SW Va business park gets $5.6M state grant
Published: November 20, 2009
Updated: November 20, 2009
A business park in Southwest Virginia is getting a $5.6 million grant from the state for improvements, including improving access roads and installing additional
utilities. The Southern Gap Regional Business Park is located on a former mountaintop removal mine site near Grundy.
The Virginia Coalfield Economic Development Authority awarded the grant Thursday to the Buchanan County Industrial Development Authority.
Susan Copeland with the authority says the business park has 1,100 acres available for development.
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Reader Reactions
They sold the coal for $150. per ton and now they get $5 Million to develop the site?
That’s what I call laughing all the way to the bank…
abdgranny, the “from the state” verbiage is inaccurate (lazy reporting by the “AP person”) ... as the blurb later notes, it’s a Virginia Coalfield Economic Development Authority (regional agency) grant.
I understand that improvements need to be made to attract new business, but exactly where is the state going to come up with 5.6 million dollars? The news just reported last night another 3 billion shortfall.
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