CLINTWOOD, VA – May 18, 2018 – The Virginia Coalfield Economic Development Authority (VCEDA) participated in today’s announcement by Gov. Ralph Northam about a new employer bringing 40 new IT jobs to the region.

At its February 15 meeting, the VCEDA Board approved an up to $2 million loan to the Dickenson County Industrial Development Authority (IDA) to build-out the second floor of a building in the Dickenson County Technology Park in Clintwood for Science Applications International Corporation (SAIC) that will create approximately 40 information technology (IT) service desk jobs.  A loan closing on the VCEDA loan was held May 11 prior to the announcement.

Under a contract with the Virginia Information Technologies Agency (VITA), the SAIC staff in these new technology jobs will respond to and assist 55,000+ state employees who have questions or need assistance with IT.

“VCEDA was very pleased to be able to assist Dickenson County and SAIC on this project.  We are excited about SAIC locating in Clintwood and the new jobs that will be created with this operation,” said Jonathan Belcher, VCEDA executive director/general counsel.

About Virginia Coalfield Economic Development Authority and Virginia’s e-Region: The Virginia Coalfield Economic Development Authority, created by the Virginia General Assembly in 1988 to enhance and diversify the region’s economy and help create jobs, markets Virginia’s e-Region and its focus on electronic information technology, energy, education and emerging technologies. VCEDA is a unique economic development organization that manages funds for economic development projects from a percentage of the coal and natural gas severance taxes paid by coal and natural gas companies that operate in the region. Located in southwestern Virginia, the region includes Buchanan, Dickenson, Lee, Russell, Scott, Tazewell, and Wise counties and the City of Norton. www.vaceda.org or www.e-Region.org.

VCEDA closed the up to $2 million loan to the Dickenson County IDA on May 11. In photo, from left, are: Danny Lambert, Secretary/Treasurer, Dickenson County IDA; Talbert Bolling, Chairman, Dickenson County IDA, Jonathan Belcher, VCEDA Executive Director/General Counsel; and Mitzi Sykes, Director, Dickenson County IDA.