Three Regional Sites to Receive Grant Funding for Site-Ready Development

There are big things on the horizon for the Roanoke Region. On Monday, Governor Youngkin announced additional grant funds for 21 business sites across the Commonwealth, three of which are here in the Roanoke Region.

The state announced $90 million in Virginia Business Ready Sites Program (VBRSP) grants to develop industrial sites throughout Virginia, $3.88 million of which going to sites represented by the Roanoke Regional Partnership. The selected properties include Alleghany Regional Commerce Center in Alleghany County, Wood Haven Technology Park in Roanoke County, and the Roanoke Centre for Industry and Technology in the City of Roanoke. Below is a breakdown of exact dollar amounts awarded.

  • Alleghany Regional Commerce Center: $3,290,00
  • Wood Haven Technology Park: $504,149
  • Roanoke Centre for Industry and Technology: $85,000

The Roanoke Regional Partnership supported these applications which will improve regional site readiness throughout the region, thus, preparing sites to attract new business and make our region (and state) more competitive in the economic development landscape. The grant program sent representatives from the Virginia Economic Development Partnership (VEDP) and professional site consultants to assess the potential of industrial sites which must contain a minimum of 100 contiguous, developable acres. 

Partnership leadership recognizes the importance of real estate development in competing for new investment and expansion. Proof of that is Thrive 2027, the Partnership’s strategic plan, where a priority area is to support governments and developers in their efforts to develop real estate.

View the state’s press release with exact dollar values awarded and get details about the Virginia Business Ready Sites Program (VBRSP).