WINCHESTER — The Virginia Initiative for Growth & Opportunity (GO Virginia) Board awarded the Shenandoah Valley Partnership (SVP) $821,000 to improve six sites in GO Virginia Region 8 totaling 1,112 acres, according to a news release.
The work to be performed will include Phase I environmental reviews, wetlands surveys, Geotechnical Subsurface evaluation and characterization of each site for the Virginia Business Ready Sites Tier program, the release states.
The sites include: Northern Shenandoah Valley Industrial Park/Windcrest in Shenandoah County, Stephens Industrial Park in Warren County, Artillery/Carbaugh Sites in Frederick County, Innovation Village at Rockingham in Rockingham County, Shenandoah Valley Industrial Park South Campus in Rockingham County and Blue Mountain Site in Augusta County.
Four of the sites, totaling 446 acres, will be elevated to a Tier 4 and will receive a Virginia Business Ready Site certification, which means it is ready for new and expanding businesses. The remaining two will be elevated to a Tier 3 level.
“Receiving this GO Virginia grant is critical for improving the inventory of sites in the Shenandoah Valley region. It enhances our available product portfolio for business development and site selection,” Jay A. Langston, SVP executive director, states in the news release.
The sites proposed for the program are those that were identified in the region that have the greatest return on investment made possible by both the public and private sector investments and commitments to the market, according to the release.
Partners included Augusta, Frederick, Rockingham, Shenandoah and Warren counties. The total budget for the Site Enhancement Program is $1,916,359 and is expected to be completed in the first quarter of 2022.
“I am excited to see this transformative project get underway in the Shenandoah Valley. These six sites are our highest priority for private sector investment, and I’m glad the State supported the GO Virginia Region 8 Council in recognizing the significant collaboration throughout the Valley, including those outside of the SVP footprint,” Chris Kyle, SVP chair and Region 8 chair, states the release.
GO Virginia is an economic development initiative to foster private-sector growth and job creation through state incentives for regional collaboration by business, education and government. Region 8 consists of the cities of Buena Vista, Harrisonburg, Lexington, Staunton, Waynesboro, Winchester; and the counties of Augusta, Bath, Clarke, Frederick, Highland, Page, Rockbridge, Rockingham, Shenandoah and Warren.