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Virginia Stories and Impact

State Fact Sheet

Note: the jobs totals in this fact sheet are through 2015 and they include a combination of direct, indirect, and induced FTE jobs and construction jobs. The “total investment” number refers to the total project investment (not NMTC allocation) in the state through the second quarter of 2020.

It’s almost like it was waiting for us. It was meant for us. We will have the leadership team under one roof for the first time ever, which will be amazing.

Community Testimonials​

Karen Stanley, CEO, CARITAS, VA

It’s almost like it was waiting for us. It was meant for us. We will have the leadership team under one roof for the first time ever, which will be amazing.

Virginia NMTC Videos

Virginia NMTC Stories

2008
NMTC financing supported the construction of an R&D laboratory and research center. The new facility includes wet/dry labs, office space, and other research amenities….
2020
The Anna Julia Cooper Episcopal School (AJCES) is the only tuition-free private school serving elementary and middle school students in the East End of…
2020
Renovation of the 166,276 SF, four-story Richmond Times Dispatch (RTD) building, consisting of a reconfigured and updated home for RTD personnel, a corporate headquarters…
2020

Lebanon, VA 

Equipment purchase for state of the art 76,000 SF injection molding manufacturing facility which creates plastic caps and enclosures for use in the food…
2020

Danville, VA 

Equipment financing for the expansion of a salad dressing manufacturer. Company expanded production to a add new equipment lines to increase volume of production…
2019
The second phase of renovation of an old hospital into classrooms, lecture halls, laboratories, and clinical space for E and H graduate programs….
2008
Description Our Health Community Services Complex Phase II involved the rehabilitation of an historic facility that expanded the provision of public and private health…
2011
In July 2011, Hampton Roads Ventures invested $9,730,000 in the Roanoke City Market Building, a Certified Historic Structure and former center of commerce and…
2006

Roanoke, VA 

Adaptive and reuse redevelopment of an 83-year-old historic theater that housed the offices of celebrated African American filmmaker Oscar Micheaux in the 1920s. The…
2017
Commonwealth Crossing Business Centre is a modern business and technology park designed to attract major manufacturers with the potential to add value to the…
2018
Construction loan for mixed-use development with grocery store, pharmacy, credit union, community space….
2013

Richmond, VA 

The Carpenter Theatre first opened its doors in 1928 as a Loew’s Theater for moving pictures….
2019

Richmond, VA 

The rehabilitation of the vacant Philip Morris Blended Leaf Complex in downtown Richmond, Virginia into a new headquarters for Congregations Around Richmond To Assure…
2006

Norfolk, VA 

The Norfolk Ship Repair and Drydock Company, located in the South Brambleton Redevelopment Area of Norfolk, VA….
2015

Martinsville, VA 

NMTCs enabled Monogram Snacks to expand their facility in Martinsville, VA by 56,000 sq. ft. and renovate space in the original production plant….
2017

Martinsville, VA 

The Martinsville Clean Energy project successfully combined Investment Tax Credits and New Markets Tax Credits for the design, construction and installation of state-of-the-art clean…
2008

Lynchburg, VA 

Two medical services facilities designed to provide services to the elderly and the medically under-served…
2012

Lawrenceville, VA 

Bio-fuels producer from post recycled municipal solid waste: MRC provided equity like loans to Fiberight for the acquisition and installation of equipment at its…
2008

Duffield, VA 

Development of 26,500 sq. ft. medical office building which has tripled the available physicians from two to six, provided a full-service state-of-the-art Outpatient Diagnostic Center,…
2018

Dublin, VA 

NMTC financing helps jump-start recycling plant in rural Virginia….
2016

DANVILLE, VA 

The City of Danville, Virginia was founded in 1793 and chartered in 1830. Like so many other manufacturing areas that have lost their traditional…
2011

Culpepper, VA 

In 2007, Octagon Partners, a national real estate investment firm, purchased two historic buildings in downtown Culpeper, Virginia and announced plans to revitalize the…
2010
Construction of affordable, for sale housing….
2018

Bristol, VA 

Adaptive reuse of local landmark as a boutique hotel and centerpiece of downtown revitalization efforts….
2011

Arrington, VA 

The construction of a $7.2M medical center and dental clinic which provide comprehensive medical and dental care, as well as rural health outreach programs,…
2005

Alexandria, VA 

This suburban style shopping center is located just south of Alexandria, Virginia and just four miles north of Mount Vernon, home to George Washington….