$22M Site Development Grant Awarded to CCBC

Governor Glenn Youngkin Announces $90 Million in Grants to Develop Industrial 网站 Across Commonwealth  

维吉尼亚州 Business Ready 网站 Program helps attract new 业务es by increasing portfolio of competitive project-ready sites  

里士满, VA - Governor Glenn Youngkin today announced a total of $90 million in 维吉尼亚州 Business Ready 网站 Program (VBRSP) development grants for 21 sites across the Commonwealth. Administered by the 维吉尼亚州 Economic Development Partnership (VEDP), this discretionary program helps characterize and develop sites to enhance the Commonwealth’s infrastructure with more competitive project-ready sites, to attract new 业务 and accelerate expansion in 维吉尼亚州. The program’s goal is to identify, 评估, and improve the readiness of industrial sites with at least 100 contiguous, developable acres or 50 acres in the western part of the Commonwealth.

“The leading priority of the 维吉尼亚州 Business Ready 网站 Program is to increase our project-ready sites portfolio across the Commonwealth, and this unprecedented site development funding is an important step forward in strengthening 维吉尼亚州’s infrastructure,” said Governor Glenn Youngkin. “Prepared sites drive economic growth, and we have to move faster to attract new 业务es. We are hitting the accelerator to build a best-in-class 业务 environment so the Commonwealth can compete to win, and I have included the necessary additional funding for the VBRSP in my proposed budget.”

The program has two components: 1) Site characterization to 评估 and designate a site’s current level of development; and 2) Site development to further develop a pool of potential sites across the Commonwealth. Localities can apply for grants to assist with the costs associated with the initial 评估ment and the development required to increase a site’s current designation level.

“Speed to market is an increasingly crucial factor in site selection decisions for economic development projects, and we are making strategic infrastructure investments to ensure a robust portfolio of sites,” said Secretary of Commerce and Trade Caren Merrick. “These 维吉尼亚州 Business Ready 网站 Program grant awards will enhance 21 sites around the Commonwealth, helping to ensure that site demands across a wide spectrum of project parameters can be met and that all regions participate in 维吉尼亚州’s economic growth.”

“It is critical for 维吉尼亚州 to create a diverse portfolio of sites that are attractive to different industry sectors and meet varying location and infrastructure needs, and these grants are a major step in the right direction to help the Commonwealth catch up on site development,Jason El Koubi说, VEDP总裁兼首席执行官. “Additional funding for the 维吉尼亚州 Business Ready 网站 Program will allow VEDP to expand the program and invest in more sites, enhancing the Commonwealth’s infrastructure and accelerating economic development in 维吉尼亚州.”

The 维吉尼亚州 Business Ready 网站 Program was developed by a team of state, 区域, and local stakeholders including VEDP, 维吉尼亚州 Department of Environmental Quality, railroad representatives, 效用的代表, 土木工程师, 和其他政府, 业务, and industry representatives. Grants are considered on a competitive basis and made at the discretion of an investment committee composed of VEDP and Administration leaders.

Fiscal Year 2023 VBRSP award recipients include the following:

More information on the VBRSP is available 在这里.   
 

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