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<br />January 27, 2009
<br />provide this information to the U. S. Department of Commerce Economic Development
<br />Administration. The list includes:
<br />COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY
<br />PRIORITY PROJECTS
<br />July 1, 2009 - June 30, 2010
<br /> ENVIRON- NO.
<br /> FUNDING MENTAL OF
<br />PROJECT PRIORITY DESCRIPTION SOURCE AMOUNT TOTAL IMPACT JOBS
<br />Revitalization Purchase and prepare land,
<br />of Uptown build hotel and parking EDA $7,000,000 $9,000,000 positive 200
<br />Business deck around proposed arena
<br />District in site uptown. CDBG $2,000,000
<br /> Incentivize small businesses
<br />Martinsville, VA (interior makeover/elevator) EDA $900,000 $900,000 positive 80
<br /> Rental Voucher Program EDA/HUD $300,000 $300,000 N/A Indirect
<br /> Construct/Retrofit Condo Units
<br /> in Uptown EDA $1,000,000 $2,000,000 Positive 15
<br /> DHCD $300,000
<br /> VHDA $500,000
<br /> City $200,000
<br />Community Purchase blighted properties,
<br />Development 1 prepare sites Brownfield $400,000 $825,000 Assess 1 st 100/lndirect
<br />Projects - Martinsville Area for developers (Draper/Holt
<br />&CBD Bldg.l600 W Church St) EDA $325,000
<br /> City $100,000
<br /> Forgivable loan for historic
<br /> property to rehab and reuse EDA $500,000 $500,000 N/A 50
<br /> for the Orange & White
<br /> Building
<br /> Purchase and prepare land in
<br /> arena area for develop. On the EDA $1,500,000 $2,000,000 Positive 200
<br /> Moss/Market/Church lot CDBG $500,000
<br /> Rives Road - Supporting
<br /> Residential Dev. Of former
<br /> Factory CDBG $300,000 $300,000 Positive 100/lndirect
<br /> Rives Road Site Development
<br /> - full site dev. Including A&E EDA $1,400,000 $1,400,000 Positive 400
<br /> site grading.
<br /> Further develop 12-acre lot at
<br /> Clearview Business Park to EDA $750,000 $750,000 Positive 200+
<br /> prepare for companies.
<br /> Upgrade electrical capacity at
<br /> Clearview EDA $2,000,000 $2,000,000 Positive 25
<br /> Complete brownfield site -
<br /> Sara Lee/American Furniture EDA $3,000,000 $3,500,000 Positive 300
<br /> A&E, grading, make build
<br /> ready. Brownfield $500,000
<br />Clean Energy Recruit manufacturers of
<br />Encouragement Clean Energy Components EDA $100,000 $100,000 Positive 200
<br />Uptown to Martinsville area and
<br />Martinsville enterprise zone
<br /> Complete Construction of rail
<br /> trail for walking/biking EDA $50,000 $75,000 Positive Indirect
<br /> City $25,000
<br /> Retrofit city hall and schools in
<br /> Martinsville to accommodate EDA $750,000 $750,000 Positive Indirect
<br /> energy efficient products
<br /> Extract methane to produce
<br /> electricity - former landfill EDA $600,000 $600,000 Positive 50/lndirect
<br />City of Rehabilitation of closed
<br />Martinsville . building once used by textile/ EDA $1,500,000 $2,450,000 Positive 250
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