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Board agrees to pursue industrial revitalization application for local applicant; staff to use Locust as service provider
Summary
County to act as applicant for an Industrial Revitalization Fund application on behalf of a private developer; board signaled preference for using Locust (service provider) to administer if awarded and asked staff to return with formal documents.
Madison County supervisors signaled support on March 11 for moving forward with an Industrial Revitalization Fund (IRF) application on behalf of a private applicant seeking roughly $600,000 to support redevelopment in the Criglersville/Krogersville area.
County staff described the program, administered by the Virginia Department of Housing and Community Development (DHCD), as a tool that can be structured as a loan or a grant and requires a locality to be the…
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