Floyd County Receives $2.7 Million for Economic Development

Floyd County, VA – Cardinal News recently reported that Floyd County was awarded a $2.7 million grant from the U.S. Economic Development Administration (EDA) to develop infrastructure to support the growth of their Floyd Regional Commerce Center.

According to the EDA press release, Secretary of Commerce Gina Raimondo said that the grant “will help ensure that Floyd County, Virginia has the resources necessary to create modern and sustainable infrastructure that will support local business, create good-paying jobs, and transform the local economy.”

Cardinal News stated that the grant will be used to continue to develop the 170-acre Floyd Regional Commerce Center. Only 6.4 acres are currently graded with access to roads and utilities. The funds will be used to help extend the road and utilities to the undeveloped sections of the Center. Because of the nature of the terrain, the area will eventually yield 27 buildable acres.

This grant will be matched by $680,000 in local funds.

Read the Cardinal News article here.

Read the EDA press release here.

Discover available sites and buildings in the New River Valley here.

###Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.