RCIDA-Admin – Page 2 – Russell County IDA

25

May

posted on 05/25/2018 / 0 Comments

U.S. Department of Treasury approved all nominated Virginia Opportunity Zones RICHMOND—Governor Northam today announced that the U.S. Department of Treasury has officially designated 212 Virginia Qualified Opportunity Zones. Governor Northam submitted 212 nominations in April, which represented the maximum number of zones the Governor was able to nominate under the new federal tax tool that targets low-income census tracts. “I am pleased that all of the 212 nominated Opportunity Zones have been accepted,” said Governor Northam. “We focused on local, regional, and state priorities, as well as Virginia’s diverse geography and economic opportunities, to strategically select a balance of zones that align …

09

Nov

posted on 11/09/2017 / 0 Comments

Do you want to turn your love for the outdoors into a business? Attend this free workshop on November 28 from 9:00 AM to 12:00 PM that will outline the opportunities, best practices, and steps required to launch a successful adventure tourism business. Learn tips from existing business owners and professionals on what it takes to launch a successful business. See all the outdoor recreation Russell County has to offer!

13

Oct

posted on 10/13/2017 / 0 Comments

Everyone is invited to the Open House on Friday, November 3rd from 11AM to 2PM for JM Conveyors.

27

Jul

posted on 07/27/2017 / 0 Comments

RICHMOND – Governor Terry McAuliffe today announced that JennChem, LLC, a manufacturer of chemical roof support and sealing products and an affiliate of the JENNMAR family of companies, will invest $5 million to establish a manufacturing operation for heavy duty conveyor systems in Russell County. The conveyor system structures will primarily be used for the mining industry, in addition to the automotive, aviation, construction, electronics, and transportation industries. JENNMAR companies also operate Virginia facilities in Giles County and Tazewell County. Virginia successfully competed against Pennsylvania and West Virginia for the project, which will create 40 new jobs. “Growing the advanced manufacturing industry …

04

Nov

posted on 11/04/2015 / 0 Comments

The Town of Lebanon, which is the county seat for Russell County (Va.), received state funding during 2015 to begin revitalizing its downtown. The following was adapted from an article published in The Lebanon News, a weekly newspaper in our county. LEBANON, Va. – During a special meeting of the Lebanon Town Council on October 29, 2015, the council voted to proceed with improvements to crosswalks, sidewalks and street lighting in the original section of town. The Town of Lebanon, which is the county seat for Russell County (Va.), received state funding during 2015 to begin revitalizing its downtown. The following was …

17

Jul

posted on 07/17/2015 / 0 Comments

During 2014, the Virginia Coalfield Economic Development Authority provided the Industrial Development Authority of Russell County Virginia with a $1.5 million loan to construct a “shell building” in the county’s Cumber-land Plateau Regional Industrial Park. The news account below is about the ribbon-cutting ceremony held the following year for the completed project. The content has been adapted from an article by Heather Powers, published in The Lebanon News. LEBANON, Va. – Virginia Governor Terry McAuliffe participated in a ribbon cutting on July 17, 2015, celebrating the completed construction on a new shell building, located in the Cumberland Plateau Regional Industrial Park …

17

Jul

posted on 07/17/2015 / 0 Comments

3B Consulting Services, LLC, a consulting and engineering company that has served Southwest Virginia since 2012, announced at a news conference held July 17, 2015, that it plans to invest $2.5 million to es-tablish its headquarters in Russell County. Virginia Governor Terry McAuliffe and several other dignitar-ies were on hand to celebrate the project’s groundbreaking. To learn more about 3B Consulting, visit www.3bcs.com. The company plans to invest $2.5 million and add 15 new jobs. LEBANON, Va. – Governor Terry McAuliffe announced Friday, July 17, 2015, that 3B Consulting Services, LLC, a consulting and engineering service firm involved in environmental and construction …

27

May

posted on 05/27/2015 / 0 Comments

An official ribbon cutting for the opening of a Holiday Inn Express and Suites was held on May 27, 2015, in Lebanon, Virginia. The project was possible through major funding from the Virginia Coalfield Economic Development Authority (VCEDA), the Virginia Small Business Financing Authority and Cumberland Plateau Planning District Commission. The content below was adapted from an article by Heather Powers from The Lebanon News, a weekly newspaper in our county. LEBANON, Va. – An official ribbon cutting was held for Holiday Inn Express and Suites in Lebanon, Virginia, on Wednesday, May 27, 2015. The project was a collaborative effort between many …

27

Aug

posted on 08/27/2014 / 0 Comments

ST. PAUL, Va. (Aug. 22, 2014) — In a bright red caboose in this small town, Terri Anne Funk rents out kayaks, canoes and inner tubes so people can enjoy something she’s loved for a while — the Clinch River. Flowing for 135 miles in Virginia before spilling into Tennessee, the Clinch is one of the most biodiverse hotspots, said Brad Kreps, Clinch Valley program director at The Nature Conservancy. And it has recently become a driver for tourism in the region, with businesses like Funk’s and concerted efforts from a local organization, the Clinch River Valley Initiative. “We’ve always known …

25

Aug

posted on 08/25/2014 / 0 Comments

The Challenges Creating jobs, increasing U.S. competitiveness, and protecting national security Among the challenges facing government leaders today are creating jobs, increasing the competitiveness of the American workforce, and protecting the security of our nation. The worst recession since the 1930s has resulted in extensive commercial layoffs and the steepest declines in state tax receipts on record, threatening hundreds of thousands of public sector jobs. Rural U.S. communities in particular are struggling with continuing job losses in the agricultural, manufacturing, mining, and automotive industries. The challenge for many rural areas is transforming from a commodity-based economy to one that is knowledge driven. That means …