Dickenson IDA gets $1.1M loan to purchase former mill site
433-acre property is adjacent to Red Onion industrial land
The Dickenson County Industrial Development Authority received a loan of up to $1.175 million from the Virginia Coalfield Economic Development Authority to purchase the former Mountain Forest Products mill site, a 433-acre property in Dickenson and Wise counties, for future economic development.
The site, which is adjacent to the IDA’s Red Onion industrial site, also includes three steel-frame buildings that total 30,063 square feet, according to a news release last week from VCEDA.
“The IDA saw a noticeable and worrisome need for high-quality industrial sites that could be made ready for immediate development,” Dickenson County IDA Chairman Larry Yates said in a statement. “Recently steps have been taken to ensure the needed infrastructure, electrical, water, sewer and broadband would be extended to those areas.”
The chairman of Dickenson’s Board of Supervisors, Josh Evans, said in a statement that the county plans to use the property to “aggressively recruit high-paying employers to locate here. We are committed to bringing jobs to Dickenson County.”