For Immediate Release: November 1, 2016
Contacts: Office of the Governor: Brian Coy, Brian.Coy@governor.virginia.gov | Virginia Economic Development Partnership: Suzanne Clark, (804) 545-5806, Sclark@yesvirginia.org

Governor McAuliffe Announces First Virginia Business Ready Sites Program Award Recipients

~Twenty-eight grants awarded to assist with industrial or commercial site assessment; four sites designated business ready~

 

RICHMOND – Governor Terry McAuliffe today announced the first round of Virginia Business Ready Sites Program (VBRSP) grants to 28 projects across the Commonwealth. The VBRSP, administered by the Virginia Economic Development Partnership (VEDP), is a discretionary program established to help Virginia localities develop and market their existing industrial or commercial sites to prospective businesses, thus enhancing the Commonwealth’s infrastructure and promoting its competitive business environment.

“I am confident that the Virginia Business Ready Sites Program will be a powerful economic development tool to identify marketable sites for prospective businesses,” said Governor McAuliffe. “Every locality that requested funding and met the required guidelines will receive it, which is a huge testament to the motivation and commitment of Virginia’s communities and our partnership to ensure that the Commonwealth remains competitive in the global arena. These grants will be used to identify and assess large sites so they can be marketed for industrial or commercial purposes, thus increasing Virginia’s inventory. This new program goes hand-in-hand with our efforts to diversify and build a new Virginia economy, and I congratulate the award recipients and the four business ready sites.”

More than 20 Virginia localities were approved for more than $96,000 in funding to assess their industrial or commercial sites and receive a Site Characterization Tier Level. Four Virginia sites have been designated as business ready sites and 28 grants will be awarded during Phase I of the program. Tier 4 designations include: Commonwealth Crossing Business Centre in Henry County, New River Valley Commerce Park in Pulaski County, and Wildwood Commerce Park in Carroll County. The CenterPoint Intermodal Center in Suffolk is the first recognized site with Tier 4 and Tier 5 certifications, meaning all critical infrastructure components are in place.

Through this public-private partnership program, localities can apply for funding to identify marketable properties greater than 100 contiguous acres. Acreage readiness is ranked from Tier 1 to Tier 5, as outlined below. 

  • Tier 1: The site is not zoned and minimal or no due diligence has been performed;
  • Tier 2: Owners have agreed to a competitive sale price and the comprehensive plan reflects that the site is intended for industrial or commercial development;
  • Tier 3: Sites are zoned for commercial and industrial use, due diligence has been completed and the estimated costs of development have been quantified;
  • Tier 4: All infrastructure is in place or will be deliverable within one year and all permit issues have been identified or quantified; and,
  • Tier 5: All permits are in place and the site is ready for a disturbance permit.

“The Virginia Business Ready Sites Program provides an important avenue for localities to assess, better develop, and then market their large acreage sites for economic and job creation opportunities,” said Secretary of Commerce and Trade Todd Haymore. “With awards being made from Tazewell County to the City of Chesapeake, it is exciting to see most all regions of Virginia benefit from this new program.”

Applicants awarded can use the funds for retaining or reimbursement of a site development professional for site characterization. The VBRSP committee is comprised of state, regional, and local stakeholders, including VEDP, the Virginia Department of Environmental Quality, railroad representatives, utility representatives, civil engineers and other government, business and industry representatives.

Phase II of the Virginia Business Ready Sites Program will provide funds for site development. Applications for the site development grants will be accepted in 2017.

The Phase I award recipients includes the following: 

Grantee

Locality

Site Name

Funding Request

Appomattox County Economic Development Authority

 

Appomattox County

Appomattox Center for Business & Commerce, Lot 13

$4,450

Town of Ashland

 

Ashland

Holland/Axelle Site

$5,000

Augusta County

 

Augusta County

Blue Mountain Properties

$5,000

Bedford County

 

 

Bedford County

New London Business & Technology Center

$5,000

Botetourt County

Botetourt County

Botetourt Center at Greenfield

$5,000

 

Chesapeake Economic Development Authority

 

City of Chesapeake

Frank Williams Farm

$5,000

Dinwiddie County

 

 

Dinwiddie County

Boydton Plank Road – Portion of Virginia Motorsports Park

$5,000

Franklin County

 

Franklin County

Southway Business Park

$5,000

Fredericksburg Regional Alliance

 

Spotsylvania and Caroline Counties

Orrock-Simms Assemblage

$5,000

Henrico County Economic Development Authority

 

Henrico County

White Oak 5/6

$581

Henrico County Economic Development Authority County

 

Henrico County

White Oak 7

$534.50

Henrico County Economic Development Authority County

 

Henrico County

White Oak 8

$683.50

Henrico County Economic Development Authority

 

Henrico County

White Oak 10/11/12

$597.50

Isle of Wight County Economic Development Authority

 

Isle of Wight

Shirley T. Holland Intermodal Park, Phase III

$2,025

New Kent County Economic Development Authority

 

New Kent County

Kinney Tract 2

$5,000

New Kent County Economic Development Authority

 

New Kent County

New Kent City Center

$5,000

Orange County

 

Orange County

King Property

$2,065.25

Danville-Pittsylvania Regional Industrial Facility Authority

 

Pittsylvania County

Berry Hill

$1,400

Pittsylvania County

 

 

 

Pittsylvania County

Southern Virginia Multi-Model Park – Former Burlington Hurt Industrial Site

$5,000

Rockingham County

 

 

Rockingham County

Innovation Village @ Rockingham (IV@R)

$4,000

Shenandoah County, Town of Mount Jackson

 

Shenandoah County

Turkey Knob Road

$5,000

Southampton County

 

 

Southampton County

Camp Parkway Commerce Center

$4,800

Spotsylvania County

 

 

Spotsylvania County

Gilman Tract East

$2,376.50

Spotsylvania County

 

 

Spotsylvania County

Gilman Tract West

$3,575

City of Staunton Economic Development Authority

 

Staunton

Staunton Crossing

$5,000

Town of Bluefield

 

 

Town of Bluefield

Leatherwood Site

$1,187.50

Joint Industrial Development Authority of Wythe County

 

Wythe County

Progress Park

$630

York County Economic Development Authority, James City County Economic Development Authority

 

York County and James City County

Pottery Property

$2,500

 

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