Meetings

• 6:30 pm
• Fourth Thursday of every month
• Town Hall
  101 Thompson St.
  P.O. Box 1600
  Ashland, VA 23005

Members

The seven directors of the EDA are appointed by Town Council to four-year staggered terms.

Darrell Leftwich
Serving Since: January 2011
Term Expires: December 2020

Marnie Triscari
Service Since: January 2012
Term Expires: December 2020

Jack Zemp
Serving Since: April 2015
Term Expires: December 2018

Stacey Woodbridge
Serving Since: April 2015
Term Expires: December 2018

Charlie Martin
Serving Since: April 2015
Term Expires: December 2018

Tim Shelton
Serving Since: June 2015
Term Expires: December 2018

Thomas Russell
Serving Since: January 2017
Term Expires: December 2020

Purpose

The EDA meets to consider requests for approval of tax exempt borrowing for economic development purposes. The EDA administers loan, grant and bond programs which support economic growth and vitality.

Economic Development Authority (EDA) Loans & Grants

 

• Infrastructure Forgivable Loan -

  The Infrastructure program is designed to assist business and property owners with costs associated with site-readiness infrastructure such as water and sewer. The loan can be forgiven if the awarded applicant satisfies all goals and objectives set forth in the approved plan.




• Demolition Forgivable Loan - application

  In appropriate circumstances, funds for demolition can be granted from the EDA. As with the Infrastructure program, the loan can be forgiven if the awarded applicant satisfies all goals and objectives set forth in the approved plan.




• Revitalization Grant - application

  This program is designed to support reinvestment in distressed or historic properties. Scoring priority is given to those projects considering a scope of significant restoration or for properties in a high-visibility corridor. This is a rolling grant program with no deadline for submission.




• Interstate 95 Corridor Restaurant Incentive Program - application 

This program is designed to help offset the cost to redevelop restaurant  sites in the Interstate 95 Hospitality Incentive area. An incentive of up to  $550,000 in total over up to 6 years is available to restaurant projects  which meet the program requirements. 

• Interstate 95 Corridor Hotel Incentive Program - application
  

This program is designed to help defray the cost to redevelop hotel sites in the Interstate 95 Hospitality Incentive Area. An incentive of up to $550,000 in total over up to 6 years is available to qualifying hotel projects. For more information, contact Joe Topham, Business Retention & Expansion Manager at (804) 798-1073 or jtopham@ashlandva.gov.