Board asks staff to draft regional facilities authority agreement
Supervisors authorized county staff to work with three towns and legal counsel to draft a Regional Industrial Facilities Authority (RIFA) participation agreement and governance documents to pursue regional site-development grants and projects; the motion carried by voice vote.
The full story
A presenter described a proposed Regional Industrial Facilities Authority (RIFA) intended to create a partnership between Smyth County and three towns to pursue site-development and infrastructure grants. The presenter explained the RIFA would create a mechanism to apply for grant funding and later designate specific properties or projects via participation agreements.
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