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Authority approves multiple EDIP awards, Atlantic Avenue grants and incubator subleases
Summary
At its April 14 meeting the Virginia Beach Development Authority approved two EDIP part A awards (OneSpace Architects, PT2Go), authorized four Atlantic Avenue façade grants totaling $77,833, and approved two international incubator subleases, including Luna's Light; one member abstained on a sublease vote due to a disclosed firm relationship.
The Virginia Beach Development Authority approved a series of economic-development measures at its April 14 meeting, including two EDIP part A awards, four Atlantic Avenue façade grants and two subleases for the Virginia Beach International Incubator.
Howie, the authority’s finance presenter, confirmed that the authority’s EDIP appropriation stands at $11,857,209 and that recent grant closures increased availability for future awards. During the meeting the board approved an EDIP part A award for OneSpace Architects and an EDIP part A award for PT2Go after staff presented project investment and…
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