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IDA gives unanimous go‑ahead to seek EDA and Tobacco Commission grants for proposed development
Summary
Jordan Powers (Mount Rogers PDC) outlined a development project and funding plan, including EDA and Tobacco Commission requests; the IDA voted unanimously to proceed with grant applications and agreed the locality bears no repayment obligation if grants are not awarded.
Jordan Powers, representing the Mount Rogers Planning District Commission, presented a funding package for a new development and asked the Washington County IDA to proceed with grant applications. Powers said the Economic Development Administration (EDA) intends, "assuming we get funded," to cover 8% of the project (as described in his materials) and that a competitive Tobacco Commission request of about $350,000 would…
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