Governor Terry McAuliffe and U.S. Senator Mark Warner have announced the launch of the Virginia is for Entrepreneurs (VA4E) initiative. This initiative has been created in an effort to better match entrepreneurs with potential investors across regions, backgrounds and industries. V4E’s first initiative will feature an online application to better link entrepreneurs with investment firms and potential funders to help launch or grow their Virginia-based businesses. Read more from the Governor's full press release.
Find out more about the Virginia is for Entrepreneurs (VA4E) initiative.
In the second phase of the Virginia Business Ready Sites Program (VBRSP), Governor McAuliffe announced development grants for eight sites across the Commonwealth totaling $1,188,288 in grant funding. The VBRSP, administered by the Virginia Economic Development Partnership (VEDP), is a discretionary program established to help Virginia localities develop and market their existing industrial or commercial sites to prospective businesses, thus enhancing the Commonwealth’s infrastructure and promoting its competitive business environment.
Orange County was awarded $40,300, for the King Property Site, to assist with site assessment and development, including environmental assessments, wetland delineation, boundary survey, infrastructure design and development, and other costs associated with improving the site. The King Site is geographically located in the northeastern portion of Orange County, in what is the most populated area of the county, and referred to as the Germanna-Wilderness Area.
Governor Terry McAuliffe announced today that Lohmann Specialty Coatings LLC, a subsidiary of Lohmann Corporation and Subsidiaries, will invest $6.7 million to expand its manufacturing operation in Orange County. The company, which manufactures adhesive bonding materials for custom coating of adhesives, slit rolls, double-sided tapes, and precision die-cutting, will increase capacity to include fabricating and specialty converting, creating 56 new jobs. Virginia successfully competed against Kentucky and West Virginia for the project.