e-News Briefs

VCEDA Board Approves 32 Projects Loans and grants to assist in new projects and expansions of existing business in six far Southwest Virginia counties were approved by the Virginia Coalfield Economic Development Authority (VCEDA) during a meeting of the board June 17...

Governor Announces SunCoke Energy to Invest $50 Million in Buchanan County Operation Governor Ralph Northam announced May 24 that SunCoke Energy, Inc. (NYSE: SXC), the largest independent producer of high-quality coke for blast furnace steel production in the...

VCEDA Executive Director/General Counsel Jonathan Belcher, presents a ceremonial check for $400,000 to Melanie Protti-Lawrence, president of Lawrence Brothers, Inc., representing the loan made by VCEDA to Lawrence Brothers Inc. for the company’s latest expansion...

Members of the Medentum Team include, from left, (seated) Jessie Tiller, Dr. Vivek Shinde Patil and David Owens; and back (standing) Shawn Tiller, Grayson Martin, Nicholas Cox, Chris Owens and Dr. Starla Kiser. VCEDA Approves Funds for Medical Device Manufacturing...

  VCEDA Annual Report Highlights Jobs Created, Retained Projects Located in All Seven-Member Counties, City of Norton Despite the challenges to economic development presented during the national COVID-19 pandemic, the Virginia Coalfield Economic Development...

  The former Sykes building at Southern Gap in Buchanan County will be the home of the new Virginia Employment Commission Call Center, bringing with it both existing jobs and up to 110 new jobs when it opens this spring. 110 New Jobs Coming to Southern Gap with...

VCEDA Board Hears Year-End Report; Approves Loan, Grants While 2020 had many challenges, the Virginia Coalfield Economic Development Authority (VCEDA) noted that despite those obstacles, through new projects and expansions in Southwest Virginia’s e-Region announced...

VCEDA Executive Director/General Counsel Jonathan Belcher, displays the award received from the Appalachian Council for Innovation recognizing VCEDA for "Excellence in Government Response: COVID19." VCEDA Receives Appalachian Council for Innovation Award The Virginia...

New paddleboats which have been enjoyed by Breaks Park guests this summer were among the park purchases and improvements made through a recent VCEDA loan to the park funded through the Civil Penalties Fund earmarked specifically for park use. VCEDA Closes On Loan to...

 VCEDA Approves 14 New Grants Fourteen new grants were awarded and other project changes have been approved by the Virginia Coalfield Economic Development Authority. The board has also approved its business development plan for the coming fiscal year. The new grants...

$500,000 VCEDA Loan Closed for Tazewell County IDA to Benefit Clinch River Forest Products, Inc. Documents were signed in mid-May closing on a $500,000 loan from the Virginia Coalfield Economic Development Authority (VCEDA) to the Tazewell County Industrial...

VCEDA Approves COVID-19 Relief Loans Loan funding of up to $740,000 to help offset the negative economic impacts of the COVID-19 pandemic on local businesses in the coalfield region and at the Breaks Interstate Park was approved April 16 during a special called...

VCEDA Compiles List of COVID-19 Business Assistance Resource Links There are a number of resources available to employers and small business owners whose businesses and employees have been negatively impacted by the Coronavirus, or COVID-19. VCEDA has compiled a list...

50 New Projects, Expansions Highlight Most Active Year in VCEDA History Fifty new projects and expansions were announced in 2019, the highest number in the Virginia Coalfield Economic Development Authority’s 31-year history, the details of which are highlighted in the...

VCEDA Exhibits, Meets with IT Companies at ITEXPO VCEDA attended and exhibited at ITEXPO in Fort Lauderdale, Fla., in mid- February. While there, VCEDA manned an exhibit booth and met with a number of IT companies in pre-set appointments to promote the e-Region as a...

The Virginia Coalfield Economic Development Authority helped to bring 556 jobs through 42 new projects and seven expansions during 2019 -- the most active year in VCEDA's 31-year history. From top left, clockwise, a few of the projects which VCEDA helped to fund in...

VCEDA Executive Director/General Counsel Jonathan Belcher, left, presents a ceremonial check to Brooke Owens and Billy Owens, owner of Daisy’s Cabins LLC, representing the seed capital matching grant funding recently approved for the company.  Behind them, from left...

Paul’s Fan Company will be expanding its operations to the Constitutional Oaks Industrial Park shell building in Lee County, bringing with it 15 new jobs. On hand for the announcement, from left, were Greg Edwards, Lee County Economic Development Authority (EDA)...