Annual Report 2021: Virginia Coalfield Economic Development Authority
Summary
The 2021 Annual Report of the Virginia Coalfield Economic Development Authority (VCEDA), submitted with a chairman's letter from Larry Mosley to Governor Glenn Youngkin and the General Assembly. The letter states that Sixty new projects and expansions/retentions in all eight VCEDA localities were announced in 2021, involving 1,015 full-time and part-time new and retained jobs and more than $211 million in planned private investment. It states that in 2021 VCEDA approved loans and grants for more than $6.1 million in new funding, including the first approvals from the VCEDA Renewable Energy Fund. The report's sections include an independent auditor's report and a statement of cash receipts and disbursements.
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“Annual Report 2021: Virginia Coalfield Economic Development Authority.”
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ANNUAL
REPORT 2021
VIRGINIA COALFIELD ECONOMIC DEVELOPMENT AUTHORITY
Chairman’s
H A I R M A N Letter
’S LETTER
The Honorable Glenn Youngkin
Governor of Virginia
Patrick Henry Building, 3rd Floor
1111 East Broad Street
Richmond, Virginia 23219
Dear Governor Youngkin,
Larry Mosley
Chairman We are pleased to submit to you and the General Assembly the 2021 Annual Report of the
Virginia Coalfield Economic Development Authority (VCEDA).
Sixty new projects and expansions/retentions in all eight VCEDA localities were announced
in 2021, involving 1,015 full-time and 171 part-time new and retained jobs. These projects
plan more than $211 million in private investment in the region. New project announcements
included Italy-based Ceccato USA establishing its first U.S. manufacturing operation
in Russell County, Maine Five establishing a new apparel manufacturing operation in
Buchanan County, and EarthLink, LLC in Norton. Several of the region’s leading businesses,
Tempur Sealy, VFP, Inc., Lawrence Brothers, Inc., and Skyline Fabricating, Inc., were among
TABLE OF CONTENTS
the 14 expansion projects announced. Funding from VCEDA’s Seed Capital grant program
2 Chairman's Letter assisted regional entrepreneurs in creating 40 new small business start-ups in the region.
3 Executive Director’s Report
In 2021, VCEDA approved 64 loans and grants for more than $6.1 million in new VCEDA
4-5 2021 Projects & Expansions
funding. This involved the first funding approvals from the VCEDA Renewable Energy
6-17 2021 Project Highlights Fund for a solar talent accelerator initiative and workforce and development training in
18-29 2021 Seed Capital Highlights support of renewable and alternative energy.
30 Coalfields Expressway
VCEDA is committed to its mission and crucial role in helping to diversify the region’s
31 Renewable Energy Fund economy. We look forward to working with the Governor’s Office and the General Assembly
32-33 Marketing to help our region continue to diversify and grow.
34 2021 VCEDA Marketing Events
Sincerely,
35 Board of Directors
36-37 Loan & Grant Approvals
Larry Mosley
38-39 Independent Auditor's Report
39 VCEDA Statement of Cash Receipts
& Disbursements
VIRGINIA COALFIELD ECONOMIC DEVELOPMENT AUTHORITY
Mission of the Virginia Coalfield Economic Development Authority
The primary purpose of the Authority is to enhance the economic base for the seven county and
one city coalfield region of Virginia (Lee, Wise, Scott, Buchanan, Russell, Tazewell and Dickenson
Counties and the City of Norton). The Authority shall provide financial support for the purchase
of real estate, construction of buildings for sale or lease, installation of utilities, direct loans and
grants to private for-profit basic employers; may apply for matching funds from the state or federal
government, or the private sector; and any other support improvements it deems necessary.
Code of VA Title 15.2 Chapter 60, Section 15.2-6002
2
EXECUTIVE DIRECTOR’S REPORT
Despite the continued impacts of the COVID-19 pandemic, 2021 was a very active year for
the Virginia Coalfield Economic Development Authority (VCEDA) and the seven-county,
one-city region which VCEDA promotes as “Southwest Virginia’s e-Region.”
There were 46 new project announcements and 14 expansion/retention project
announcements, for a total of 60 projects announced during the year. With these 60
projects, 1,015 full-time jobs and 171 part-time jobs, including new and retained,
are projected. In addition, these projects plan more than $211 million in new private
investment in the region. Projects were announced in all eight localities in the region.
Jonathan Belcher
Executive Director/
New projects announced in the region include Maine Five, BEAST Company, and Edelen
General Counsel
Renewables in Buchanan County, Ceccato USA in Russell County, Rambler Wood
Products in Russell and Wise Counties, and EarthLink, LLC in Wise County and the
City of Norton. Expansions announced include the Virginia Employment Commission,
Issues & Answers Network, SunCoke Energy, and Skyline Fabricating, Inc. in Buchanan
County, the SRRA Sportman’s Complex in Dickenson County, Riverbound Trout Farms,
LLC in Russell County, Tempur Sealy and VFP, Inc. in Scott County, and Bruneaux Bait
and Lawrence Brothers, Inc. in Tazewell County.
The region is finding great success with entrepreneurship and small business development.
Notably, 40 of the new projects announced were new small businesses being assisted by
VCEDA’s Seed Capital Matching Fund, which provides up to $10,000 seed capital grants
in consort with services provided by the area’s Small Business Development Centers
(SBDCs). These 40 small businesses project 238 full-time and part-time jobs and nearly
$2 million in private investment.
Nearly all of the 60 projects announced during the year are benefitting from some type
of financial assistance approved by VCEDA. In 2021, VCEDA approved 64 loans and
grants, the highest quantity of loans and grants in its history, for more than $6.1 million in
new VCEDA funding. This funding continues to play a crucial role in the improvement
and diversification of the region’s economy. These 64 loans and grants involve projects
throughout the entire region. Included in these were the first funding approvals from
VCEDA’s new Renewable Energy Fund.
VCEDA also continues to maintain an aggressive business attraction program, an active
VCEDA staff includes, from left, Mitzi White, Office business expansion and retention (BRE) program, a tourism capital improvement fund,
Manager; Jean Jordan, Funds Administrator; Jonathan and continues to assist with the administration of the Virginia Coalfields Expressway
Belcher, Executive Director/General Counsel; Marketta Authority. VCEDA also made strategic investments in workforce development and
Horton, Economic Development Specialist; and Susan training and broadband deployment during the year.
Copeland, Marketing Coordinator.
3
2021 NEW PROJECTS
NEW PROJECTS LOCALITY JOBS PRIVATE INVESTMENT
Maine Five Buchanan 100 FT $350,000
BEAST Company Buchanan 15 FT $1,000,000
Edelen Renewables Buchanan 10 FT $100,000,000
Competitive Performance Buchanan 1 FT / 5 PT $10,000
Country Roads Cabin Rental LLC Buchanan 2 FT $58,500
Deskins HomeTown Pharmacy, Inc. Buchanan 5 FT / 3 PT $58,136
Hand in Hand, PLLC Buchanan 3 FT / 2 PT $9,000
Bass and Brass LLC Dickenson 1 FT $41,000
Levisa Adventures, LLC Dickenson 2 FT / 4 PT $7,000
Lilly’s Pad, LLC Dickenson 1 FT / 2 PT $33,250
Porter’s Lawncare, LLC Dickenson 1 FT / 2 PT $20,200
American Muscle Detailing, LLC Dickenson 2 FT / 3 PT $10,000
Appa Valley LLC d/b/a SoVa Gardens Lee 3 FT / 1 PT $33,000
Lee Driving School Lee 6 FT $53,272
Ceccato USA Russell 50 FT $1,750,000
Trendy Belle Salon LLC Russell 2 FT $11,642
Simona Corporation Russell 1 FT / 4 PT $20,000
Fitness Authority LLC Russell 4 FT / 2 PT $23,900
Southern Charm Décor LLC Russell 1 FT / 1 PT $11,815
The Weeping Willow Café & Tap House Inc. Russell 3 FT / 3 PT $25,000
Rambler Wood Products Russell/Wise 73 FT $21,800,000
Henrys Produce & Market LLC Scott 8 FT / 7 PT $10,000
Highland Monument Conservation LLC Scott 1 FT / 2 PT $10,000
ClearSight Eye Care, Amber Hurley, OD, PLLC Tazewell 5 FT $363,200
Pinkway Tazewell 1 FT / 2 PT $79,000
Craft Connection, LLC Tazewell 2 FT / 2 PT $22,000
Elite Fitness @ Richlands, LLC Tazewell 2 FT $65,750
Nancy’s Downtown Boutique Tazewell 2 FT / 2 PT $67,000
Southwest Virginia Energy Consultants, Inc. Tazewell 3 FT $25,000
Appalachian Adventures & Outfitters, Inc. Tazewell 2 FT / 3 PT $65,000
Arsenal Development LLC Tazewell 4 FT / 6 PT $10,000
LECOWATIPA LLC Tazewell 6 FT / 10 PT $38,000
Ole No. 3 Restaurant & Bar, LLC Tazewell 4 FT / 5 PT $70,000
Snuckle Butter, LLC Tazewell 3 FT / 6 PT $78,300
Big Stone Gap Pottery Shop LLC Wise 4 FT $10,000
FT = full-time; PT = part-time
4
2021 NEW PROJECTS
NEW PROJECTS LOCALITY JOBS PRIVATE INVESTMENT
Black Bear BBQ LLC Wise 8 FT / 6 PT $80,000
Hughes Enterprises LLC Wise 3 FT / 4 PT $10,000
OH Rentals LLC Wise 1 FT / 1 PT $153,500
Ruby Bea’s Boutique, LLC Wise 4 FT / 5 PT $20,000
Breads by Marla, LLC Wise 1 FT / 3 PT $27,500
The Coffee Station LLC Wise 3 FT / 2 PT $25,312
Engine 343 Wood Fired Brick Oven Pizza LLC Wise 3 FT / 3 PT $30,813
404 Café and Creamery, LLC Wise 2 FT / 8 PT $180,000
Huff Daddy BBQ LLC Wise 4 FT / 7 PT $42,500
Big Stone’s Gap Golf, Miniature Golf Course, LLC Wise 3 FT / 5 PT $51,500
Earthlink, LLC Wise/Norton 285 FT $5,400,000
TOTAL NEW PROJECTS (46) 650 FT / 121 PT $132,260,090
2021 EXPANSIONS/RETENTIONS
EXPANSIONS/RETENTIONS LOCALITY JOBS PRIVATE INVESTMENT
VEC Customer Support Center Buchanan 110 FT N/A
Issues & Answers Network Buchanan 40 PT N/A
SunCoke Energy Buchanan 100 FT* $50,000,000
Theatre Guild of Buchanan County Buchanan 2 FT / 4 PT $50,000
Skyline Fabricating, Inc. Buchanan 22 FT $675,000
SRRA Sportsman’s Complex Dickenson 2 FT / 1 PT N/A
Riverbound Trout Farms, LLC Russell 17 FT $888,626
Heart of Appalachia Destination Center Russell 1 FT / 1 PT N/A
Tempur Sealy Scott 25 FT $16,700,000
VFP, Inc. Scott 30 FT $7,200,000
Bruneaux Bait Tazewell 12 FT $100,000
Lawrence Brothers, Inc. Tazewell 40 FT $3,200,000
Historic Crab Orchard Museum Tazewell 3 FT / 3 PT $225,000
SRRA Coeburn STAR Center Wise 1 FT / 1 PT N/A
TOTAL EXPANSIONS (14) 365 FT / 50 PT* $79,038,626
TOTAL NEW PROJECTS &
1,015 FT / 171 PT* $211,298,716
EXPANSIONS/RETENTIONS (60)
FT = full-time; PT = part-time; * = includes 100 Retained Full-Time Jobs
5
HIGHLIGHTS
Ceccato USA Corporation / Russell County /
New Project
Italy-based Ceccato S.P.A. is locating its first United States subsidiary,
Ceccato USA Corporation, in the Russell Place building in Lebanon, bringing
with it up to 50 new jobs within three to five years. Ceccato is one of the
leading Italian manufacturers of washing systems and equipment for all
vehicles, from cars to trains, in more than 60 countries. In its new Lebanon
location, initially, the company will assemble and sell car wash units and
manufacture truck wash units, sourcing items needed to manufacture
those from U.S. companies. VCEDA approved an up to $900,000 loan to be
used by the Russell County Industrial Development Authority to acquire and
renovate the Russell Place building, one of several locations that VCEDA and
the Russell County IDA proposed to Ceccato USA during the company’s site
selection process.
Earthlink, LLC / Wise & Norton / $100,000 Grant
VCEDA approved an up to $100,000 grant from the VCEDA Coalfield Workforce
Development and Training Fund to assist EarthLink, LLC with its location
to the Wise/Norton area of the VCEDA region. In September, Governor Ralph
Northam announced that EarthLink, a leading high-speed internet service
provider, will invest $5.4 million to establish a major customer support
center on a site in the 200-acre Project Intersection development in Norton,
which will create 285 new jobs. The VCEDA board also approved a request
from the Wise County Industrial Development Authority (IDA) to consent to
the IDA’s leasing of a portion of the former Sykes Enterprises building which
VCEDA previously helped to fund, to EarthLink as a temporary facility while a
permanent facility is constructed in Norton.
Rambler Wood Products / Russell & Wise Counties /
$2.5 Million Loan
Governor Ralph Northam announced Rambler Wood Products will establish a
new value-added wood products manufacturing facility in the former Bush
Furniture Industries building in St. Paul, making an initial private investment
of $7.6 million and 73 new jobs. VCEDA approved a $2.5 million loan to the
Russell County Industrial Development Authority which was used to acquire
the facility for the project. The nearly 300,000-square-foot facility will enable
Rambler Wood Products to become the first business of its kind to operate
entirely indoors, allowing for full capacity production year-round. Rambler
will convert high-quality white oak into barrel staves, and use red oak and
lower value hardwoods to produce lumber for flooring manufacturers, pallet
production and for use in the mining industry, committing to source at least
55 percent of its timber from the Commonwealth.
6
Maine Five / Buchanan County / New Project
VCEDA introduced Maine Five to Buchanan County and also served as a
communications liaison for the company and county officials as discussions
resulted in a lease agreement for the use of the Council Industrial Park
building at Council, Va. Maine Five has located its new sewing factory at the
park, projecting up to 100 new jobs within five years including 12 new jobs
to start and an estimated $350,000 in private investment. Maine Five has
been in business since 2020 creating medical supplies, bags and field kits,
and employees at the Council location will expand its offerings into more
textile products, including nylon backpacks, uniforms and outdoor apparel.
The Council Industrial Park was one of the earliest industrial parks and
industrial buildings financed by VCEDA.
BEAST Company / Buchanan County / New Project
BEAST – Best Equipment and Sport Trailers - a new company focused on the
manufacture of custom aluminum sport and utility trailers, was launched in
2021 and will operate out of the Paul’s Fan Company location in Southern
Gap Park in Buchanan County. The BEAST brand was developed as part of the
2019 expansion of Paul’s Fan Company to Southern Gap in Buchanan County
and Lee County, Virginia in partnership with VCEDA and the Buchanan County
and Lee County industrial development authorities. In 2019, VCEDA approved
an up to $5.6 million loan to the Buchanan County IDA which brought Paul’s
Fan Company to Southern Gap with 40 new full-time jobs and the retention
of 42 jobs over a 10-year period. The BEAST Company manufacturing line of
aluminum trailers is projected to add 15 jobs.
Edelen Renewables / Buchanan County /
New Project
Virginia lawmakers Delegate Will Morefield and Senator Travis Hackworth
announced in April that a 700-acre solar farm that will create 250
construction jobs and generate 60 megawatts of electricity is planned for
development on a reclaimed surface mine operation near Hurley in Buchanan
County. Described as the second largest solar farm in the U.S. Appalachian
Mountain Range and the largest in Virginia’s coalfields, the planned site will
utilize approximately 700 acres and produce a minimum of 60 megawatts
with the capability of expanding up to 75 megawatts. The Buchanan County
Board of Supervisors voted unanimously to support a county application
for federal Abandoned Mine Land Pilot (AML) funds to assist the project on
behalf of Savion, LLC and Edelen Renewables, national leaders in renewable
energy development, who are developing the solar project.
7
HIGHLIGHTS
Virginia Employment Commission /
Buchanan County / Expansion
VCEDA was involved in the Virginia Employment Commission’s (VEC) initial
customer service call center location to Buchanan County 20 years ago.
Upon learning of their need for additional employees and capacity created
by the COVID-19 pandemic, Buchanan County and VCEDA reached out to
VEC and proposed an expansion of the center to a larger facility, the former
SYKES Enterprises building in the Southern Gap park. The Buchanan County
Industrial Development Authority (IDA) purchased the property from SYKES to
lease to the VEC for the expanded customer service call center. Up to 110 new
jobs are projected be added to the workforce of 100 employed at the existing
VEC call center at the Buchanan Information Park at Slate Creek.
Issues & Answers / Buchanan County / Expansion
Issues & Answers, one of Virginia’s largest market research polling
companies, and one of the first information technology businesses VCEDA
helped recruit to the region, announced an increase in its hourly rate and
plans to increase staff by an additional 40 employees at its Grundy Call
Center and its remote interviewers in Virginia. Forecasting an increase in
business because of the effects of the COVID-19 pandemic on large and
small businesses, the company said the wage rate reflects an increase of 10
percent over the current pay rate, and the higher rate puts Issues & Answers
in a leadership position in the market research telephone polling industry.
The Grundy location has been in operation since 1995.
SunCoke Energy / Buchanan County / Expansion
Governor Ralph Northam announced in May that SunCoke Energy, Inc. (NYSE:
SXC), the largest independent producer of high-quality coke for blast furnace
steel production in the Americas, will invest $50 million in its manufacturing
operation in Buchanan County to refurbish the facility as well as perform
upgrades to enable the production of foundry coke, which will retain
approximately 100 jobs. SunCoke has been operating the Jewell Coke plant for
more than 60 years. The Virginia Economic Development Partnership (VEDP)
worked with Buchanan County and VCEDA to secure the project for Virginia,
and Governor Northam approved a performance-based grant of $1.2 million
from the Virginia Investment Performance Grant (VIP), an incentive that
encourages continued capital investment by existing Virginia companies.
8
Skyline Fabricating, Inc. / Buchanan County /
$538,030 Loan
VCEDA approved a loan of up to $538,030 to the Buchanan County Industrial
Development Authority (IDA) to assist with the expansion of Skyline
Fabricating, Inc. to Southern Gap, bringing up to 22 new jobs. Skyline, a
turn-key fabrication shop that began operations in 2017 in Buchanan
County, is currently located in Raven, Virginia. The new location will include
the development of a 25,000 square foot steel building on a 7.5-acre site
near the new Southern Gap Transportation and Logistics Center (SGTLC).
The VCEDA funds to the IDA will be used toward site development, building
construction, access road construction, utilities installation, the purchase
and installation of overhead cranes and other improvements.
SRRA Sporstman’s Complex / Dickenson County /
$150,000 Grant
VCEDA approved an up to $150,000 grant to assist with the continued
development of the Southwest Regional Recreation Authority’s (SRRA)
Sportsman’s Complex in Dickenson County. The funds will be used to finance
site development, building construction and improvements, road, trail, picnic
area and parking area improvements, along with the design and engineering
to assist with the continued development of the SRRA Sportsman’s Complex.
In August 2019, SRRA was approved for a $149,945 grant from the VCEDA
Tourism Capital Improvement Matching Fund to assist with the development
of an archery complex in the Sportsman’s Complex. The additional $150,000
grant, which will come from the VCEDA Dickenson County Account, builds
upon the original grant, bringing VCEDA’s total commitment to the project
to up to $299,945.
Riverbound Trout Farms, LLC / Russell County /
$500,000 Loan
VCEDA approved a $500,000 loan in 2020 to assist in the expansion of
Riverbound Trout Farms, LLC as they move forward with plans to construct
and operate a new fish processing facility in Russell County. In addition to
the construction and operation of a new fish processing facility, a workforce
development and educational component is also part of the overall project.
The owner has had discussions with Southwest Virginia Community College
(SWCC) about the new facility being used as a teaching tool for students
enrolled in science and agriculture programs. Future plans include an on-
site educational center to offer classes in aquaculture and seminars and
non-credit courses in fish farm development and operation, and a laboratory.
Currently, the business has three full-time employees, and 17 new full-time
employees within five years are projected.
9
HIGHLIGHTS
Tempur Sealy International, Inc. / Scott County /
$100,000 Grant
Governor Ralph Northam announced in March that Tempur Sealy International,
Inc. (NYSE: TPX) will invest $16.7 million to expand its manufacturing
operation in Scott County. The company will increase production to meet
growing demand for its proprietary foam mattress and pillow products
which will create 25 new jobs. VCEDA approved a $100,000 grant to the
Scott County Economic Development Authority to be used for workforce
development and training needs to support the expansion. Governor Northam
approved a $110,000 grant from the Commonwealth’s Opportunity Fund to
assist Scott County with the project. Tempur Sealy employs more than 5,000
throughout the United States, with 300 employees at its Duffield facility,
which was established as the company’s first U.S. manufacturing operation
nearly two decades ago.
VFP, Inc. / Scott County / $100,000 Grant
VCEDA approved an up to $100,000 grant from the Coalfield Workforce
Development and Training Fund to the Scott County Economic Development
Authority to assist with an expansion of VFP, Inc., which is projected to bring
30 new jobs to Scott County. The VCEDA funds will be used for workforce
development and training to benefit VFP, Inc., a manufacturing company
located in the Duffield Regional Industrial Park in Scott County. VFP produces
quality, prefabricated structures for the telecommunications, utility, public
safety and renewable energy markets. Its utility customers are now requesting
wider and longer shelters. The company plans to invest $7.2 million in the
expansion, which will involve increasing production to meet growing demand
for its products. VCEDA has assisted VFP, Inc. with previous expansions at
its Scott County location.
Bruneaux Bait / Tazewell County / $400,000 Loan
Bruneaux Bait, a manufacturer of eco-friendly crawfish and crab bait used
in traps mainly in Louisiana, becomes the first business to locate in the
Bluestone Regional Business and Technology Center in Tazewell County,
bringing with it 12 full-time jobs.
VCEDA approved an up to $400,000 loan to the Tazewell County Industrial
Development Authority (IDA) to be used to finance site development, site
grading, building construction, the installation and extension of utilities
and other improvements to assist with the expansion and its location to the
Bluestone. The locally owned company brings with it a projected $100,000
in private investment by the company and a projection of up to 12 full-time
jobs within five years.
10
Lawrence Brothers, Inc. / Tazewell County /
$400,000 Loan
Lawrence Brothers, Inc., an industry leader in battery tray fabrication
and manufacturing of motive power trays, ground support systems and
transformer components, plans to invest $3.2 million and expand its
operations in Bluefield, Virginia, adding 40 new jobs. VCEDA approved a
$400,000 loan to help purchase equipment for the expansion which includes
upgrading and modernizing machinery and equipment to increase capacity
and double production at the facility. At the time of application to VCEDA,
Lawrence Brothers, Inc., founded in 1974, employed 70. The new expansion
will see the company’s employment numbers grow to 110 within five years.
Historic Crab Orchard Museum / Tazewell County /
$50,000 Grant
VCEDA approved an up to a $50,000 grant from the VCEDA Tourism Capital
Improvement Matching Fund to be used to renovate and expand the Farm
and Transportation Exhibit Building at the Historic Crab Orchard Museum
and Pioneer Park in Tazewell County. The building, most often referred to as
“the red barn,” houses museum exhibits, but is also used for musical events,
educational and cultural meetings and has been used as a wedding venue.
The red barn, which will be renovated, was built in 1988 as an additional
exhibit space specifically for farm heritage and vintage transportation
equipment. The museum plans to use the VCEDA funds to add on to the
existing red barn structure, to update the exhibit area behind a plexiglass
partition and to add restrooms and a catering kitchen. The museum projects
adding three full-time and three part-time jobs.
New Industrial Site / Dickenson County /
$1.175 Million Loan
VCEDA approved an up to $1.175 million loan to the Dickenson County
Industrial Development Authority (IDA) to be used to finance the purchase
of the former Mountain Forest Products chip mill site located adjacent to the
IDA’s Red Onion industrial site. The property is comprised of some 433.17
acres of real estate located in Dickenson and Wise counties. In addition to
the land, the site houses three steel frame structures and a rail siding on
site. The property has three phase power, natural gas, redundant broadband,
public water and public sewer. Located near the intersection of State Route
361 which connects with State Route 83, it is near Clintwood, Virginia and
Pound, Virginia.
11
HIGHLIGHTS
Russell Place / Russell County / $900,000 Loan
Faced with a lack of buildings or properties in Russell County to offer
prospects, VCEDA approved an up to $900,000 loan to be used by the Russell
County Industrial Development Authority (IDA) to acquire and develop the
Russell Place building and site located in downtown Lebanon, Virginia. One
prospect shown the facility decided to locate there and Italy-based Ceccato
S.P.A. announced it is locating its first United States subsidiary, Ceccato USA
Corporation, in the Russell Place building, bringing with it up to 50 new jobs
within three to five years. Ceccato is one of the leading Italian manufacturers
of washing systems and equipment for all vehicles, from cars to trains, in
more than 60 countries. In its new Lebanon location, initially, the company
will assemble and sell car wash units and manufacture truck wash units,
sourcing items needed to manufacture those from U.S. companies.
Medical Device Manufacturing Study /
Dickenson County / $170,000 Grant
VCEDA approved an up to $170,000 grant for the Dickenson County
Industrial Development Authority (IDA) to be used to finance a medical
device manufacturing feasibility study. The IDA is partnering on the study
with Medentum Innovations Inc., a Virginia corporation formed by Dickenson
County native Dr. Starla Kiser and Dr. Vivek Shinde Patil and other co-
founders, including students and teachers at Ridgeview High School, in
the development of Medentum’s signature ‘Diagnostick’ medical testing
technology. The company seeks to do all its design, R&D, testing and product
assembly in Dickenson County.
Clintwood Lot / Dickenson County / $60,000 Loan
VCEDA approved an up to a $60,000 loan to be used to finance additional
site development at the Dickenson County Industrial Development Authority’s
(IDA) approximately one-acre lot in the Town of Clintwood, including the
required installation of a stormwater detention system. In 2016, VCEDA
approved an up to $300,000 loan to the IDA to be used to finance the
purchase of real estate, site grading, site development, construction of a
retaining wall, installation of utilities and other improvements for the lot.
This will add to the IDA’s inventory of available economic development sites.
12
Sunnyside Lodging / Town of Tazewell /
$100,000 Grant
VCEDA approved an up to $100,000 grant from the VCEDA Tourism Capital
Improvement Matching Fund for the Town of Tazewell Industrial/Economic
Development Authority to be used to help advance the development of
a short-stay lodging facility in downtown Tazewell. The new project seeks
to develop the former Sunnyside Manor apartment complex into a 13-unit
short-stay lodging property with 34 beds. Plans call for the town to lease the
facility to Dragon Property Holdings, LLC, an affiliate of Back of the Dragon
Properties. The Sunnyside location is just a short distance from the Back of
the Dragon Welcome Center (which VCEDA helped to finance with a $150,000
loan in 2019) and seeks to capitalize on the regional tourist traffic as visitors
come to drive the Back of the Dragon motorcycle and sports car route.
Emerging Workforce Training / Southwest Virginia
Community College / $100,000 Grant
VCEDA approved an up to $100,000 grant to the Southwest Virginia
Community College (SWCC) Educational Foundation to be used for emerging
workforce development and training. Funding for the grant came from the
VCEDA Coalfield Workforce Development and Training Fund which is funded
by coal tax credit monies previously allocated to VCEDA. The funds will be
used by SWCC to provide scholarships in emerging workforce programs
to coalfield area residents and/or those who work in the VCEDA region.
The funds also will be used for training instructional costs, customized
workforce training for area businesses, costs of assessments and costs of
administering National Career Readiness Certificates and other workforce
testing.
Clinch River State Park / Region
Governor Ralph Northam joined state Department of Conservation and
Recreation staff, area legislators and officials in June for the dedication of
the Clinch River State Park near St. Paul, Va., the newest park in the Virginia
State Park system. It is considered the first state blueway park of several
sites along the Clinch River’s 135-mile length in the state. Once developed,
the park will highlight the Clinch River’s natural, historical and recreational
resources. It will consist of several smaller (250-400 acres) anchor properties
connected by multiple canoe/kayak access points along a 100-mile stretch
of the Clinch River. Some of the access points will be part of the state park,
while other partner agencies and localities will own additional launch access
points for outdoor enthusiasts.
13
HIGHLIGHTS
Medical Manufacturing Study / Tazewell County /
$170,000 Grant
VCEDA approved an up to $170,000 grant to the Tazewell County Industrial
Development Authority (IDA) to be used to finance a medical screening
convenience kit manufacturing feasibility study and the build-out of a
medical incubator site in Tazewell County. The Tazewell County IDA is
partnering with Moein Health, LLC on the project which has developed a
patented new screening method for cervical cancer which can be done in
one clinic visit. The screening kits are cost-effective, not highly technical
and designed for use in mobile units and mission clinics. According to the
project application, a key to the success of the project is collaboration with
Clinch Valley Medical Center. The project also seeks to provide the test kits it
produces through the Health Wagon and Remote Area Medical (RAM) clinics.
Acme Building Renovation / Russell County /
$500,000 Loan
VCEDA approved an up to $500,000 loan to be used to increase the
Russell County Industrial Development Authority’s (IDA) portfolio of
available buildings, and the funds will be used to finance the purchase
of the former Acme building in Russell County and for site development,
building rehabilitation and improvements to the building located on East
Main Street in Lebanon. Constructed around 1980, the 41,602 square feet
building is situated on approximately 2.19 acres and has public water, sewer
and natural gas nearby, and broadband providers. Having an inventory of
existing buildings is important to the region’s economic development efforts.
As examples of this, just in the Lebanon area alone, Samuel Pressure Vessel
Group, JM Conveyors, Polycap and TDEC all located in existing buildings.
Space-Based Broadband / Region / $500,000 Grant
An up to $500,000 grant from the VCEDA Education and Telehealth Access
Fund was awarded to the Appalachian Council for Innovation (ACI) to be
used toward the development of space-based broadband service in the
VCEDA e-Region. VCEDA was appropriated $500,000 in the Virginia state
budget during FY2022 for initiatives intended to expand education and
telehealth access. A budget amendment for this purpose was patroned in
the General Assembly by Senator Jeremy McPike and legislators from the
VCEDA region. The funds will be used to help provide low earth orbit space-
based broadband service to unserved and underserved children in the VCEDA
region. This followed a successful beta test of Starlink service through the
Wise County, Va. public school system.
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Energy Storage and Electrification Manufacturing /
Region
VCEDA is a partner in the Energy Storage and Electrification Jobs
Manufacturing Jobs Project (ESEM), which held a community meeting in
July at Southwest Virginia Community College to introduce the project and
to gain community input. VCEDA is part of this collaborative GO-Virginia
funded initiative to help existing companies expand and to recruit new
industries in the fields of energy storage and electrification manufacturing.
The ESEM project aims to facilitate the development of a vibrant energy
storage and electrification economy in Southwest Virginia by creating jobs
in the local manufacturing sector, attracting new investments to the region
and expanding the local tax base. Regional companies participating in the
project include AMR Pemco, Lawrence Brothers, Simmons Equipment and
West River Conveyors.
Workforce Development and Training / Mountain
Empire Community College / $100,000 Grant
VCEDA approved an up to $100,000 grant to the Mountain Empire
Community College Foundation that will be used by the college for workforce
development and training. The college may use the funding for scholarships,
training instructional costs, retraining costs and customized workforce
training for area businesses and for assessments, including, but not limited
to, costs of administering National Career Readiness Certificate testing
for residents of Southwest Virginia’s e-Region. The nationally recognized
certificate can be administered to students in career and technical schools
in local high schools to ensure that students complete high school with
not only a diploma, but a nationally recognized workforce credential,
simultaneously. Funding for the grant came from the VCEDA Coalfield
Workforce Development and Training Fund which is funded by coal tax credit
monies previously allocated to VCEDA.
Entrepreneurial Skills Training / Region /
$50,000 Grant
VCEDA approved an up to $50,000 grant from the VCEDA Coalfield Workforce
Development and Training Fund to the Napoleon Hill Foundation in Wise,
Va., to be used for workforce development and training. The funds will be
used to assist with the development of a free online interactive course in
entrepreneurial skills for high school students in the VCEDA region. The
course, “Keys to Success,” is a series of 17 modules which students enrolled
in the course can complete at their own pace and based on their own
schedules. The Napoleon Hill Foundation, currently located on the campus of
the University of Virginia’s College at Wise, is a 501c3 non-profit corporation.
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HIGHLIGHTS
Southern Gap Transportation & Logistics Center /
Buchanan County / $5.7 Million
VCEDA participated in a ribbon-cutting ceremony in October for the new
Southern Gap Transportation and Logistics Center in Buchanan County,
which was developed with up to $5.7 million in grants approved in 2018 by
VCEDA to the Buchanan County Industrial Development Authority (IDA). The
center was made possible through a partnership of the Buchanan County
IDA, VCEDA, and Southwest Virginia Community College which is operating
the center. The center offers Commercial Driver’s License (CDL), diesel repair
mechanic program, as well as additional credentialing programs including
SNAP-ON certifications, and other in-demand workforce training to support
the workforce needs of various businesses in the region.
Theatre Guild of Buchanan County /
Buchanan County / $50,000 Grant
VCEDA approved a $50,000 grant from the Virginia Coalfield Economic
Development Authority (VCEDA) Tourism Capital Improvement Matching Fund
to the Theatre Guild of Buchanan County to finance building renovations and
improvements to assist with the location of the Theatre Guild to Vansant to
the former Coca-Cola bottling facility, which has been renamed by the group
as the Community Arts Mainstage (CAM). The funding also will be used for
the purchase of furniture, fixtures and equipment, stage construction, other
improvements and engineering expenses. The Theatre Guild of Buchanan
County was formed in 2016 as a Virginia non-stock corporation and is also
a 501c3 non-profit organization. Its goal is to bring the highest standard of
community theatre to the county and to cultivate arts appreciation.
Three Rivers Destination – Discovery Center /
Russell County / $50,000 Grant
VCEDA approved an up to $50,000 grant from the VCEDA Tourism Capital
Improvement Matching Fund to be used toward financing the development
and construction of the Heart of Appalachia Tourism Authority’s new Three
Rivers Destination – Discovery Center in St. Paul, a regional tourism visitor
center in VCEDA’s e-Region. Described as a one-stop location to provide
information about the many tourism opportunities in the region, the new
center will be beneficial not only to travelers, but to the various regional
businesses and tourism assets which will be marketed through the Three
Rivers center. One new full-time and one new part-time job is projected
to be added within two years, adding to the Heart of Appalachia’s existing
employment of five full-time and one part-time employees.
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Spearhead Trails Adventure Recreation Center /
Wise County / $50,000 Grant
VCEDA approved a $50,000 grant from the VCEDA Tourism Capital
Improvement Matching Fund to the Southwest Regional Recreation Authority
(SRRA) to be used to assist with building renovations and improvements to
the Spearhead Trails Adventure Recreation Center at Coeburn. The SRRA,
which oversees the Spearhead Trails system, will use the funding to develop
the Coeburn center which will house its main offices, shop, an activity center
and supply storage. Activities planned for the Coeburn center include indoor
climbing, indoor batting cages, indoor ax throwing, sling shot/knife throwing,
an indoor skate park, picnic pavilion, board room/party room, games, events/
programs, shopping and concessions. The SRRA plans to develop recreation
and activity centers throughout the region with each featuring unique
activities to add to the tourism and amenities of the area.
Heart Stone Lodge / Buchanan County /
$700,000 Loan
VCEDA approved a $700,000 loan to the Buchanan County Industrial
Development Authority (IDA) to be used to assist in the development of
Heart Stone Lodge, a 53-suite, 61-bed assisted living facility to be located
in the Southern Gap area. Coalfields Health Foundation, Inc., a local 501(c)3
not-for-profit, is developing the project. Heart Stone is being designed with
individual suites of different sizes, surrounding a large, spacious central
area containing two living room areas with fireplaces, sofas, lounge chairs,
and coffee tables, a community dining room, library/chapel, salon/spa, and
multi-purpose activity areas. The developers of Heart Stone project 30-40
new jobs by its fifth year of operation.
Clintwood Splash Pad / Dickenson County /
$50,000 Grant
VCEDA approved an up to $50,000 grant from the VCEDA Tourism Capital
Improvement Fund to the Dickenson County Industrial Development Authority
(IDA) to assist with the development of a splash pad recreational area at
Clintwood. The funds are to be used to finance site development, paving,
splash pad construction, building construction, the purchase of equipment,
other improvements, and costs associated with the project designed to
enhance outdoor recreation areas for its citizens. The project will include the
water feature, picnic area and restroom facility.
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S E E D C A P I TA L P R O J E C T S
Arsenal Development Porter’s Lawncare, LLC
Lee Driving School Craft Connection, LLC
Appalachian Adventures & Outfitters, Inc. SoVA Gardens Country Roads Cabin Rental LLC
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VCEDA SEED CAPITAL MATCHING FUND
VCEDA established the VCEDA Seed Capital Matching Grant
Fund in 2017 to provide a source of matching grant funds to
assist new, start-up, and emerging small businesses located within
the region, and to attract such small businesses from outside the
region to locate within the region.
STATISTICS
Stats on Seed Capital Matching Fund
SINCE 2017
NEW START-UPS 137
A February 2021 study of the Seed Capital Matching Fund
completed by Virginia Tech’s Center for Economic & Community
1,030 (597 FULL-TIME;
Engagement found that the VCEDA program had a very high PROJECTED JOBS
return on VCEDA’s investment of $1 million that has resulted in
433 PART-TIME)
a $34.2 million impact on the region’s economy in the course of
three years. PROJECTED INVESTMENT $7,653,145
The study noted that data shows for every year the program has
existed, job numbers have exponentially grown by 10-20 positions.
Since the program started, the study found VCEDA has played a As that money circulates within the region’s economy through
critical role in the development of small businesses and in support business and employee spending, the study found additional
of entrepreneurship. money and jobs are created (indirect and induced effects),
generating an additional economic impact of $9.7 million, an
In addition to the 300 direct and indirect jobs VCEDA’s seed capital equivalent of 78 full-time jobs and $2.6 million in employee
program investments have created and retained in Southwest compensation.The study found the impact of the Seed Capital
Virginia during the study period: program on the entrepreneurial ecosystem of Southwest Virginia
» A return on investment of 34:1 has been realized; has been significant in a number of ways:
» Some $9.4 million in wages and compensation have been paid » 84 percent of seed capital grantees who responded to the
by the new businesses; survey reported VCEDA’s involvement was significant or highly
significant to the success of their business;
» $24.1 million in direct economic impact to the VCEDA region
has resulted; and » More than half of the survey respondents stated it was unlikely
their business would exist without the investment and support
» $6.8 million in employee compensation has been earned as a of VCEDA.
result of the small businesses becoming operational.
Competitive Performance / Buchanan County
From mobile welding to handyman and carpentry-related services, Competitive Performance owner Scott Davis said his new business in Buchanan County,
Va., caters to both commercial and residential clients. Davis noted while the new business primarily focuses on welding repairs and construction, the
handyman services he also provides have been utilized from the start. Trained and certified in various welding techniques, Davis is also committed to
continuing his education and expanding his knowledge in the field and to keeping up to date on the variety of certifications offered in the field. Future plans
for the business include to add welding assistants and other general laborers, who he said will also be required to hold all necessary certifications before
being assigned to specific jobs.
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S E E D C A P I TA L P R O J E C T S
Country Roads Cabin Rental LLC / Buchanan County
When Raymond and Melissa Webb bought 30 acres of property on Hoot Owl Mountain in Buchanan County, Va., they did so with the intent to develop a cabin
rental business and camping location — Country Roads Cabin Rental LLC — to augment lodging opportunities related to the Spearhead Trails’ Coal Canyon
Trail. With ride-out access to the trail and to the town of Grundy, Raymond Webb said they are already seeing a return on their investment as rentals are
picking up and the property is becoming known. The Webbs have been using Airbnb to rent the property and have been finding success with that. Country
Roads Cabin Rental LLC projects creating up to two full-time jobs within two years.
Deskins HomeTown Pharmacy, Inc. / Buchanan County
Serving the needs of their community is important to Hilary and Tony Deskins and utilizing Hilary’s pharmacy degree from the Appalachian College of
Pharmacy in nearby Oakwood, Va., the Deskins’ opened a full-service pharmacy, HomeTown Pharmacy, earlier this year in Marvin, Va., to do just that. In
addition to offering a full selection of common over the counter medications as well as prescription medications, HomeTown Pharmacy offers a gift section
complete with florals, wreaths, wooden signs, home décor, greeting cards, jewelry and more. Blister packaging services for medications are also available
to physicians and customers. The business projects five full-time and three part-time jobs within three years.
Hand in Hand, PLLC / Buchanan County
Helping area children reach developmental milestones and working with adults to help them regain their independence after an illness or injury are two of
the primary areas in which Hand in Hand, PLLC, focuses. Amy Cook will be opening the outpatient therapy clinic at 17447 Riverside Drive in Vansant, Va., to
work with children and adults and to provide specialized hand therapy services for both, addressing the shoulder, elbow, wrist and hand. In the future Cook
said, plans call for the addition of a speech and language therapist and the development of a sensory gym for children. The business projects three full-time
and two part-time jobs within three years.
Bass and Brass LLC / Dickenson County
When Bass and Brass LLC at 563 Greenbrier Road in Haysi, Va., opened, owner Tessa Deel’s goal was to create a one-stop shop for hunting and fishing
supplies and a place where sportsmen could buy, sell and trade their gear and equipment. Bass and Brass sells hunting and fishing supplies, as well as
guns, ammunition, archery supplies and more. Full gunsmithing services are offered including cleaning, maintenance, repairs, bluing and hydro dipping of
all firearms. Accessories, metal signs, live bait and more round out the store’s offerings. Deel’s husband, Chad, operates the store on a day-to-day basis and
Deel provides bookkeeping support, as well as help in the store evenings and weekends. The business created one full-time job.
Levisa Adventures, LLC / Dickenson County
Providing a fun, safe water experience for all is the primary goal of Levisa Adventures, LLC, which operates a tubing and kayaking business utilizing the
Levisa and Russell Fork Rivers in Buchanan and Dickenson counties. Levisa Adventures offers guided tours on the two rivers, partnering with the Breaks
Interstate Park and Southern Gap Outdoor Adventure to offer the tours. Several options for time on the river are available -- from a two and a half hour tour,
up to seven hours on the river if participants opt to travel it to Pikeville, Ky. Earlier this year, owners Michael Owens and Loni Web began exploring offering
night tubing on the river. The new business projects two full-time and four part-time employees within a year.
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Lilly’s Pad, LLC / Dickenson County
While materials availability issues pushed back the planned opening of Lilly’s Pad, LLC, owner Lilly Thacker said the project to renovate property at 24390
Dickenson Highway, near Spearhead Trails’ Ridgeview Trail in Haysi, Va., as a short-stay rental option in Dickenson County, continued. Lilly’s Pad is a one-
bedroom unit, located in the heart of downtown Haysi. It features a full kitchen, a bathroom and living area. Ride-out access from the property through town
to the trails which are less than one-quarter of a mile away is an added benefit at the property. The business projects one full-time and two part-time jobs
within five years as it grows.
Porter’s Lawncare, LLC / Dickenson County
When it comes to lawncare and landscaping services, Porter’s Lawncare, LLC, owned and operated by Michael Porter in Clintwood, Va., provides a variety
of services to meet both business and homeowner needs throughout the year. Landscaping, mulching, driveway sealing, gutter cleaning, brush and leaf
removal, pressure washing, mowing and weed eating services are offered. Fees are by the job and free estimates are available. Porter Lawncare’s primary
service areas are in Dickenson and Wise counties and the city of Norton. The business projects one full-time and two part-time jobs within three years.
American Muscle Detailing, LLC / Dickenson County
Matthew Mullins’ love of fast cars and luxury vehicles translated into a business recently as he opened American Muscle Detailing, LLC on 23802 Dickenson
Highway in Haysi, Va. The new business provides exterior and interior detailing, as well as waxing and ceramic coating vehicle service options. Services are
available to both individual car owners and to automobile dealers located in the vicinity of the shop. Looking to the future, Mullins plans to offer full vinyl
wrap and PPF film wrapping services, as well as windshield repair and window tinting. The business projects two full-time and three part-time employees
within three years.
Appa Valley LLC d/b/a SoVa Gardens / Lee County
Smart solutions to agricultural issues are what SoVa Gardens in Pennington Gap, Va., strives to provide for its customers. Organic farming is a primary
focus of the business co-owned by Orville Overton and Brandon Moore. SoVa Gardens offers industry leading products, services and support to all types of
gardeners – from farmers to hobbyists -- whether they are growing vegetables, herbs, flowers, or delving into new markets created by changes in Virginia
law. Products proven to provide savings in money, time and effort while also generating greater crop yields and sustainable solutions are stocked in the store
to meet the demands of its customer base. The business projects three full-time jobs and one part-time job within three years.
Lee Driving School / Lee County
Driver education — both classroom and behind the wheel instruction — as well as driver improvement and tutoring for license and learner’s permits
are among the multiple services offered by Lee Driving School in Pennington Gap, Va. The new business is owned by Connie Daugherty, Deborah McCoy
and Annette Tomlinson, lifelong educators, having served in multiple capacities. All three are active participants in the community where they grew up
and currently reside. Daugherty, McCoy and Tomlinson decided to open the new business to offer additional components of driver education after hearing
requests for additional services. All three are certified instructors through the state. The business projects creating six full-time jobs within five years.
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S E E D C A P I TA L P R O J E C T S
Nancy’s Downtown Boutique Stone Cellar
Levisa Adventures Pinkway
Deskins HomeTown Pharmacy Henrys Produce and Market
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Trendy Belle Salon LLC / Russell County
An upscale salon to cater to the hair styling and beauty needs of area women is what Natasha Hughes had in mind when she began planning for her new
business, Trendy Belle Salon in Lebanon, Va. In addition to her, one full-time and one part-time stylist are working in the salon as growing the customer base
remains a primary focus. The salon offers all hair styling services, with additional services available, including spray tanning, eyelash extensions, full body
waxing, teeth whitening and ear piercing. Appointments and walk-ins are welcome at the business located at 459 W. Main Street, Lebanon, Va.
Simona Corporation d/b/a Stone Cellar Brunch & Clutter / Russell County
For Connie Stinson, opening the Stone Cellar Brunch & Clutter in the heart of downtown Lebanon, Va., was a way she saw to realize her dream of operating
a small business, while at the same time giving back to the community. When the original Stone Cellar restaurant closed in March 2020, Stinson said she
began thinking about the possibilities of purchasing the business and opening it as her own. In December 2020, she took the plunge, bought the restaurant
and became a small business owner in her own right, officially opening the restaurant in January 2021. The business, Simona Corporation d/b/a Stone Cellar
Brunch & Clutter, projects one full-time and four part-time employees within three years.
Fitness Authority LLC / Russell County
Honaker residents and those in surrounding communities have a new gym option available now that Fitness Authority LLC has opened at 48 Commerce
Drive in Honaker, Va. The gym, owned by Rey Perez, is equipped with a variety of commercial equipment from ellipticals and treadmills to full circuit
training equipment, a free weights section and more. Open 24 hours a day, seven days a week, members receive a key fob to be able to visit the gym at their
convenience – day or night. In addition to offering the ability for members to work out as they wish, several classes are also offered. Personal one-on-one
training sessions can also be scheduled upon request. The business projects four full-time jobs and two part-time jobs within five years.
Southern Charm Décor LLC / Russell County
Helping to make every house a home with personalized décor and furniture pieces is why Andrew Mays and his wife, Ashley, opened Southern Charm Décor in
Russell County. Affordable custom-made furniture and antique restoration are what Andrew Mays said are staples of the business, located at 22 West Main
Street in Lebanon, Va. Home décor items are also available at the shop. Furniture items can be hand crafted based on customer specifications provided at
the time of the order. Home delivery service is offered for a small fee. Future plans call for the shop to offer custom interior decorating services. The business
currently projects one full-time job and one part-time job within three years.
The Weeping Willow Café & Tap House Inc. / Russell County
When Eric Adams opened the Weeping Willow Café & Tap House on 56 West Main Street in Lebanon, Va., it was the realization of his long-held dream to
provide a place where people could come to hang out with family and friends. Coffee, bagels, pastries, soups and salads are the current fare, but future
plans call for expanded hours and a menu featuring appetizers, dinner, live music, craft beer and wine. The addition of outdoor patio dining options are also
in the future plans. The business projects three full-time and three part-time employees.
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S E E D C A P I TA L P R O J E C T S
Henrys Produce & Market LLC / Scott County
For Henry and Renee Morris, opening Henrys Produce & Market LLC in Duffield, Va., was a way not only to give back to the community they love by giving local
farmers a ready outlet for their fresh produce, but it was also a way to honor their family heritage. From beans, corn, cabbage and tomatoes to yellow squash,
zucchini, potatoes of all kinds, strawberries and apples, there is plenty to choose from at the market which also offers local arts and crafts for sale. Six to
seven local farmers supply the bulk of the produce offered for sale at the produce market. The business projects eight full-time and seven part-time jobs.
Highland Monument Conservation LLC / Scott County
“Every death was a life and every life was a story.” It’s something Burke Greear said he thinks about every time he works carefully to restore and clean the
monuments and grave markers found in cemeteries throughout Southwest Virginia, where his new business, Highland Monument Conservation LLC operates.
The business, which is licensed and insured, offers stone preservation and historic documentation services. Greear said it all started as a hobby for family
and friends as part of genealogy research, but along the way, he realized there was a real need in the region for the service and so he stepped up to try to
fill that void. Within three years, the business projects one full-time employee and two part-time employees.
ClearSight Eye Care, Amber Hurley, OD, PLLC / Tazewell County
When Amber Hurley McCulley opened ClearSight Eye Care earlier this year, her goal was to provide comprehensive eyecare services utilizing state-of-the-art
technology and equipment to benefit residents in the region. The new clinic, located at 284 Ben Bolt Avenue in Tazewell, Va., provides comprehensive vision
and medical eyecare services and offers full optical shop services featuring more than 500 pairs of glasses frames from which to choose -- from budget
frames to designer frames. Contacts and sunglasses are also available. ClearSight offers eyecare services for the family -- for patients as young as six
months old to those who are 100 or more in the geriatric community. The business projects five full-time jobs within five years.
Pinkway / Tazewell County
Boutique-style children’s clothing and unique home décor are among the products customers visiting Pinkway find in the retail store which opened at 2431
Front Street in Richlands, Va. Owner Connie Allen noted Pinkway sells clothing for infants and for children up to sizes 10 and 12 for boys and girls. Monogram
services are available to personalize clothing and other items. Allen noted the store also has plans to add a bakery and to offer home decorating services and
design of children’s clothing. As the business grows, Allen said she hopes to use some of the additional space available in the building as an event space to
be offered for rent for birthday parties, business meetings and other social gatherings. One full-time job and two part time jobs are projected.
Craft Connection, LLC / Tazewell County
Assisting customers in the exploration of their creative talents and providing them with a ready source of craft supplies for a large variety of crafts was
Linda Hamm’s goal as she started her new business, the Craft Connection, LLC. The business is a paint your own pottery shop and also sells craft supplies,
vinyl, yarns and thread from its location on 4415 Steelsburg Highway in Cedar Bluff, Va. The Craft Connection also hosts several evening events focusing
on a variety of crafts from wreath making to barn quilt square painting to string art and more. The business projects two full-time and two part-time jobs
within three years.
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Elite Fitness @ Richlands, LLC / Tazewell County
Physical fitness is and always has been an ongoing demand, and Chad Cole said that was one of the reasons tipping the scales in his decision to move
forward in opening Elite Fitness, a new gym in the Town of Richlands. Va. Located at the Ratliff Town Center on 2010 Second Street in Richlands, Va.,
Elite Fitness offers a broad range of fitness options, including cardio, free weights, treadmills, recumbent bikes, stair climbers and more. Tanning is also
available at the facility. The gym offers memberships and provides its members with 24/7 access to use the equipment in the facility. It also sells multiple
fitness-related products. Elite Fitness projects two full-time employees within three years.
Nancy’s Downtown Boutique / Tazewell County
After working in the retail clothing sector for more than 20 years, Nancy Grant decided the time was right to venture out on her own and instead of working
in retail for others, to own and operate her own store, Nancy’s Downtown Boutique, located on 532 Virginia Avenue in Bluefield, Va. From live feed fashion
shows on the boutique Facebook page, to a future e-commerce website, Grant has pursued a number of ways to market the new business. Grant noted the
store has a regular customer base which ranges in age from those in their upper teens and 20s to 70 and older. The business projects two full time and
two part-time employees within two years.
Southwest Virginia Energy Consultants, Inc. / Tazewell County
Assisting commercial businesses, homeowners and agricultural businesses in growing their use of solar energy in the region is one of the primary goals of
Southwest Virginia Energy Consultants, Inc., in Tazewell County. North Tazewell residents Sharon Thomas, John Thomas, Jack Thompson and Doug Hutchinson
formed the new business with several goals, including to bring a solar panel manufacturer to Virginia. Sharon Thomas said additional goals of the business
are to pair solar projects with former abandoned mine property in the region in need of reclamation and to work with farmers to consider the development
of solar grow houses to produce organic crops, thereby making the growing season year-round. The business projects three full-time jobs within five years.
Appalachian Adventures & Outfitters, Inc. / Tazewell County
Seeking to capitalize on the growing tourism industry in Southwest Virginia’s e-Region, Appalachian Adventures & Outfitters, Inc., opened its UTV rental
business in Richlands, Va., not far from the entrance to Spearhead Trails’ Jawbone Trail. The business, co-owned by Brad Ratliff, Brian Ratliff and Brianna
Ratliff, offers rentals in four and eight-hour segments and is also developing plans to offer guided tours of the trails. Also offered are kayak rentals and
items in the store gift shop, including Southwest Virginia regional memorabilia, Spearhead Trails memorabilia and outdoor products and snacks. The
business projects two full-time jobs and three part-time jobs within the first year.
Arsenal Development LLC / Tazewell County
Helping clients to solve their technology needs while providing them with the data they need to grow is the primary focus of Arsenal Development LLC, a new
technology consulting service specializing in data analytics and software development in Richlands, Va. According to owner, Jordan Bales, the business is
focused on serving small and mid-sized businesses with their technology needs, including website development, hosting, software development, machine
learning and data analytics. In addition to working with those businesses, Bales said Arsenal will also pursue government contracts at local, state and
federal levels as those become available. The business projects creating four full-time jobs and six part-time jobs within five years.
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S E E D C A P I TA L P R O J E C T S
Elite Fitness @ Richlands ClearSight Eye Care, Amber Hurley, OD, PLLC
Breads by Marla Black Bear BBQ
Bass & Brass Big Stone Gap Pottery Shop
26
LECOWATIPA LLC d/b/a Route 19 Hot Dog Shop / Tazewell County
When it comes to hot dogs, the Route 19 Hot Dog Shop has not only all-beef hot dogs, but the homemade slaw and chili to go with them. Chili cheese baked
potatoes and fresh cut fries are two other specialties on the menu which also features BBQ sandwiches and grilled cheese. Jeff Tatum is the owner and Sandy
Tatum is the business manager of the restaurant which is located on Rt. 19 between Richlands, Va. and Lebanon, Va. in the Steelsburg Plaza -- not far from
Southwest Virginia Community College. A 10 percent discount is offered to students. Drive-thru and dine-in service are available. The business projects six
full-time jobs and 10 part-time jobs within three years.
Ole No. 3 Restaurant & Bar, LLC / Tazewell County
As Tom Wimmer watched Pocahontas, Va., continue to grow its tourism industry through the Pocahontas Exhibition Mine and the Spearhead and Hatfield
McCoy trail systems nearby, he saw the time was right to open a restaurant to meet the needs of residents and tourists alike. As a result, he began planning
to open the Ole No. 3 Restaurant and Bar. He envisioned a place where the community could find a place to congregate and interact socially and began
developing plans for a restaurant to seat up to 87 inside, with outside dining space as well. The business projects four full-time jobs and five part-time
jobs within three years.
Snuckle Butter, LLC / Tazewell County
Developing a place for residents and visitors alike to enjoy sweet treats and to have a place to gather, socialize and eat are the primary goals Laura Hrovatic
had in mind when she decided to pursue her dream of opening a bakery, Snuckle Butter, LLC, in downtown Bluefield, Va. Located at 542 Virginia Avenue in
Bluefield, Va., Snuckle Butter will sell a large variety of made fresh daily yeast donuts, cookies, brownies and specialty cakes when it opens this summer
and already has plans to expand to offer breads in its second year and gelato in its third year of operation. The business projects three full-time jobs and
six part-time jobs within five years.
Big Stone Gap Pottery Shop LLC / Wise County
Creating an experience for people to remember is one of the primary things Stephen Murray hopes Big Stone Gap Pottery in Big Stone Gap, Va., will do for
those visiting the shop. The business, located in the Big Stone Gap General Store, is a paint your own pottery studio offering ceramic pieces – from dishes,
cups and platters to novelty items, picture frames and more – that customers can paint as they wish, choosing from among a wide variety of paint colors
available at the shop. Once they have painted the piece, it is left at the shop to dry and the shop will then fire it in its kiln on-site before customers pick up
their pieces about a week later. The business projects four full-time employees.
Black Bear BBQ LLC / Wise County
With the growth of tourism through motorcycle tours and others coming to enjoy the beauty of the region and all it has to offer, lifelong Appalachia resident
Chris Williams saw opportunity. Seeing that opportunity, he decided to open Black Bear BBQ, located on 516 West Main Street in Appalachia. The restaurant
offers a varied menu of barbecue and grill items from pulled pork, ribs and brisket to chicken and burgers. A variety of sides are also offered -- from fried
okra and coleslaw to mashed potatoes and BBQ creamed corn and everything in between. A daily country plate special is also available and catering services
are an option for large groups upon request. The business projects creating eight full-time and six part-time jobs within five years.
27
S E E D C A P I TA L P R O J E C T S
Hughes Enterprises LLC d/b/a Wise Guys Pools / Wise County
While winter is the off-season for homeowners as far as getting a pool project underway, it’s the perfect time of year to plan for those projects, according
to Jordan Hughes, owner of Hughes Enterprises LLC d/b/a Wise Guys Pools. The business both sells and installs above ground pools and Hughes said its
service area includes Wise County and other localities in far Southwest Virginia. In addition to pool sales and installation, Wise Guys Pools offers pool liner
replacement services; weekly pool maintenance; home and deck pressure washing; and deck staining. Free quotes are available for all pool installations and
service options. The business projects three full-time jobs and four part-time jobs within five years.
OH Rentals LLC / Wise County
As tourism opportunities have grown in Southwest Virginia, Sarah and Joshua Lucas saw opportunity – not only to provide outdoor recreation for out-of-town
visitors, but to also cater to local residents. As a result, they opened OH Rentals LLC, which provides bike and kayak rentals and two short-term rental units
near the Spearhead Trails. OH Rentals LLC projects one full-time employee to manage the short-term rentals and seasonal outdoor rentals and one part-time
employee to help maintain equipment, perform housekeeping duties, manage reservations and provide shuttle service to get their rentals to customers who
are renting them as the business continues to grow.
Ruby Bea’s Boutique, LLC / Wise County
Shopping until you drop just got easier when Ruby Bea’s Boutique opened earlier this year, including with it, a mobile option for ease of customer shopping.
“We stop and you shop” is the mobile store’s motto as it goes from location to location bringing with it the latest styles in women’s clothing. Co-owners
Kristen McGreggor and Shelley Richards launched the venture as an e-commerce business and then decided to incorporate pop-up on location sale events,
bringing a full luxe boutique experience to any location. The mobile boutique is size inclusive, offering women’s apparel in sizes extra small to 3X, in addition
to accessories and various décor items. The business projects four full-time and five part-time jobs.
Breads by Marla, LLC / Wise County
From quick breads to cinnamon buns, pound cake to pretzels and more, Breads by Marla, operated by Big Stone Gap, Va., resident Marla Weitzman, has
been a familiar sight at area farmer’s markets in the past, but with the help of a VCEDA seed capital matching grant, Breads by Marla opened a commercial
kitchen at 520 West Main Street in Appalachia, Va., and began supplying area restaurants with the breads Weitzman has become famous for in the region.
The business projects the creation of one full-time and three part-time jobs within five years.
The Coffee Station LLC / Wise County
More than just a full-service coffee shop, the new Coffee Station in St. Paul, Va., also calls itself a mini-bakery, offering baked goods and space for local
artisans to display and sell their goods. From the Coffee Station’s exclusive Clinch River Blend black coffee to espresso, lattes, frappes, smoothies, frozen
lemonades and more, there’s a little something to appeal to everyone, according to owner, Andrea Hicks. Catering for small events is offered and in addition
to providing seating for restaurant customers, the Coffee Station’s gathering space can be rented for private events and is capable of accommodating up
to 80 people. The business projects three full-time jobs and two part-time jobs within five years.
28
Engine 343 Wood Fired Brick Oven Pizza LLC / Wise County
There are food trucks and then there are food trucks with a twist such as Engine 343 Wood Fired Brick Oven Pizza. Jennifer Bargo and Travis Anderson own
and operate the Wise County food truck business which features a fire truck engine, outfitted with a wood fired pizza oven trailer. The truck sets up at various
events and is also available to rent for children’s parties and can be customized with taps for adult events. True Italian ingredients comprise the pizzas made
from the oven, with pizza names a tip of the hat to firemen. Anderson, who is a career firefighter, noted the 343 in the business name represents the number
of firefighters lost on September 11. The business projects three full-time jobs and three part-time jobs within five years.
404 Café and Creamery, LLC / Wise County
As Elise and Robert Bloomer develop the 404 Café and Creamery restaurant in Big Stone Gap, Va., purchasing made in Virginia ingredients is a top priority –
from coffee and chips to soup mixes and ice cream. Sandwiches and baked goods are also on the menu for the restaurant located at 404 E. Shawnee Avenue
in Big Stone Gap. Opening the restaurant, according to Elise, is something she has wanted to do since she was 12 years old. The new restaurant will have
the capacity to seat 64 inside and close to that number outside. An ice cream cart has been purchased to allow the café to travel to provide ice cream for
various day events in the area. The business projects two full-time jobs and eight part-time jobs within five years.
Huff Daddy BBQ LLC / Wise County
Traditional Texas-style barbecue is what customers of Huff Daddy BBQ will find when they visit the walk-up location of the new barbecue storefront in Big
Stone Gap, Va. Owned by Larry Huff, Huff Daddy BBQ offers carryout barbecue orders. Huff said that what sets his barbecues apart are original Texas-style
BBQ methods, salt, pepper and “a little love.” He learned the recipe he uses today while he was in the military where he first took up the art of how to properly
smoke meats. Feeding people and watching their satisfaction as they enjoy something he has prepared is what Huff said motivates him. The business
projects four full-time jobs and seven part-time jobs within five years.
Big Stone’s Gap Golf, Miniature Golf Course, LLC / Wise County
Providing affordable family fun and a local entertainment option for the community of Big Stone Gap, Va., and surrounding communities is the goal of Big
Stone’s Gap Golf, Miniature Golf Course. Owned by Debra Ramsey and Philip Ramsey, Gap golf, which opens this spring, will provide 18 holes of miniature
golf. The venue is also capable of hosting birthday parties, special events, fundraisers, school events, corporate events and other celebrations. Located in
the town, close to the park, sports fields and the town’s visitor center, the new business also offers a modular, portable travel set of nine holes for rent to
host on-site mini-golf events. The business projects three full-time jobs and five part-time jobs.
29
C O A L F I E L D S E X P R E S S WAY ( C F X )
Members of the Virginia Coalfields Expressway Authority Board, pictured, from left (front), are Jonathan Belcher, Virginia CFX Authority executive director; Ron Peters,
representing Josh Evans; Jay Rife, chairman; J.H. Rivers; and Melanie Salyer; and (back) Keith Viers; Scott Mullins; Ed Talbott; John Schoolcraft; and James Keen. Not
pictured are Mike Yates, Bonnie Bates and Drew Keene.
CFX Economic Impact Estimated to be $12.8 Billion
The cumulative economic impact of the Coalfields Expressway (CFX) during State legislators and federal legislative staff members were also in
a 50-year span is estimated to be $12.8 billion in 2021 dollars, according attendance at the meeting and provided brief updates, noting that $7
to a study of the proposed roadway presented to members of the Virginia billion has been allocated through the federal infrastructure bill for Virginia
Coalfields Expressway Authority Board at its December board meeting. highways, however, the CFX project was not specifically earmarked and as
a result, will compete with other Virginia projects for funding through the
The study, performed by Chmura Economics & Analytics in Richmond, Va.,
state’s Smartscale process.
was conducted at the request of the Virginia CFX Authority and the Virginia
Coalfield Economic Development Authority (VCEDA) and built upon a prior On the state level, earlier in the year Delegate Will Morefield and Senator
study conducted by Chmura in 2013. What the new study found was that Travis Hackworth helped arrange and attended a meeting in Charleston,
while 2021 estimates are that the completed roadway in Virginia will cost WV with officials from both states participating in-person and virtually to
$3.1 billion, each dollar of investment in the CFX can result in $3.10 in discuss a multi-state approach in promoting and completing the Coalfields
economic impact in the two-state corridor during its life span. Expressway.
The Coalfields Expressway, designated as U.S. Route 121 and a The CFX board agreed to send a letter to Governor Glenn Youngkin,
Congressional High Priority Corridor, is a proposed limited-access highway congratulating him on his election win and urging support for the Coalfields
to provide a modern, safe, and efficient transportation artery through the Expressway project.
coalfield region of far Southwest Virginia and southern West Virginia.
“The completion of the Coalfields Expressway would open up new areas for
The state of West Virginia has made significant progress on its portions economic development, including new business and industrial sites and
of the Coalfields Expressway, however Virginia has no sections of the improved access to existing business and industrial parks, thereby making
Coalfields Expressway funded or under construction except for a shared the region much more competitive for economic development projects,” the
section with U.S. 460 in Buchanan County. Virginia provided no mechanism letter noted.
to fund the Virginia Coalfields Expressway Authority when it was created in
“Simply stated, the Coalfields Expressway is absolutely critical to the
2017 and it also remains unfunded. VCEDA provides staff support for the
economic development and diversification of the region, the economy which
Virginia CFX Authority.
has been decimated by the decline in the coal mining industry.”
30
R E N E WA B L E E N E R G Y
Solar Training Projects First to Receive Funding
from VCEDA Renewable Energy Fund
Two solar projects are the first to be approved for funding from
the newly created Virginia Coalfield Economic Development
Authority (VCEDA) Renewable Energy Fund.
VCEDA approved an up to $244,126 grant to Southwest Virginia
Community College (SWCC) Educational Foundation to be used
for workforce development and training in support of renewable
and alternative energy, as well as the installation of a solar panel
project on campus. Included in the project is the installation of
10KW of solar panels in connection with a pending new student
housing project on the SWCC campus. The solar panels will be
installed on the housing units.
Up to 84 full-time jobs in the field of solar energy are projected
to be created through the second project which was approved for
an up to $225,000 grant from the Renewable Energy Fund. This
grant is to be used for the Solar Workforce Accelerator to establish A new Solar Workforce Accelerator program is being funded by an up to $225,000
a joint solar education program being developed by Southwest grant approved by VCEDA through its Renewable Energy Fund. On hand for the
Virginia Community College (SWCC) and Mountain Empire ceremonial check presentation were, from left, Jonathan Belcher, VCEDA executive
Community College (MECC). director/general counsel; Dr. Tommy Wright, Southwest Virginia Community
College president; Susan Lowe, SWCC vice president of institutional advancement
The objective of the Solar Accelerator is to create a solar workforce and executive director of SWCC’s educational foundation; and Dr. Kris Westover,
training pipeline in the VCEDA service region by establishing a Mountain Empire Community College president.
dual-track solar credentialing and internship program for SWCC
and MECC students and local workers.
Coursework will take place at the community colleges and interns
will be placed on Solar Finance Fund-supported solar installations
in the VCEDA region.
The VCEDA funds will be used for workforce development and
training, course materials, tuition, books and the purchase of
equipment. Through the program, students will be trained and
placed in paid internships.
Together, SWCC and MECC cover all of the counties and one
city served by VCEDA, with SWCC primarily serving Buchanan,
Tazewell, and Russell counties and portions of Dickenson County
and MECC primarily serving the City of Norton and Lee, Scott,
and Wise counties and portions of Dickenson County. The two
community colleges joined forces to establish the Southwest
A ceremonial check representing the up to $244,126 grant from the Virginia
Virginia Solar Workforce Accelerator. Coalfield Economic Development Authority (VCEDA) for Southwest Virginia
Community College (SWCC) to be used for workforce development and training in
VCEDA created the Renewable Energy Fund utilizing funding
support of renewable and alternative energy, as well as the installation of a solar
from the Coalfield Employment Enhancement Tax Credit. panel project on campus, was presented to the SWCC Educational Foundation.
From left are Dr. Tommy Wright, SWCC president; Susan Lowe, SWCC vice president
of institutional advancement and executive director of SWCC’s educational
foundation and Jonathan Belcher, VCEDA executive director/general counsel.
31
MARKETING SOUTHWEST VIRGINIA’S e-REGION
Even though the COVID-19 pandemic continued to affect marketing and business development in
2021, VCEDA participated in 20 virtual and in-person events throughout the year. In 2021 VCEDA
had 66 in-person and virtual prospect visits and handled 231 inquiries about Southwest Virginia’s
e-Region.
VCEDA participated with the Virginia Economic Development Partnership (VEDP) in three virtual
marketing call trips to Oklahoma/Arkansas, Michigan and Illinois, and an in-person trip to Ohio, and
met with a group of site selection consultants, along with several of our local economic developers,
in the Site Selectors Guild Virtual Table Talk. Joined by local economic developers, VCEDA also
conducted a virtual call trip talking with companies and site location consultants about the region.
VCEDA also attended in person the Site Selectors Guild annual conference in Orlando, FL, Area
Development Consultants Forum in Richmond, VA, Governor’s Summit on Rural Prosperity in
Farmville, VA, and the AUVSI Ridge and Valley Symposium in Blacksburg, VA.
Southwest Virginia’s e-Region was represented at the Electric & Hybrid Vehicle Tech Expo and
Battery Show in Novi, MI with a team of partners from the Energy Storage and Electrification
A new video on how to apply for a Manufacturing (ESEM) jobs project helping to man the VCEDA booth and meet with companies.
VCEDA Seed Capital Matching Grant VCEDA had a virtual booth at the SelectUSA Investment Summit which was all virtual this year.
was created in 2021.
With the overwhelming success of the Seed Capital
Matching Grant program, VCEDA created a video, “How
to Apply for a Seed Capital Grant” to assist potential
applicants with the process of applying through the
Small Business Development Centers at Southwest and
Mountain Empire community colleges. Five other short
videos featuring e-Region business leaders discussing
how VCEDA has helped their companies to succeed and
grow in the region were also developed and are featured
on a landing page on the VCEDA website www.vceda.
us/impact. These videos are also featured on VCEDA’s
social media channels.
VCEDA Marketing Ambassador Charlotte
Mullins was in Orlando, FL in August
representing VCEDA at the Data Center
World 2021 expo.
32
VCEDA Marketing Ambassabors Charlotte Mullins
and Cathy St. Clair are pictured with e-Region
manufacturers at the Southwest Virginia Alliance
for Manufacturing (SVAM) Expo.
VCEDA exhibited at the Electric Vehicle and Battery Show in Michigan in mid-September. The e-Region booth
also featured the Energy Storage and Electrification Manufacturing (ESEM) jobs project, a GO Virginia funded
initiative of which VCEDA is a part, designed to help promote the region for job creation in those industry
sectors. ESEM team members pictured, from left, are Vivek Shinde Patil (Ascent Virginia), Melanie Protti-
Lawrence (Lawrence Brothers), Fernando Protti (Lawrence Brothers) and Scotty Wampler (Cumberland Plateau
Planning District Commission). VCEDA was pleased to take part in and sponsor the
Area Development Consultants Forum in Richmond,
VA, where the program provided an opportunity to
hear from leading site consultants and industry
experts on the trends influencing corporate location
and economic development strategy. VCEDA
contributed to snack baskets with e-Region labeled
VCEDA Marketing bags of coffee from Lincoln Road Virginia LLC,
Ambassador Mary Rae of Norton, VA, one of its past seed capital grant
Carter, left, is pictured recipients.
with Virginia Economic
Development Partnership
Vice President Vince
Barnett, who is also a
member of the VCEDA
board, at the welcoming
reception for the Site
Selectors Guild Conference
in Orlando, FL.
33
2021 VCEDA MARKETING EVENTS
EVENT DATE LOCATION
Chamber Day at the Capital 1/12/21 Virtual
Business Investment Call Trip (OK/AR) 2/1/21 Virtual
VEDA Spring Conference 3/18-19/21 Virtual
SWVA Economic Forum 5/26-27/21 Virtual
Business Investment Call Trip (IL) 6/3-16/21 Virtual
SelectUSA Investment Summit 6/7-11/21 Virtual
Site Selectors Guild Annual Conference 6/10-12/21 Orlando, FL
Area Development Consultants Forum 6/21-23/21 Richmond, VA
Business Investment Call Trip (MI) 6/24/21 Virtual
AFCOM Data Center World Global Summit 8/16-19/21 Orlando, FL
SWVA Manufacturers Expo 9/2/21 Abingdon, VA
Electric & Hybrid Vehicle Tech Expo/Battery Show 9/14-16/21 Novi, MI
VEDA Fall Conference 9/22-24/21 Norfolk, VA
SVAM Awards Banquet 10/14/21 Abingdon, VA
Business Investment Call Trip (OH) 10/25-29/21 Ohio
AUVSI Ridge and Valley Symposium 10/26-27/21 Blacksburg, VA
Site Selectors Guild Virtual Table Talk 10/28/21 Virtual
Governor’s Summit on Rural Prosperity 11/4-5/21 Farmville, VA
VEDA Winter/Annual Meeting 11/30-12/1/21 Staunton, VA
VCEDA Virtual Call Trip 12/6-13/21 Virtual
TOTAL MARKETING EVENTS (20)
let
help you find your place in
Southwest Virginia’s e-Region.
www.vceda.us
How can we help
YOUR business?
VCEDA ran ads in Virginia Business Call 1.800.735.9999
magazine in August and November urging
viewers to visit the vceda.us website.
mail@e-Reg io n. o rg • www. e-Reg io n. o rg • www. vceda. us
34
VCEDA_VB_halfpagehoriz_Oct2020_final.indd 1 10/6/20 7:21 PM
VCEDA BOARD OF DIRECTORS
Directors and officers of the Virginia Coalfield Economic Development Authority are pictured in this photo taken at the November meeting of the board. From left (front), are
J.P. Richardson; Josh Ball, vice chairman; Larry Mosley, chairman; Esther Bolling, treasurer; and Jonathan Belcher, VCEDA executive director/general counsel; (middle) Kathy
Still, Maggie Asbury, Barbara Altizer and Rhonda Sluss; and (back) Brian Hess, Duane Miller, Troy Nichols, Vince Barnett, Becky Coleman and Carroll Branham. Not pictured
is Jim Baldwin, secretary of the board.
Virginia Coalfield Economic Development Authority Board of Directors
OFFICERS COAL PRODUCERS PLANNING DISTRICT COMMISSIONS
Larry Mosley | Chairman Troy Nichols Jim Baldwin
Joshua Ball | Vice-Chairman Paramont Contura, LLC Cumberland Plateau PDC
Jim Baldwin | Secretary J.P. Richardson Duane A. Miller
Esther Bolling | Treasurer Surface Minerals Company LENOWISCO PDC
Brian Hess
VCEDA
GOVERNOR’S APPOINTEES Coronado IV LLC COUNTY BOARD OF SUPERVISORS
Maggie Asbury Carroll Branham | Buchanan County
Esther Bolling GAS PRODUCER Rhonda Sluss | Dickenson County
Becky Coleman Joshua Ball Mike D. Hymes | Tazewell County
Larry Mosley Pocahontas Gas
Kathy Still VIRGINIA ECONOMIC
VIRGINIA COAL & ENERGY ALLIANCE DEVELOPMENT PARTNERSHIP
Barbara Altizer Vince Barnett
Metallurgical Coal Producers
Association
35
2 0 2 1 V C E D A L O A N A P P R O VA L S
LOANS APPROVED AMOUNT
Buchanan County Buchanan County IDA/Heart Stone Lodge 4/15/21 $700,000.00
Buchanan County Buchanan County IDA/Skyline Fabricating, Inc. 9/16/21 $538,030.00
Dickenson County Dickenson County IDA/Chip Mill Site Purchase 2/18/21 $1,175,000.00
Dickenson County Dickenson County IDA/Clintwood Lot Dev. 11/18/21 $60,000.00
Russell County Russell County IDA/Acme Building 6/17/21 $500,000.00
Tazewell County Lawrence Brothers, Inc. 2/18/21 $400,000.00
TOTAL LOANS (6) $3,373,030.00
2 0 2 1 V C E D A G R A N T A P P R O VA L S
GRANTS APPROVED AMOUNT
Buchanan County Competitive Performance 6/17/21 $6,500.00
Buchanan County Country Roads Cabin Rental LLC 6/17/21 $6,500.00
Buchanan County Deskins HomeTown Pharmacy, Inc. 6/17/21 $6,500.00
Buchanan County Theatre Guild of Buchanan County 9/16/21 $50,000.00
Buchanan County Hand in Hand, PLLC 11/18/21 $8,000.00
Dickenson County Dickenson County IDA/Haysi & Clintwood Site Dev. 2/18/21 $325,000.00
Dickenson County Bass and Brass LLC 6/17/21 $6,500.00
Dickenson County Levisa Adventures, LLC 6/17/21 $6,500.00
Dickenson County Lilly’s Pad, LLC 6/17/21 $6,500.00
Dickenson County Porter’s Lawncare, LLC 6/17/21 $6,500.00
Dickenson County Town of Clintwood/Campground 9/16/21 $50,000.00
Dickenson County Dickenson County IDA/Splash Pad 9/16/21 $50,000.00
Dickenson County SRRA/Sportsman’s Complex 9/16/21 $150,000.00
Dickenson County American Muscle Detailing, LLC 11/18/21 $10,000.00
Lee County Appa Valley LLC d/b/a SoVa Gardens 11/18/21 $10,000.00
Lee County Lee Driving School 11/18/21 $10,000.00
Russell County Trendy Belle Salon LLC 6/17/21 $6,500.00
Russell County Simona Corporation 6/17/21 $6,500.00
Russell County Fitness Authority LLC 6/17/21 $6,500.00
Russell County Heart of Appalachia/Destination Center 9/16/21 $50,000.00
Russell County Southern Charm Décor LLC 11/18/21 $10,000.00
Russell County The Weeping Willow Café & Tap House Inc. 11/18/21 $10,000.00
Scott County Henrys Produce & Market LLC 6/17/21 $6,500.00
Scott County Highland Monument Conservation LLC 6/17/21 $6,500.00
36
Scott County Scott County EDA/Tempur Sealy 6/17/21 $100,000.00
Scott County Scott County EDA/VFP, Inc. 9/16/21 $100,000.00
Tazewell County ClearSight Eye Care, Amber Hurley, OD, PLLC 6/17/21 $6,500.00
Tazewell County Pinkway 6/17/21 $6,500.00
Tazewell County Craft Connection, LLC 6/17/21 $6,500.00
Tazewell County Elite Fitness @ Richlands, LLC 6/17/21 $6,500.00
Tazewell County Nancy’s Downtown Boutique 6/17/21 $6,500.00
Tazewell County Southwest Virginia Energy Consultants, Inc. 6/17/21 $6,500.00
Tazewell County Tazewell County IDA/ Medical Mfg. Feasibility Study 6/17/21 $170,000.00
Tazewell County Historic Crab Orchard Museum and Pioneer Park 9/16/21 $50,000.00
Tazewell County Appalachian Adventures & Outfitters, Inc. 11/18/21 $10,000.00
Tazewell County Arsenal Development LLC 11/18/21 $10,000.00
Tazewell County LECOWATIPA LLC d/b/a Route 19 Hot Dog Shop 11/18/21 $10,000.00
Tazewell County Ole No. 3 Restaurant & Bar, LLC 11/18/21 $10,000.00
Tazewell County Snuckle Butter, LLC 11/18/21 $10,000.00
Wise County Big Stone Gap Pottery Shop LLC 6/17/21 $6,500.00
Wise County Black Bear BBQ LLC 6/17/21 $6,500.00
Wise County Hughes Enterprises LLC d/b/a/ Wise Guys Pools 6/17/21 $6,500.00
Wise County OH Rentals LLC 6/17/21 $6,500.00
Wise County Ruby Bea’s Boutique, LLC 6/17/21 $6,500.00
Wise County Breads by Marla, LLC 6/17/21 $6,500.00
Wise County SRRA/Coeburn STAR Center 9/16/21 $50,000.00
Wise County The Coffee Station LLC 11/18/21 $10,000.00
Wise County Engine 343 Wood Fired Brick Oven Pizza LLC 11/18/21 $10,000.00
Wise County 404 Café and Creamery, LLC 11/18/21 $10,000.00
Wise County Huff Daddy BBQ LLC 11/18/21 $10,000.00
Wise County Big Stone’s Gap Golf, Miniature Golf Course, LLC 11/18/21 $10,000.00
Wise/Norton Earthlink, LLC 11/18/21 $100,000.00
Regional SWCC Educational Foundation 4/15/21 $100,000.00
Regional Appalachian Council for Innovation 6/17/21 $500,000.00
Regional MECC Foundation 6/17/21 $100,000.00
Regional SWCC Educational Foundation/Renewable Energy Programs 11/18/21 $244,126.00
Regional MECC & SWCC Foundations/Solar Workforce Accelerator 11/18/21 $225,000.00
Regional Napoleon HIll Foundation/Entrepreneurial Skills Training 11/18/21 $50,000.00
TOTAL GRANTS (58) $2,778,126.00
TOTAL LOANS & GRANTS (64) $6,151,156.00
37
INDEPENDENT AUDITOR’S REPORT
The Board of Directors
Virginia Coalfield Economic
Development Authority
Lebanon, Virginia 24266
REPORT ON THE FINANCIAL STATEMENT
Opinion
We have audited the accompanying statement of cash receipts and disbursements of Virginia Coalfield Economic Development Authority (the Authority) for the year ended December 31, 2021
and the related notes to the financial statement.
In our opinion, the financial statement referred to in the first paragraph presents fairly, in all material respects, the statement of cash receipts and disbursements of the Authority for the year ended
December 31, 2021, in accordance with the cash basis of accounting described in Note 1.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial
Statements section of our report. We are required to be independent of the Authority, and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to
our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of this financial statement in accordance with the cash basis of accounting described in Note 1; this includes determining that
the cash basis of accounting is an acceptable basis for the preparation of the financial statement in the circumstances, and for the design, implementation, and maintenance of internal control
relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to error or fraud.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Authority’s
ability to continue as a going concern within one year after the date that the financial statements are available to be issued.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s
report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally
accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud
is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered
material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit.
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such
procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion
on the effectiveness of the Authority’s internal control. Accordingly, no such opinion is expressed.
• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the
financial statements.
• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Authority’s ability to continue as a going concern for a
reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal
control related matters that we identified during the audit.
Basis of Accounting
We draw your attention to Note 1 of the financial statement, which describes the basis of accounting. The financial statement was prepared on the cash basis of accounting, which is a basis of
accounting other than accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated February 28, 2022, on our consideration of the Authority’s internal control over financial reporting and on
our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of
internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Authority’s internal control over financial reporting
or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Authority’s internal control over financial reporting
and compliance.
Norton, Virginia
February 28, 2022
NOTE 1 - NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES
Financial Reporting Entity – Virginia Coalfield Economic Development Authority was created, effective July 1, 1988, as a political subdivision of the Commonwealth of Virginia, pursuant to the
Code of Virginia, Chapter 60, Sections 15.2-6000-6015. Virginia Coalfield Economic Development Authority accounts for all funds received from tax and grant receipts, investment earnings, loan
collections and related expenditures for the eight participating localities.
Cash basis of accounting – As is the case of many funds of this type, the accounts are maintained, and the statements are presented, on a cash basis, reflecting only recorded cash receipts and cash
disbursements. Therefore, cash collected and not recorded in the general ledger, receivables, and payables, inventories, accrued revenue and expenditures, and equipment and depreciation, which
may be material in amount, are not reflected, and this statement is not intended to present the overall financial position or results of operations in conformity with generally accepted accounting
principles.
Cash and cash equivalents – For purposes of reporting cash, the Authority considers all certificates of deposit, savings accounts, and money market funds with an original maturity of three months
or less to be cash equivalents.
Deposits with banks are covered by the Federal Deposit Insurance Corporation (FDIC) and collateralized in accordance with the Virginia Security for Public Deposits Act (the “Act”) Section
2.2-4400 et. Seq. of the Code of Virginia. Under the Act, banks and savings institutions holding public deposits in excess of the amount insured by the FDIC must pledge collateral to the
Commonwealth of Virginia Treasury Board. Financial Institutions may choose between two collateralization methodologies and depending upon that choice, will pledge collateral that ranges in
the amounts from 50% to 130% of excess deposits. Accordingly, all deposits are considered fully collateralized.
CLASSIFICATION OF ACCOUNTS:
Coal and Gas Funds
On September 1, 1988, and on the first day of each month thereafter, each county and city shall remit to the Virginia Coalfield Economic Development Authority twenty-five percent of the revenues
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collected during the next to last calendar month from the (i) gas road improvement tax pursuant to Section 58.1-3713 and (ii) local coal road improvement severance licenses tax pursuant to
subsection B of Section 58.1-3741.
Pursuant to Section 58.1-3713.4, a county or city may levy an additional license tax on every person engaging in the business of severing gases from the earth. The license tax shall be at a rate not
to exceed one percent of the gross receipts from the sale of gases severed within the county or city. In the counties of Buchanan, Dickenson, Lee, Russell, Scott, Tazewell, and Wise, and the City of
Norton one-half of the revenues derived from such tax shall be paid to the Virginia Coalfield Economic Development Authority.
Tax Credit Funds
Pursuant to Section 58.1-439.2, Coalfield employment enhancement tax credit, for tax years beginning on and after January 1, 1996, but before January 1, 2017, and or after January 1, 2018, but
before January 1, 2022 (for metallurgical coal only), any person who has an economic interest in coal mined in the Commonwealth shall be allowed a credit against the tax imposed by Section
58.1-400 and any other tax imposed by the Commonwealth. If the credit exceeds the person’s state tax liability for the tax year, the excess shall be redeemable by the Tax Commissioner on behalf
of the Commonwealth for ninety percent of the face value within ninety days after filing the return; however, for credit earned in tax years beginning on and after January 1, 2002, such excess shall
be redeemable by the Tax Commissioner on behalf of the Commonwealth for eighty-five percent of the face value within ninety days after filing this return. The remaining ten or fifteen percent
of the value of the credit being redeemed, as applicable for such tax year, shall be deposited by the Commissioner in a regional economic development fund administered by the Virginia Coalfield
Economic Development Authority to be used for regional economic diversification in accordance with guidelines developed by the Virginia Coalfield Economic Development Authority and the
Virginia Economic Development Partnership.
Civil Penalties Funds
Pursuant to the Code of Virginia, Title 45.2, Mines, Minerals and Energy Chapter 10, Virginia Coal Surface Mining Control and Reclamation Act of 1979, Article 2, Regulation of Mining Activity,
Section 45.2-1021, any permittee who violates any permit condition or any other provision of this chapter or the regulations thereunder may be assessed a civil penalty by the Director, except that
if such violation leads to the issuance of a cessation order, the civil penalty shall be assessed. Such penalty shall not exceed $5,000 for each violation except that if the violation resulted in a personal
injury or fatality to any person, then the civil penalty shall not exceed $70,000 for each violation. All civil penalties shall be paid into a special fund in the State Treasurer’s office to be used by the
Director for enhancing conservation and recreational opportunities in the coal-producing counties of the Commonwealth. The Director shall transfer quarterly 50 percent of the fund balance to
the Virginia Coalfield Economic Development Authority for the purposes of developing infrastructure and improvements at Breaks Interstate Park.
CFO Funds
The goal of the Virginia Coalfield Economic Development Authority (VCEDA) Communities for Opportunity (CFO) Loan Fund is to establish a revolving loan fund to encourage economic
development in the coal producing counties of Virginia. Each proposed use of the CFO Loan Fund must have the concurrence of the Director of the Virginia Department of Housing and
Community Development (VDHCD). Generally, VCEDA and VDHCD have determined that the optimum use of the CFO Loan Fund would be to encourage the development and growth of
businesses in the VCEDA coal-producing counties where the development and growth of such businesses will create a unique opportunity in a specific community that would not otherwise be
addressed without financial support from VCEDA. In order to maximize the resources of this program, all projects requesting funding under this program must have a source of matching funds
sufficient to match every dollar requested from the VCEDA CFO Loan Fund with one dollar from some other source(s).
Education and Telehealth Funds
Chapter 552, 2021 Acts of Assembly, Special Session I, Item 114, R allocated $500,000 from the general fund in fiscal year 2022 for the Lenowisco Planning District Commission and Cumberland
Plateau Planning District Commission, to be managed by the Virginia Coalfield Economic Development Authority (VCEDA). These funds are designated for initiatives intended to expand
education and telehealth access.
Proceeds Held - The treasurer may invest and reinvest funds of the Authority pending their need. All monies received by the Authority pursuant to Section 15.2-6009, together with any matching
funds received from state or federal sources, shall be applied and used only in the county or city from which the funds were received, unless the governing body of the county or city consents
to their use in another county or city. Monies received pursuant to Section 58.1-3713.4 may be used at the discretion of the Authority for purposes and projects as determined by the Authority.
Virginia Coalfield Economic Development Authority
Statement of Cash Receipts & Disbursements—Year Ended December 31, 2021
CASH RECEIPTS CASH DISBURSEMENTS
Administrative Uncommitted
& Business Dev. Project Balance Available
Coal & Gas Funds Balance 1/1/21 Receipts Interest Earned Loans Collections Expenses Loans & Grants 12/31/21 Balance
Buchanan County $ 5,541,372 $ 1,988,294 $ 12,286 $ 132,556 $ 260,587 $ 2,893,988 $ 4,519,933 $ 744,267
Dickenson County 12,502,021 973,263 31,544 74,330 156,153 2,091,501 11,333,504 8,589,190
Lee County 143,230 334 386 - 81 - 143,869 123,869
City of Norton 467 - 1 - - - 468 468
Russell County 556,154 101,234 734 328,100 13,903 671,000 301,319 301,319
Scott County 24,252 1,344 66 - 106 - 25,556 25,556
Tazewell County 1,473,571 209,974 3,321 722,665 50,378 1,069,659 1,289,494 1,219,494
Wise County 2,953,845 138,434 8,667 667,732 10,161 - 3,758,517 3,758,517
Regional 5,040,649 539,306 12,816 181,450 379,480 1,004,174 4,390,567 3,126,018
Total Coal & Gas Funds $ 28,235,561 $ 3,952,183 $ 69,821 $ 2,106,833 $ 870,849 $ 7,730,322 $ 25,763,227 $ 17,888,698
Other Funds:
Tax Credit Funds
Revolving Loan $ 9,811,327 $ 2,215,296 $ 32,373 $ 54,616 $ - $ 738,340 $ 11,375,272 $ 10,643,127
Workforce 17,279,945 - 50,982 - - 510,425 16,820,502 5,713,881
Total Tax Credit Funds $ 27,091,272 $ 2,215,296 $ 83,355 $ 54,616 $ - $ 1,248,765 $ 28,195,774 $ 16,357,008
Civil Penalties Funds $ 908,176 $ 59,376 $ 2,077 $ - $ - $ 156,031 $ 813,598 $ 610,098
CFO Funds $ 429,400 $ - $ 43 $ 27,000 $ - $ 429,000 $ 27,443 $ 27,443
Education & Telehealth $ - $ 500,000 $ 27 $ - $ - $ 500,000 $ 27 $ 27
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SOUTHWEST VIRGINIA’S e-REGION IS MARKETED BY VCEDA
VIRGINIA COALFIELD ECONOMIC
DEVELOPMENT AUTHORITY
P.O. Box 1060 | Lebanon, Virginia 24266 | 276.889.0381
www.vceda.us | www.facebook.com/VAeRegion | @VAeRegion
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