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An important component of our economic development strategy is the promotion of our region’s tourism economy. Southwest Virginia’s many natural assets afford residents with new and greater economic opportunities, including the creation and expansion of small, locally owned businesses to serve the increasing numbers of tourists who visit our area. That is why I have secured more than $1.6 million in federal funding to enable the creation of and subsequent provision of additional capital for the Ninth District Development Fund. Small business owners and non-profit entities are eligible to apply for funding through this program for projects that enhance tourism, create jobs and expand economic development in the Ninth Congressional District. To date, more than ten projects have received financial assistance as a result of this funding. It’s one meaningful way in which our region is promoting our cultural and outdoor assets to build a stronger economic future. Rick Boucher |
The Ninth District Development Financing Fund loan allowed Chateau Morrisette to construct a new water storage system consisting of .two storage tanks, booster pumps and water lines leading from the tanks and connecting both of our buildings. The new water system enabled us to increase our water storage capacity and provide potable water for continued operation of our winery, restaurant and related facilities... more |
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More Success Stories |
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Tourism and Economic Development Program administered by: People Incorporated of Virginia www.peopleincorp.org - (276) 623-9000 |
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