Southwest Virginia’s Energy Economy
November 19, 2009
Virginia’s e-Region is a perfect U.S. alternative to off-shoring
Virginia’s e-Region is located in southwestern Virginia and is an emerging East Coast center for key areas for modern business - electronic information technology, energy, education and emerging technologies.
A trendsetter in broadband access in rural America, Virginia’s e-Region has the workforce, low costs, tailored training and way of life that makes employers and their employee families very happy.
Virginia’s e-Region is a perfect U.S. alternative to off-shoring.
Marketed by the Virginia Coalfield Economic Development Authority
Historically referred to as the coalfield region of the Commonwealth, Virginia’s e-Region is marketed by the Virginia Coalfield Economic Development Authority, a regional economic development organization created by Virginia’s General Assembly in 1988 to enhance and diversify the economic base of the seven-county, one city, coal-producing region.
Virginia’s e-Region includes Lee, Wise, Scott, Buchanan, Russell, Tazewell and Dickenson counties and the City of Norton.
The Virginia Coalfield Economic Development Authority - VCEDA - operates several unique incentive and financing programs to encourage new job creation and economic diversification. VCEDA provides financial support for fixed assets, construction of buildings for sale or lease, installation of utilities and direct loans to private for-profit basic employers and industrial development authorities. Financing is based in part upon the number of new jobs created, wage rates and amount of private investment.
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