jump to example.com
newsletter linked in

McDonnell announces $2 million in Industrial Revitalization Fund grants

Gov. Bob McDonnell announced more than $2 million in Industrial Revitalization Fund (IRF) grants for five projects in Virginia. The IRF program provides gap financing for construction projects aligned with local and regional economic development strategies, primarily in distressed communities.

bob-mcdonnell“This program focuses on bringing derelict structures back to life,” said Governor McDonnell.  “By revitalizing vacant structures, we are encouraging economic growth in communities that want new investments and creating new vitality for vacant buildings.”

Projects were reviewed and evaluated competitively, with an emphasis on those with a high level of blight, identification of impediments to economic development efforts, alignment with regional or local strategies, availability of matching resources, level of community distress where the property is located and an identified and feasible end use.

The maximum award was $600,000 per project. Seventeen applications totaling nearly $7.4 million in requests were received by the Department of Housing and Community Development (DHCD). The funds are intended to leverage local and private resources to achieve market-driven redevelopment of these derelict structures, creating catalysts for long-term employment opportunities and on-going physical and economic revitalization.

2014 IRF Grant Awards:

Applicant

Proposal Name

Award Offer

City of Martinsville

Henry Hotel Redevelopment Project

$600,000

City of Hopewell

238 E. Broadway Rehabilitation Project

$387,900

Wise County Industrial Development Authority

Wise Inn Redevelopment Project

$200,000

St. Paul Industrial Development Authority

Willis Building Rehabilitation Project

$600,000

Town of Clifton Forge

Masonic Theater Rehabilitation and Expansion Project

$250,000

 
Top Stories
a

Waynesboro elections: Anderson, Short, Allen, Laurenzo roll to victories

Elzena Anderson won election to the Ward A seat on City Council in Tuesday’s city elections, defeating retired businessman Sonny Smith.

Waynesboro Players present The Music Man

The Waynesboro Players are opening The Music Man on Thursday night at 7:30 p.m. at Waynesboro High School.

The Doo Wop Project Live at the Wayne Theatre

The Doo Wop Project Live is coming to the Historic Wayne Theatre/Ross Performing Arts Center in downtown Waynesboro.

WWE Payback: Styles, Reigns bring down the house

WWE is advertising that it is beginning a new era. The first installment of Roman Reigns vs. AJ Styles was a good launching pad.

Help Chris Graham raise money for TEAM AFSP in NYC Marathon

Augusta Free Press LLC President Chris Graham is running the 2016 TCS New York City Marathon this fall to raise money for Team AFSP.

May is Mental Health Awareness Month

Mental Health Month was started 67 years ago by Mental Health America to raise awareness about mental health conditions.

 
Discussion
 
Recent News

AFP Business

AFP: The Magazine

In 2015, Augusta Free Press brought back our print magazine under a new name, Augusta Free Press: The Magazine.
.
 

Advertise on AFP

Get information on AFP readership and advertising online with us.
.
 

AFP Classes

Augusta Free Press offers a series classes on website design, marketing strategy, social media, event planning and more.
.
 

AFP Web Design

Get your business online for as little as $1,299. We take care of all facets of web design – visual design, layout design and content development.
.
 

AFP Graphic Design

Whether you need a fresh business card design, rack card, ad, flyer or full magazine design, we can help with all your graphic-design needs.
.

AFP Marketing/PR

Augusta Free Press manages advertising campaigns for small- and medium-sized businesses across Virginia. You don’t need to hire a full-time marketing coordinator. Bring the experience of the Augusta Free Press team to work for you – for a fraction of the cost.
.
 

AFP Search Engine Optimization

The prettiest website in the world is like a tree falling in the forest with no one there to hear it. If your website hasn’t been search engine optimized, no one is going to see it or hear it – and it’s not going to work for you.

 

AFP Video/Audio

Web videos, TV and radio commercials, DVDs – Augusta Free Press LLC has you covered when it comes to video and audio production.
.
 

AFP Book Publishing

Augusta Free Press Publishing has produced books in-house and assisted more than 17 authors with book publishing and production services since 2003. Whether you need a cover, layout, or need help from start to finish, we are here to help!
.