband access.
Tobacco Commission Chairman, Edward Owens said, “As we start the process of recovering from what has been a challenging year, the efforts of the Tobacco Commission to stimulate economic growth and opportunity in Southern and Southwest Virginia will be more important than ever. I am proud of the work that the committees and the commission accomplished today. There is much work to be done but I am confident that as we continue to work with our local and regional partners we will positively impact those who live and work in rural Virginia.”
Tobacco Commission Executive Director, Evan Feinman added, “This meeting was a great example of how critically important the Commission is to supporting every aspect of economic growth and workforce development. Everything from cattle farming to tourism to workforce development projects are being supported by the Commission and they’ll all bring jobs and investment to Southern and Southwest Virginia. I am proud of the work we do and look forward to continuing to work with the Commission and our partners moving forward.”
The Commission gave final approval for 17 funding requests totaling $4,627,5037 in grants and loans. The total funds to be disbursed break down as follows: $2,587,628 for Southern Virginia projects and $2,039,875 for Southwest Virginia projects. The individual approved requests ranged in size from $9,000 to $880,643.
Additionally, the Commission approved offering as much as $31,989,000 in Tobacco Region Opportunity Fund (TROF) grants and loans to attract large projects to the region. Some of these projects are in competition for the same location.
The Commission also adopted a new budget for the upcoming fiscal year.
The Tobacco Region Revitalization Commission is committed to developing a diverse economy in the regions we serve. The projects approved at this meeting will continue to build on that effort and will help Southern and Southwest Virginia grow and prosper for decades to come.
FOR IMMEDIATE RELEASE
Contact: Jordan Butler