Bloomberg BNA, a wholly-owned subsidiary of Bloomberg L.P., the global business, financial information and news leader, will invest $5.5 million to expand in Arlington County, including the consolidation of its operations currently based in Maryland. Virginia successfully competed against Maryland and Washington, D.C. for the project, which will retain approximately 1,000 jobs and create up to 125 new jobs over three years. 

CDFA is accepting session submissions for the 2017 National Development Finance Summit in Atlanta this November. Session submissions on deals, projects or programs that include multiple funding sources are highly encouraged. Submissions are due by May 12, 2017.

Representatives from three counties in Virginia's coalfields region are supporting Gov. Terry McAuliffe's budget amendment blocking transfer of funds from a local economic development authority for creation of an international marketing initiative.

Legislation making qualified data center facilities exempt from Virginia's sales and use taxes went into effect in 2009. To qualify, data center providers must spend at least $150 million and create between 25–50 new jobs in the area. Those tax breaks have since been extended through 2035, providing long-term visibility into operating costs for data center operators. 

Karn Custom Woodwork (KCW), an architectural millwork manufacturing and installation company, will invest $2.55 million to expand its headquarters and manufacturing operation in the City of Richmond. Virginia successfully competed against Maryland and Washington, D.C., for the project, which will create 30 new jobs.

Virginia Governor Terry McAuliffe announced that Shamrock Farms, one of the largest family owned-and-operated dairies in the U.S., will invest more than $40 million to expand its operation in Augusta County. The company will also commit to sourcing an additional $24 million in Virginia milk. This project will create more than 70 jobs and will more than double Shamrock Farms' production capacity and workforce.

Universal Companies, the leading single-source supplier of spa products, will invest $1.5 million to expand its distribution operation in Washington County. Virginia successfully competed against Tennessee for the project, which will create 30 new jobs. Governor McAuliffe approved a $90,000 grant from the Commonwealth's Opportunity Fund to assist the County with the project.  

The Virginia Economic Development Partnership worked with Frederick County to secure an Amazon project to establish an e-commerce warehouse and distribution operation. The company will be eligible to receive a Major Business Facility Job Tax Credit, and funding and services to support the company's employee training activities will be provided through the Virginia Jobs Investment Program.

This course brings TIF deal-making and best practices into focus through a two-day program targeting the entire TIF community including economic developers, public agency representatives, bond issuers, legal professionals, developers, financial advisors, and other stakeholders. 

The Intro Food Systems Finance WebCourse examines the development finance programs that sustain a local food system and how investments in that system can drive economic development on a broader scale. Topics covered include federal, state, and local sources of capital, stakeholders involved in the financing process, and case study examples that showcase the variety of financing programs.

State Partner

Supporting Sponsor