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February 12, 2005 <br /> <br /> WHEREAS, while these efforts show enormous promise, more <br /> must be done. Virginia needs to adopt new approaches to rural <br /> economic development; and, <br /> WHEREAS, we must draw on the strengths of existing industries <br /> and community assets, and help prepare workers for the <br /> competitive challenges of the future. <br /> AND WHEREAS, Governor Warner has proposed a rural economic <br /> development initiative, called Virginia Works, involving Support for <br /> Existing Industry, a Significant Regional Project Fund, a Tourism <br /> component, Advanced Manufacturing initiatives, a Specialty <br /> Agriculture program, a Virginia Community Development Bank, <br /> more effective use of Federal New Market Tax Credits, and New <br /> Site Redevelopment Funding; now, therefore <br /> BE IT RESOLVED THAT Virginia Works represents this new <br /> approach to economic development. It is a series of carefully <br /> targeting investments totaling $20.86 million that will create new <br /> jobs and build the foundation for a stronger future in our rural <br /> communities. <br /> AND BE IT FURTHER RESOLVED by the Council of the City of <br /> Martinsville, Virginia, assembled February 12, 2005, that it does <br /> hereby requests the General Assembly to appropriate the $20.86 <br /> million needed for the Virginia Works program. <br /> <br /> There being no further business to come before Council during their summit <br />meeting, upon motion by Council Member Clark, duly seconded, by unanimous vote, <br />Mayor Cobbe declared the meeting adjourned at 2:45 P. M. <br /> <br /> <br />