Craft Brewery Adds to Wise County Town’s Renaissance
The Sugar Hill Brewing Co. on Broad Street in St. Paul, Va., is one of the area’s newest craft breweries and is one of five small businesses in the region selected to receive a $15,000 VCEDA Seed Capital Matching Grant approved by the VCEDA board at its June 15 meeting.
VCEDA Helps Companies Increase International Sales
Five companies in the VCEDA region are the first graduates of the two-year Go Global with Coal & Energy Technology (GGCET) program, a collaborative effort of the Governor’s Office, the Virginia Economic Development Partnership (VEDP) and VCEDA, and patterned after VEDP’s Virginia Leaders in Export Trade (VALET) program. The five VCEDA region companies collectively increased their international sales by $2 million representing a 47 percent increase in their two years (2015-2017) in the program. Graduate companies include AMR Pemco, The PBE Group, Simmons Equipment Co., Ceramic Technology and Consolidated Steel.
Three other VCEDA region companies are participating in their second year of the GGCET program (2016-2018). These include Paul’s Repair Shop, Inc. in Buchanan County; Norris Screen and Manufacturing, LLC in Tazewell County; and West River Conveyors and Machinery Co. in Buchanan County.
“VCEDA was honored to partner and provide resources for the Go Global with Coal and Energy Technology program to assist these businesses in developing and increasing their export sales,” said J. P. Richardson, Chairman of the VCEDA board.
VCEDA Closes Loan on Senior Services Facility
VCEDA closed a loan of up to $250,000 to the Appalachian Agency for Senior Citizens (AASC) on July 19 to be used to finance building construction and costs for the development of an adult day care/multipurpose senior services facility in the Falls Mills area of Tazewell County.
VCEDA’s board of directors previously approved the loan amount for the new facility, utilizing funds from Tazewell County’s designated account.
AASC is a non-profit Virginia corporation serving the four-county area of Buchanan, Dickenson, Russell and Tazewell counties.
“We are pleased to be able to assist in this project,” said Jonathan Belcher, VCEDA executive director/general counsel. “It will provide options for care for elderly Southwest Virginia residents, while at the same time providing jobs for the staff who will be put in place to operate it and the programs it will offer.”
Initial projections call for the facility to provide employment for four full-time and 14 part-time employees within one year. Within five years, AASC projections call for employment to reach five full-time and 20 part-time employees. For news release, click here.