Wythe, Martinsville and Henry, and Danville-Pittsylvania receive funding
- November 5, 2010
Wythe County, Martinsville and Henry County, and the Danville-Pittsylvania Regional Industrial Development Authority have received a total of $5 million to help attract major investments in the region.
The funding comes from Virginia’s first Major Employment and Investment (MEI) Project Site Planning Grant Fund program. The program assists localities with site planning and improvements to help attract projects that involve more than $250 million in capital investment and the creation of more than 400 new full-time jobs.
Wythe County will receive a $3 million site improvement grant. The funding will be used to continue development of Progress Park, a 1,210-acre industrial park located at the intersection of Interstates 81 and 77. Progress Park is home to PepsiCo’s Blue Ridge Gatorade Plant.
Martinsville and Henry County will receive a $1.5 million grant to enhance Commonwealth Crossing Business Centre, a planned 730-acre business park on U.S. 220 South at the Virginia-North Carolina border.
The Danville-Pittsylvania Regional IDA will receive a $500,000 planning grant, which will be used for the planning of Berry Hill Mega Park, which is currently under construction on 3,700 acres in southwestern Pittsylvania County. The grant can be used for conducting environmental and geotechnical reviews and on infrastructure.
Because initial funding for the grant program is being provided by the Virginia Tobacco Indemnification and Community Revitalization Commission, grant recipients are limited to communities located in the Tobacco Commission’s service area. The program will expand statewide if more funding is available in the future.