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Wednesday, Apr 23rd

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IDA applying for $1.3 million grant

Halifax County Industrial Development Authority board members supported submission of a $1.3 million tobacco commission economic development application to continue rehabilitation of the former Daystrom Furniture facility now known as Green View Advanced Manufacturing Center.

Following a closed session Friday morning, authority board member Butch Blanks offered a motion to approve submission of the application that will require a $42,000 match from the authority and also seeks a $150,000 local match commitment from the Halifax County Board of Supervisors.

According to the resolution of support, this project will assist in providing ready space for advanced manufacturing and workforce training as well as space for commercialization of start-up industries and research and development projects and other general industry needs.

In addition to seeking matching funds, the application also seeks support services from the Southern Virginia Higher Education Center, the Riverstone Energy Center and the Halifax County Chamber of Commerce.

Authority representatives plan to be on the November agenda of the board of supervisors to make the request for matching funds that will not need to be allocated until after July 1, 2013.

In other action Friday morning, board members authorized Authority Executive DireLeonard and authority Chairman John Cannon to execute documents related to the sale of the Flex-Tech building to a current prospect.

Leonard said Friday he could divulge no additional details concerning the identity of the prospect or what type of business is involved.

Executive Director Leonard also was authorized to execute documents and payment of approximately $500 to allow Halifax County to become part of a foreign trade zone/alternate site framework managed by the New River Valley Alliance.

In other authority business Friday morning, the following actions were taken:

Authority board member Ted Bennett agreed to serve a second term leaving one vacancy on the board since Marcus Hargrave has completed his second consecutive four-year term and is ineligible to serve again;

Leonard requested board members offer suggestions for Hargrave’s replacement in time to be presented to the board of supervisors at the December meeting.

 Were informed parking lot improvements at Riverstone are 95 percent complete, should be finished by November and cost less than originally estimated;

 Learned that Dominion Power will run a power loop in Riverstone front circle before the end of the year, it has identified a single route with minimal environmental impacts and least costs to present to the United States Army Corps of Engineers and will install an upsized transformer to Riverstone which will increase reliability and meet the power demand there at no cost to the authority;

 Scheduled the installation of the Riverstone One reception desk and office upgrades for the week of Oct. 29;

 Were informed the executive director is reviewing all long-term debt to determine if restructuring could result in savings to the authority;

 Were told Robert Smith of Grand Springs will be a guest presenter at the board’s December meeting;

 Learned the executive director has created a prospect tracking report form now being used with all prospects looking to locate in the county; and

 Were informed the authority’s logo has been launched, and collaterals like business cards for authority board members are being produced and designed.