WASHINGTON – U.S. Sens. Mark R. Warner and Tim Kaine (both D-VA) announced $1,200,000 in federal funding from the Appalachian Regional Commission (ARC) for Henry County. This funding will go towards improving 3,550 linear feet of Reservoir Road and updating gravel roadways to meet Virginia Department of Transportation (VDOT) standards. The project will support the creation of 400 new jobs, help leverage approximately $188 million in private investments, and improve access to the Commonwealth Crossing Business Centre, a development for advanced manufacturing.
“We’re pleased that more infrastructure dollars are headed to Henry County,” the senators said. “This project is another key investment in creating jobs, connecting people to local industry, and making our roads safer and stronger for decades to come.”
In addition to the ARC funds for this project, Henry County will provide $445,000, bringing the total to $1,645,000.
ARC is an economic development agency of the federal government and 13 state governments that innovates and invests to build community capacity and strengthen economic growth in 423 counties across the Appalachian region. Since 1965, ARC has invested $4.5 billion in approximately 28,000 economic development projects across Appalachia, attracting over $10 billion in matching project funds.