VCEDA closed a loan for up to $300,000 to the Scott County Economic Development Authority to be used to develop a new industrial site in Scott County. On hand for the ceremonial check presentation were, from left, John Kilgore, Scott County Economic Development Authority director; Jonathan Belcher, VCEDA executive director/general counsel; and Roger Fraysier, Scott County Economic Development Authority chairman.

VCEDA Closes Loan on Scott County Business Site

An up to $300,000 loan to the Scott County Economic Development Authority (EDA) to develop a new site in the southern end of the county was closed earlier this month by the Virginia Coalfield Economic Development Authority.

The funds will be used for site grading, site development, engineering and permitting fees needed to develop an approximately 10-acre site at the Riverside Development in Weber City, Scott County’s newest business/industrial park.

The Riverside development is located on an approximately 90-acre tract of land. One site at the park was taken for the TTEC call center project which opened a customer experience center in 2016, leaving the EDA with no graded sites to market at the park.

“VCEDA is pleased to be assisting Scott County with the development of a new industrial site which when complete, will give it a new location to market to business and industry,” said VCEDA Executive Director/General Counsel Jonathan Belcher. “The new site will also add to VCEDA’s inventory of business-ready sites in Southwest Virginia’s e-Region.”

Jonathan Belcher, VCEDA Executive Director/General Counsel

Read more about the VCEDA Loan to the Scott County EDA.

VCEDA Attends VEDA Spring Meeting

VCEDA Marketing Ambassador Mary Rae Carter represented VCEDA at the Virginia Economic Developers Association Spring Conference March 28-29 in Harrisonburg, VA. She is pictured here with Kelly Spraker, of the Virginia Economic Development Partnership. The conference focused on community branding; tips and tools for economic developers; and provided attendees with an update on the recently concluded General Assembly session.

VCEDA Markets at Data Center World Conference

VCEDA was an exhibitor at Data Center World in Phoenix, Ariz., March 19-22. While there, VCEDA also met with companies interested in learning about how Southwest Virginia’s e-Region can accommodate data centers and back office operations in our region. Pictured from left are VCEDA Marketing Coordinator Susan Copeland; Buchanan County Marketing Director Scotty Wampler; and Scott County Economic Development Director John Kilgore.

VCEDA Partners with VEDP at Manufacturing America Event

VCEDA participated as a partner with Virginia Economic Development Partnership and the Fredericksburg region in the Siemens and Electro-Matic Manufacturing America 2019 event in Detroit, Mich. More than 3,200 manufacturing executives, engineers and enthusiasts were in attendance at the event held earlier this week. VCEDA met with several companies while there, including those in the Troy, Sterling Heights, Lansing, Southfield and Livonia, Mich. area. Pictured is VCEDA Marketing Ambassador Charlotte Mullins, center, with Tom Scott and Jason Smith.

England Furniture Open House Marks Anniversary

VCEDA joined England Furniture President Terry England, current employees at the plant, Del. Terry Kilgore and other state and local officials for an open house, tour of the plant and luncheon in celebration of the company’s one-year anniversary of locating in Dryden, Va. VCEDA approved $515,000 in loans to the Lee County Industrial Development Authority to help renovate the Dryden building. England President Terry England told the group the company had invested more than $700,000 in machinery and repairs to the facility that currently has 64 employees.