About VCEDA

Helping create jobs in Virginia’s e-Region

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 in 1988, VCEDA has helped bring over 20,000 jobs and more than $204 million in approved funding for 303 projects throughout the coalfield region.

The region includes Lee, Wise, Scott, Buchanan, Russell, Tazewell and Dickenson counties and the City of Norton. It is an emerging East Coast center for key areas for business – electronic information technology, energy, education and emerging technologies.

A trendsetter in broadband and 4G wireless access in rural America, Virginia’s e-Region has low costs of doing business, the workforce, tailored training, available buildings up to 285,000 sq. ft., sites up to 800 acres in new technology and business parks, and a  way of life that makes employers and their employee families very happy.

To encourage diversification and create new jobs, VCEDA manages unique financing programs funded by taxes paid by the coal and natural gas industries in the region.

Financing is based in part upon the number of new jobs created, wage rates and amount of private investment.

To find out more about VCEDA’s financing programs, Click Here.

Unique incentive and financing programs to encourage job creation and economic diversification.

*Financial support for:

  • Purchase of real estate
  • Site grading
  • Building construction
  • Equipment and machinery
  • Industrial parks
  • Direct loans to private, for-profit employers & industrial development authorities

* Financing is based in part upon the number of new jobs created, wage rates and amount of private investment.

VCEDA Board

VCEDA Staff

 

 

 

 

Virginia Coalfield Economic Development Authority 

P.O. Box 1060
527 East Main Street
Lebanon, Virginia 24266
Phone: 1-800-735-9999
Email: mail@e-region.org

LATEST NEWS

Region VII Schools Perform Best in State in Multiple SOL Test Categories

Adria Auto & Truck Repair Receives VCEDA Seed Capital Matching Grant

VCEDA Closes Loan on Conaway Broadband Service Expansion in Buchanan County

VCEDA Seed Capital Matching Grant Awarded to No Holds Barred Sauces

Seed Capital Matching Grant Awarded to The Juice & Her

3 Guys Transport Awarded VCEDA Seed Capital Matching Grant

VCEDA Awards Seed Capital Matching Grant to Haysi Supply

VCEDA Approves $1 Million Loan for Mountain Top Timber Products Expansion

VCEDA Project Review Committee will meet at 1 p.m. September 28 at the VCEDA Office, 527 East Main Street, Lebanon, VA

Next scheduled meeting of the VCEDA Board is at 3 p.m. October 18, 2018  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.

QUICK OVERVIEW

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.