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Halifax County IDA holds off grant request for industry prospect

SoVaNow.com / September 20, 2018
The Halifax County IDA has withdrawn its request to the Tobacco Commission for a grant of $725,000 for “Project Noon,” according to Matt Leonard, executive director of the Halifax County Industrial Development Authority, t

Project Noon has been described as an advanced manufacturing prospect based in the United Kingdom with over three decades of successful operation in the aerospace industry.

Leonard announced the withdrawal of the request which was supposed to have been approved Wednesday, when the Tobacco Regional Revitalization Commission held its meeting in Floyd County.

On Tuesday, Leonard said Project Noon leaders are making their final decision now about where they will locate their first plant in the United States. But that decision will not come in time to meet the Tobacco Commission’s meeting.

Leonard said the prospect is continuing to do its due diligence but it would not be ready for the Tobacco Commission’s Wednesday meeting.

Leonard said the Authority plans to seek the grant from the Commission at its next funding cycle.

Halifax County had sought the funding to build out space at the former Daystrom Furniture building located in Sinai or possibly at the new shell building planned for advanced manufacturing on U.S. 58.

The total budget for the project was estimated at $1.45 million with completion slated for March.

In making the earlier application for the grant, the Authority had noted that the new shell building will be ready to break ground in the Southern Virginia Technology, but the money, if approved, would be used not for construction, but rather to customize whichever site is chosen by the company.

The company is said to be looking at adding at least 50 new jobs paying an average annual salary of $41,000. It is also expected to pay $3.4 million tax revenue for the county.





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