FRANKLIN COUNTY, Va. (WFXR) — On Wednesday, the U.S. Department of Commerce’s Economic Development Administration (EDA) awarded a $4.7 million grant to Franklin County to support business growth by improving roadway infrastructure within the Summit View Business Park.
According to Franklin County officials, the funds will be used to construct an internal roadway infrastructure in order to support current and future businesses within the Summit View Business Park. The project will also provide an alternative shipping route to US-220 in the business park.
The road connection between the north and south regions of the park is estimated to cost up to
$13.85 million depending on construction timing.
In addition to the federal grant, Franklin County has received funding from the Virginia Department of Transportation’s Smart Scale program and has applied for VDOT Revenue Sharing dollars to construct the roadway.
This grant will also help to build infrastructure to support the $43 million in private investment announced by Traditional Medicinals, ValleyStar Credit Union, and Stik-Pak Solutions in the park as well as help create 83 new jobs and retain 53 current jobs at these companies.
County officials say the companies locating within the Summit View Business Park will provide new high-wage employment opportunities to local residents, those that live in Franklin County, and those that commute from surrounding areas.
Franklin County officials say they will continue to develop recreational and other amenities
within Summit View.
“With the help of the U.S. Department of Commerce, Franklin County will continue its long-term pursuit of a brighter future for all its citizens and businesses. On behalf of the citizens of Franklin County, we want to thank the Department of Commerce, the Secretary, and the staff of the Department’s Economic Development Administration for their support and belief in Franklin County.”Leland Mitchell, Franklin County Board of Supervisors Chairman
According to a press release, design work on the new road is expected to begin in early 2021 with a target opening of the road in 2023
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