A $24 million project to grade a 150-acre lot at the Commonwealth Crossing Business Centre in Henry County, Virginia, is set to receive a multi-million dollar investment. This project is made possible by a $22 million state grant and a matching $6 million grant from the Harvest Foundation.
The lot, which is unique in Virginia as it has access to rail and full utilities, is expected to take a couple of years to complete. However, there is potential to expedite the timeline if a company shows interest in the lot before then.
Economic development leaders are excited about this investment as it has the potential to create new opportunities for businesses in Henry County and positively impact the local economy. Brandon Martin, the county’s public information officer, stated that economic development is a key focus for the board of supervisors and that this project is a significant step forward for the community.