Businesses in Virginia to receive funding through a downtown redevelopment plan
1 Jul 2020
The city of Virginia and the Virginia Economic Development Authority (VEDA) last week celebrated the commencement of its Downtown Redevelopment Grant Program with a ribbon cutting ceremony in front of Canelake’s Candies on main street.
The new program is anticipated to renovate up to 12 commercial properties that are currently substandard and/or blighted and located in the city-designated Redevelopment District. Canelake’s is the first business to receive a redevelopment grant. The iconic family-owned candy store, which was founded in 1905, acquired an adjacent blighted building and is renovating it to accommodate an expansion.