Richmond, VA – According to the state officials, the locations reportedly include the City of Danville Industrial Development Authority, the Town of Floyd, the City of Martinsville, Orange County, the Orange County Economic Development Authority, and the Town of Pound.
The VBAF provides either grants or loans to local governments to restore and redevelop brownfield sites and address environmental problems or obstacles to their reuse in an effort to effectively attract new economic development prospects.
Administered by the Virginia Resources Authority, the VBAF is a partnership between the Virginia Economic Development Partnership and the Department of Environmental Quality.
Gov. Youngkin released the following statement:
“Redeveloping brownfield sites is a critical step to enhance community infrastructure and effectively attract economic development, and the Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund is an important vehicle that helps localities across the Commonwealth meet this goal.
We are taking proactive steps to remediate properties and drive future economic growth and are proud to support rural development in the City of Danville, the Town of Floyd, the City of Martinsville, Orange County, and the Town of Pound with these grants.”
