News ReleasesHere you will find news releases in and around Virginia's e-Region.
LEBANON, VA – APRIL 19, 2019 -- Seed capital matching grant funding totaling up to $180,000 was approved for 18 new small businesses in Southwest Virginia during the Virginia Coalfield Economic Development Authority (VCEDA) meeting, Thursday in Lebanon. The grant...read more
LEBANON, VA – APRIL 11, 2019 -- A Canadian-based manufacturer of specialty plastic caps and closures will soon establish its first U.S. manufacturing facility in Russell County, Virginia, creating 48 new jobs within three years and 65 new jobs within five years at the...read more
LEBANON, Va. – April 9, 2019 – The Virginia Coalfield Economic Development Authority (VCEDA) recently closed on an up to $90,000 loan to help with the establishment of a new cidery and restaurant in Norton. The loan from the VCEDA Tourism Capital Improvement Matching...read more
WARDELL, VA – APRIL 3, 2019 -- An up to $77,000 grant requested by the Southwest Virginia Community College Educational Foundation from the Virginia Coalfield Economic Development Authority (VCEDA) to be used to conduct a feasibility study for a proposed regional...read more
WEBER CITY, VA – March 27, 2019 -- An up to $300,000 loan to the Scott County Economic Development Authority (EDA) to develop a new site in the southern end of the county was closed Tuesday by the Virginia Coalfield Economic Development Authority. The funds will be...read more
BLUEFIELD, VA – March 13, 2019 -- An up to $600,000 loan to be used to finance the purchase of equipment, machinery and tools to assist with an expansion of Lawrence Brothers, Inc., which could add as many as 28 new jobs to the Bluefield, Va., company within five...read more
WISE, VA – March 11, 2019 -- An up to $1.5 million loan to the Wise County Industrial Development Authority was closed Feb. 26 by the Virginia Coalfield Economic Development Authority (VCEDA) for the Carbon Research and Development Co. project at the Graphene Research...read more
LEBANON, VA – March 8, 2019 – Marking a 30th anniversary, the Virginia Coalfield Economic Development Authority (VCEDA) released its 2018 Annual Report showing approval of $15 million for 45 loans and grants, and reporting 41 new projects and expansions in 2018, the...read more
TAZEWELL, VA -- February 11, 2019 -- An up to a $150,000 loan from the Virginia Coalfield Economic Development Authority (VCEDA) Tourism Capital Improvement Matching Fund was closed Friday for Tazewell Cinema & Entertainment, LLC which will result in the reopening...read more
NORTON, VA – December 31, 2018 - Two Wise Countians who have been friends for years from the ballfields where their children played are bringing a new dining option to the area, partners in a business that is a recent recipient of a seed capital matching grant from...read more
TAZEWELL, VA – December 26, 2018 -- Cousins Derek Pridgen and Terrence McDonald used to talk about opening their own business -- about opening a sports bar in Tazewell, Va., where they both grew up -- a place where locals and tourists alike could drop by and meet...read more
ROSE HILL, VA. – December 22, 2018 –A long-time farming family in this Lee County community, Bobby McPherson and his father wanted to give fellow farmers in their area more options to buy and service farming equipment. In February, 38-year-old Bobby McPherson created...read more
BREAKS, VA – December 19, 2018 -- An up to $43,144 grant for infrastructure and improvements at the Breaks Interstate Park was approved and awarded to the park last week by the Virginia Coalfield Economic Development Authority (VCEDA). The grant will be used to...read more
View and Download the Chmura study. LEBANON, VA - December 14, 2018 – Celebrating its 30th anniversary, the Virginia Coalfield Economic Development Authority (VCEDA) has released the results of a study showing the total annual economic impact of VCEDA is estimated to...read more
CLINTWOOD, VA – December 10, 2018 – Showcasing the beauty and landscapes of Southwest Virginia was a motivating factor for Dickenson County native Brad Deel to establish a new business in the region that is one of the latest recipients of a seed capital matching grant...read more
TAZEWELL, VA – December 7, 2018 -- With the closing of a major retail store in the Tazewell area earlier this year, Sharon and John Thomas saw a void that perhaps they could help to fill and with the assistance of a $10,000 seed capital matching grant from the...read more
TAZEWELL, VA – December 3, 2018 -- A recent Virginia Coalfield Economic Development Authority (VCEDA) seed capital matching grant awarded to Tazewell Co. Mercantile LLC in Richlands has made a difference, according to Bond Strong, its owner, who says, “it’s meant...read more
HONAKER, VA – November 28, 2018 – Describing himself as a man of faith, Tim Whited, 36, of Honaker says his new company, Praise Aeronautics LLC, is a prayer answered and a dream. Formed in March by the Russell County native, his company offers drone operations such as...read more
A meeting of the VCEDA Projects Review Committee is scheduled for 10 a.m. April 5, 2019 at the VCEDA Office, 527 East Main Street, Lebanon, Va.
Next meeting of the VCEDA Board is scheduled for 3 p.m. April 18, 2019 at the VCEDA Office, 527 East Main Street, Lebanon, Va.
Committee Meetings: Executive - Noon; Business Development - 1 p.m.; Finance - 1:30 p.m.; Project Review - 2 p.m.; Full Board - 3 p.m.
Virginia's e-Region is marketed by the Virginia Coalfield Economic Development Authority - VCEDA - a regional economic development organization created by Virginia's General Assembly in 1988 to enhance and diversify the economic base of the seven-county, one-city, coal-producing region in southwestern Virginia. Since its creation, VCEDA has helped create more than 20,000 jobs.