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Commerce Park gets federal aid

A federal grant has been approved to provide half of the money needed to expand water and sewer service to New River Valley Commerce Park off Route 100.
The announcement was made by Ninth District Congressman Rick Boucher Thursday afternoon at the New River Valley Airport, which is adjacent to the 900-acre industrial park.
Boucher called the announcement a “significant step toward” the goal of attracting technology-based industries to the region.
“At my request, the U.S. Department of Commerce through its Economic Develop Administration is today providing a federal grant of slightly more than $3 million to aid in the expansion of water and wastewater services to Commerce Park,” Boucher said.
Joint recipients of the grant are Pulaski County Public Service Authority and Virginia’s First Industrial Facilities Authority. Virginia’s First is a group of more than a dozen New River and Roanoke Valley jurisdictions that joined together to establish the park.
However, the lack of water and wastewater systems large enough to support major industrial development has been an “impediment” to getting business into the park thus far, Boucher said.
The grant requires a 50 percent match be provided by the recipients.
In order to get the project going as soon as possible, the Pulaski County Board of Supervisors voted during a special called meeting held at New River Community College in August to approve a $3.4 million loan to the Pulaski County Public Service Authority to clear the way for the PSA to receive the grant.
At that time, David Rundgren, executive director of the New River Planning District Commission, said securing the matching funds appears to be the only thing standing in the way of the U.S. Department of Commerce Economic Development Authority grant.
Boucher said he will work with the PSA and Virginia’s First to obtain the funds needed to reimburse the county for the project, which will cost in excess of $6.5 million.
Two possible sources of the additional funds, he said, could be the United States Department of Agriculture Rural Development and the Virginia Department of Housing and Community Development.
“Hopefully, we’ll be back here in a fairly short time to make the announcement” the remaining funds have been secured, Boucher said.
Plans call for water services to come from an expansion of the City of Radford’s system if negotiations are successful. Two new pump stations would be installed at Radford’s water treatment plant and a three-mile-long 24-inch water line would be constructed from the plant to an existing water line on Route 11.
Boucher said a 700,000-gallon water storage tank, 2,000 feet of water line and 3,500 feet of wastewater line will be installed at Commerce Park.
The congressman said he is “confident of the success” of the industrial park because of the many assets the region has to offer.
Pulaski County Board of Supervisors Chairman Joe Sheffey said the grant funds are a “milestone” for economic growth in the New River and Roanoke valleys.
“Major industry does not locate without the region doing a significant amount of preparation,” Sheffey said. “Today, we are doing exactly the type of preparation we need to do. Working together is the key to not just surviving, but thriving during these times of economic concern.”
“The reward of this project will justify” the time and effort it has taken to develop Commerce Park, he said.

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Commerce Park gets federal aid

A federal grant has been approved to provide half of the money needed to expand water and sewer service to New River Valley Commerce Park off Route 100.
The announcement was made by Ninth District Congressman Rick Boucher Thursday afternoon at the New River Valley Airport, which is adjacent to the 900-acre industrial park.
Boucher called the announcement a “significant step toward” the goal of attracting technology-based industries to the region.
“At my request, the U.S. Department of Commerce through its Economic Develop Administration is today providing a federal grant of slightly more than $3 million to aid in the expansion of water and wastewater services to Commerce Park,” Boucher said.
Joint recipients of the grant are Pulaski County Public Service Authority and Virginia’s First Industrial Facilities Authority. Virginia’s First is a group of more than a dozen New River and Roanoke Valley jurisdictions that joined together to establish the park.
However, the lack of water and wastewater systems large enough to support major industrial development has been an “impediment” to getting business into the park thus far, Boucher said.
The grant requires a 50 percent match be provided by the recipients.
In order to get the project going as soon as possible, the Pulaski County Board of Supervisors voted during a special called meeting held at New River Community College in August to approve a $3.4 million loan to the Pulaski County Public Service Authority to clear the way for the PSA to receive the grant.
At that time, David Rundgren, executive director of the New River Planning District Commission, said securing the matching funds appears to be the only thing standing in the way of the U.S. Department of Commerce Economic Development Authority grant.
Boucher said he will work with the PSA and Virginia’s First to obtain the funds needed to reimburse the county for the project, which will cost in excess of $6.5 million.
Two possible sources of the additional funds, he said, could be the United States Department of Agriculture Rural Development and the Virginia Department of Housing and Community Development.
“Hopefully, we’ll be back here in a fairly short time to make the announcement” the remaining funds have been secured, Boucher said.
Plans call for water services to come from an expansion of the City of Radford’s system if negotiations are successful. Two new pump stations would be installed at Radford’s water treatment plant and a three-mile-long 24-inch water line would be constructed from the plant to an existing water line on Route 11.
Boucher said a 700,000-gallon water storage tank, 2,000 feet of water line and 3,500 feet of wastewater line will be installed at Commerce Park.
The congressman said he is “confident of the success” of the industrial park because of the many assets the region has to offer.
Pulaski County Board of Supervisors Chairman Joe Sheffey said the grant funds are a “milestone” for economic growth in the New River and Roanoke valleys.
“Major industry does not locate without the region doing a significant amount of preparation,” Sheffey said. “Today, we are doing exactly the type of preparation we need to do. Working together is the key to not just surviving, but thriving during these times of economic concern.”
“The reward of this project will justify” the time and effort it has taken to develop Commerce Park, he said.

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