Virginia Coalfield Economic Development Authority

VCEDA congratulates VFP on yet another expansion of its manufacturing operation in Scott County. VCEDA previously approved a $100,000 grant for workforce development to assist VFP with expansion which will be used on this project. The full governor's release on the project may be found at https://lnkd.in/eXB43Cjv #vceda #vfpinc #scottcounty #congratulations #expansion #economicdevelopment #workforcedevelopment

VCEDA was pleased to take part in the ribbon cutting with Gov. Glenn Youngkin Friday at the CNX Resources new regional headquarters office in Richlands, VA. We congratulate CNX Resources, Tazewell County and the Town of Richlands on the expansion of the company's Virginia regional headquarters to the Town of Richlands. VCEDA was pleased to work with the company, locality and state on the project, including a $900,000 loan approved by VCEDA to the Tazewell County Industrial Development Authority to assist with the real estate improvements. Having great companies like CNX in our region demonstrates why it is such a great place to do business and expand. To read the full governor's news release, visit: https://lnkd.in/eASSUxmc #vceda #cnxresources #governorofVirginia #GlennYoungkin #tazewellcounty #townofrichlands #ribboncutting #regionalheadquarters

We are pleased to share that Virginia has been named America’s Top State for Business in CNBC’s 2024 rankings! The annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness to determine which states are delivering most effectively on the things that mean the most to business. For the first time, CNBC weighted infrastructure — including availability of shovel-ready sites — as the most important component when deciding on investment, specifically citing the Virginia Business Ready Sites Program as a key factor. Even more notably, Virginia placed in the top half of all 10 categories considered in the rankings, finishing as the No. 1 state for education. Gov. Glenn Youngkin noted, “Economic development is a team sport and Virginia’s made giant strides in business-ready sites, workforce development, regulatory reduction, infrastructure investment and all-of-the-above power solutions. I am thrilled that our great Commonwealth has been named America’s Top State for Business.” Jason El Koubi, president and CEO of the Virginia Economic Development Partnership noted, "Being named America’s top state for business is a testament to the incredible progress being made throughout the Commonwealth. This recognition is years in the making and I am incredibly grateful to all of our state, regional, and local partners that contributed to this distinction." VCEDA is pleased to be one of those partners. #vceda #Virginia #numberone #vedp #economicdevelopment #topstatetodobusiness #topstate #businessready

VCEDA congratulates Simmons Equipment Company on its expansion project in Lebanon, VA, announced by the governor. VCEDA has approved a $187,500 workforce development and training grant a $500,000 loan to the Russell County IDA for facility improvements. https://lnkd.in/eFeXMy4N.

Starting the week off strong here in Virginia! Congratulations to our Talent Accelerator team for being named the No. 1 Customized Workforce Training program in the US by Business Facilities magazine—for the second year in a row! 🎉 This recognition highlights their dedication to excellence and innovation in preparing our workforce. Cheers to their continued success and impact! 🏆🚀 Virginia Economic Development Partnership

While exhibiting at 2024 SelectUSA in National Harbor, MD., it was an honor and privilege speaking with Virginia’s Secretary of Commerce and Trade, Caren Merrick. As always, she is a champion for Virginia and for Southwest Virginia. The Virginia Coalfield Economic Development Authority is pleased to call her our friend.

Grants totaling $840,000, including $10,000 each for nine seed capital projects in the region, were approved Thursday by the Virginia Coalfield Economic Development Authority (VCEDA) during a meeting of the board in Lebanon, VA. A resolution honoring VCEDA Funds Administrator Jean Jordan and recognizing her with gratitude for her 33 years of service to VCEDA was also approved. Jordan, who is the longest serving member of the VCEDA staff, will be retiring effective June 30. The board also recognized retiring board members Maggie Asbury, Becky Coleman, Rhonda Sluss and Larry Mosley for their service to the board and presented each of them with certificates of recognition. In other business, VCEDA Executive Director/General Counsel Jonathan Belcher gave board members an update on activity since the last meeting, noting that has primarily focused on processing of applications including seed capital applications, attendance at various outreach events and other marketing activities and assisting the Virginia Coalfields Expressway Authority. To read more: https://lnkd.in/eZzUcJfQ PHOTOS: Retiring VCEDA Board Members Larry Mosley, second from left; Maggie Asbury; Rhonda Sluss; and Becky Coleman were honored for their service to the board at Thursday’s meeting and each was presented with a certificate of recognition. They are pictured with VCEDA Executive Director/General Counsel Jonathan Belcher, left. VCEDA Funds Administrator Jean Jordan, left, is pictured with Board Members Tim Stuller, center and Roger Rife, right, earlier this year at a meeting of the VCEDA board. At Thursday’s meeting, a resolution recognizing Jordan with gratitude for her 33 years of service to VCEDA was approved. Jordan, who is the longest serving member of the VCEDA staff, will be retiring effective June 30. #vceda #meeting #economicdevelopment #resolution #honored #grants

Check out our ad in the June issue of Virginia Business Magazine! The ad features information about our Seed Capital Matching Grant program which through 2023 has provided 184 entrepreneurs with seed capital funding to assist them in growing their new businesses. Featured in the ad is Brad Deel, of Clintwood, a drone photographer and videographer, who was among the first recipients of a seed capital matching grant from the VCEDA program. He's gone on to grow his business which has been predominantly focused in the unique sports photography arena, to work with Netflix at the series premiere of the TV show Quarterback. He's also been featured by ESPN Bleacher Report and SportsCenter. He has continued to expand his business, offering mentorship programs and now travels all around the country teaching photography clinics. #vceda #seedcapitalmatchinggrant #success #braddeel #clintwoodva

Virginia Secretary of Commerce and Trade Caren Merrick and members of her staff were in Southwest Virginia Monday to meet with business and education leaders and to talk about economic development initiatives. The secretary and staff began the day at Southwest Virginia Community College and toured the welding lab at the Tazewell County Career and Technical Center. They also did a driving tour of the Bluestone Technology Park in Bluefield, before returning to Sen. Travis Hackworth's office in Richlands for a roundtable discussion on economic development and tourism.VCEDA Executive Director/General Counsel Jonathan Belcher and Abigail Wescott, with VEDP were among those in attendance. A tour of Consolidated Steel followed. In Buchanan County, the secretary received an update from Buchanan County Economic Development officials, meeting at Southern Gap Outdoor Adventure. They also toured Paul's Fans and ended the evening with dinner at Paul's Fans before going on an elk viewing tour to see Virginia's elk herd. The secretary will also be touring other Southwest Virginia counties this week and will be attending the SWVA Economic Forum Thursday in Wise. #vceda #secretaryofcommerceandtrade #economicdevelopment #tourism

VCEDA will be sponsoring and exhibiting at the Metallurgical Coal Producers Association (MCPA) 44th annual conference beginning Sunday in Roanoke, WV. More than 200 attendees have registered for the conference which concludes on Tuesday. Speakers include Glenn Davis, secretary of the Virginia Department of Energy; and Harold Ward, WV DEP Cabinet Secretary. Insights and perspectives fromthe MCPA, as well as industry leaders, including those from Coronado Global Resources, Alpha Metallurgical Resources, Blackhawk Mining, Metinvest-United Coal, RAMACO Resources, Dominion Energy, Norfolk Southern Corp., CSX Corp., Xcoal Resources and more will also be offered at business sessions on Monday and Tuesday. #vceda #mcpa #annualconference #speakers #metcoal #metcoalmakessteel