Louisa County Receives Development Grant Over $11.5 Million
LOUISA, VIRGINIA – The Virginia Economic Development Partnership (VEDP) awarded Louisa County with a Virginia Business Ready Sites Program (VBRSP) development grant this week totaling $11,590,000 to advance the site readiness at the Shannon Hill Regional Business Park (SHRBP).
The VBRSP program is designed to attract new business to Virginia by improving the Commonwealth’s infrastructure with more competitive project-ready sites. Improving Louisa County’s chances of winning economic development projects, the site readiness at SHRBP will be upgraded to a Tier 4+ (5 tier scale), with Tier 4 sites defined as positioned so building construction can take place in 12-18 months or less. The grant award equals 42% of the total projected cost to extend water and sewer infrastructure from Ferncliff to serve the Shannon Hill Growth Area.
“Shannon Hill Regional Business Park’s close proximity to I-64 and Louisa’s low tax rates for manufacturing and distribution companies make the site a great fit for many businesses,” said Louisa County Board of Supervisors Chairman Duane Adams. “By reducing the timeline for construction to start, we can bring quality businesses to the area and add good jobs closer to home for our citizens.”
Development of the SHRBP is in line with the Louisa County 2040 Comprehensive Plan. The Comprehensive Plan, reflecting public input, outlines how Louisa County will control growth and retain its rural character by developing in its designated growth areas. Potential project impacts and possible mitigations, such as traffic or the desire to obscure views, will be considered upon a developer’s application to locate in Louisa.