Project Type(s): Incubator and Manufacturing
Project Year: 2017
CDE(s): People Incorporated Financial Services, SunTrust, and The Innovate Fund
NMTC amount: $13,000,000
Total Project Costs: $14,280,222
Commonwealth Crossing Business Centre (CCBC) is a modern business and technology park designed to attract major manufacturers with the potential to add value to the local economy and create thousands of new jobs. A key component of securing business investment is ensuring that the Henry County region has an ample supply of skilled labor. Target industries such as food processing operate in highly sterile environments with stringent procedures that employees must know and follow. Likewise, other target industries, such as pulp and paper, plastics and rubber, need workers to manage advanced supply chain logistics and understand how to program and troubleshoot automated assembly lines. Local officials knew that no matter how robust CCBC’s infrastructure and other assets may be, unless they could guarantee a skilled workforce, their efforts to attract major manufacturing investment would fall short.
Additional Project Profiles:tax-credits-helps-henry-county-move-forward-on-advanced-manufacturing-train
Address: 870 Commonwealth Crossing parkway, Ridgeway, VA