The towns of Vinton, Warsaw and Wytheville will receive a total of more than $1.4 million in state industrial revitalization fund (IRF) grants, Gov. Ralph Northam announced Friday.
IRF funding provides gap financing for redevelopment projects that can lead to long-term employment opportunities.
“This funding will not only help transform deteriorating or unused structures, it will bring purpose and new opportunity to the surrounding communities,” Northam said in a statement. “With these three projects, we are making important investments in our future. As we focus on recovering from the impacts of the pandemic, our administration remains focused on driving economic growth to every corner of the commonwealth, especially in rural Virginia.”
