Floyd County, VA– U.S. Senators Mark R. Warner and Tim Kaine announced $971,639 in federal funding from the Appalachian Regional Commission (ARC) awarded to the Economic Development Authority of Floyd County to develop the Floyd Regional Commerce Center.
The funds will be used to construct an access road, an industrial cul-de-sac, and a pedestrian and bike path that will stimulate economic growth and support the creation of an estimated 130 new jobs in the region.
The press release sent from Senator Tim Kaine’s office garnered praise for Floyd County from both senators. “We’re pleased to see Floyd County receive this additional federal resource to finish construction of a new access road,” said the Senators. “This funding will create good-paying jobs and bolster economic development in the region.”
The funding is in addition to the more than $1 million in federal assistance that Senators Warner and Kaine announced in September 2017.
Here is more detailed information about the Floyd Regional Commerce Center:
- Floyd Regional Commerce Center is a 169-acre, publicly-owned industrial park located in Floyd, VA (Floyd County)
- Phase II is 51-acre site and can accommodate a 137,000 SF building
- Major utilities available to the site include water (8″ water line), waste water (8″ gravity feed line), electric (100 MW substation onsite), and broadband (redundant fiber with multi-gigabyte service)
- Floyd Regional Commerce Center is 20.3 miles from I-81 Exit 114 via VA Route 8
- Close proximity to colleges: Radford University (35 mins.), Virginia Tech (40 mins.), New River Community College (45 mins.)
- Total population within a 60-minute commute: 570,879 people
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.