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EDA acting as pass‑through for Blacksburg façade grants; four checks issued so far
Summary
Montgomery County EDA received $22,009.96 from the Town of Blacksburg to pass through façade grant reimbursements; the EDA has issued four checks and is awaiting the town’s submission of remaining funds and company details to close the program.
The Montgomery County Economic Development Authority reviewed a façade grant pass‑through from the Town of Blacksburg and reported that the EDA has received $22,009.96 to reimburse approved contractors.
Brenda (Speaker 7) told the board that Blacksburg received 30 applications and awarded 16 applicants; the town provided $22,009.96 to the EDA as a pass‑through, and the EDA has cut checks to four contractors identified by the town. Brenda said the EDA is waiting for Blacksburg to provide the remaining company information and any additional funds needed to finalize the reimbursements.
Board members discussed why the county EDA is serving as a pass‑through rather than the town disbursing funds directly. Speakers noted precedent in neighboring jurisdictions for EDAs handling small grants, but observed Montgomery County has not commonly used the EDA as a retail grant pass‑through. No board action was required; the item was an informational update.
Next steps: the EDA will issue further reimbursements as additional funds and company paperwork arrive from the Town of Blacksburg.
