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Albemarle EDA approves matching funds for Venture Central food-and-beverage accelerator
Summary
The board approved a resolution to appropriate matching funds to support Venture Central’s proposed CPG accelerator. Presenters sought $25,000 per year for two years (total $50,000) and described expected participant revenue growth and job creation; the resolution passed on a roll-call vote.
Albemarle County’s Economic Development Authority voted to approve a resolution to appropriate local matching funds to support Venture Central’s proposed food-and-beverage consumer packaged-goods (CPG) accelerator.
Steph Lawrence, program director with Venture Central, described the accelerator as an eight-month program with one-on-one coaching, curated expert connections and an online resource hub. “What we are seeking is 25,000 a year, per year for 2 years, so 50,000…
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