Lonesome Pine Regional Industrial Facilities Authority
The Lonesome Pine Regional Industrial Facilities Authority (LPRIFA) is a multi-jurisdictional organization that was officially established in 2019. The LPRIFA encompasses the Southwestern Virginia counties of Dickenson, Lee, Scott, and Wise and the City of Norton.
The LPRIFA operates under guidelines set forth by the Code of Virginia section 15.2-6400 and provides an economic development model that allows communities to pool their resources to invest and build a new economy for Southwest Virginia. The RIFA model then allows localities to share in the revenues realized from those investments. The creation of employment opportunities is a priority and underlying purpose for many of the LPRIFA’s projects.
Projects include the creation of new industrial and agricultural infrastructure, improvements to connectivity, improvement to the quality of life, providing sustainable and attractive housing, and establishment of economic stimulating initiatives throughout the entire LPRIFA region.
The mission of the LPRIFA is particularly important to the Southwest Virginia region, a region where the traditional and historical economies of coal and tobacco have experienced a down turn in recent years.
The formation of the LPRIFA promotes and creates an environment that provides ownership to the 5 member Southwest Virginia communities regarding their economic future.
The LPRIFA meets on the first Monday of each quarter with the location of the meeting rotating between the participating localities.
For more information on the Lonesome Pine Regional Industrial Facilities Authority, contact the Lonesome Pine Regional Industrial Facilities Authority c/o The LENOWISCO Planning District Commission located at 372 Technology Trail Lane, Suite 100 Duffield, Virginia 24244 or call (276) 431-2206.
The LPRIFA operates under guidelines set forth by the Code of Virginia section 15.2-6400 and provides an economic development model that allows communities to pool their resources to invest and build a new economy for Southwest Virginia. The RIFA model then allows localities to share in the revenues realized from those investments. The creation of employment opportunities is a priority and underlying purpose for many of the LPRIFA’s projects.
Projects include the creation of new industrial and agricultural infrastructure, improvements to connectivity, improvement to the quality of life, providing sustainable and attractive housing, and establishment of economic stimulating initiatives throughout the entire LPRIFA region.
The mission of the LPRIFA is particularly important to the Southwest Virginia region, a region where the traditional and historical economies of coal and tobacco have experienced a down turn in recent years.
The formation of the LPRIFA promotes and creates an environment that provides ownership to the 5 member Southwest Virginia communities regarding their economic future.
The LPRIFA meets on the first Monday of each quarter with the location of the meeting rotating between the participating localities.
For more information on the Lonesome Pine Regional Industrial Facilities Authority, contact the Lonesome Pine Regional Industrial Facilities Authority c/o The LENOWISCO Planning District Commission located at 372 Technology Trail Lane, Suite 100 Duffield, Virginia 24244 or call (276) 431-2206.
Recent Article(s) on the Lonesome Pine RIFA
www.timesnews.net/Business/2019/12/20/Tobacco-Commission-funds-Big-Stone-Gap-business-project.html?ci=content&lp=1&p=1
http://bjournal.com/tobacco-commission-announces-250k-grant-to-town-of-big-stone-gap-for-co-working-space/
#strongertogether, #LPRIFA
www.timesnews.net/Business/2019/12/20/Tobacco-Commission-funds-Big-Stone-Gap-business-project.html?ci=content&lp=1&p=1
http://bjournal.com/tobacco-commission-announces-250k-grant-to-town-of-big-stone-gap-for-co-working-space/
#strongertogether, #LPRIFA