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Upper Magnolia Green project gets $25 million grant
February 8, 2023
The Upper Magnolia Green development in Chesterfield County received a boost in the form of a $25 million state grant, which will accelerate the project’s progress.
The grant comes from the Virginia Business Ready Sites Program, which identifies and assesses sites that are ready for enhanced development.
Gov. Glenn Youngkin announced that the VBRSP, administered by the Virginia Economic Development Partnership, would provide a total of $90 million in development funding for 21 site projects across the commonwealth. Upper Magnolia received the largest grant of all 21 sites.
The $25 million will go toward infrastructure design, additional lot space and utility improvements at the county-owned property near Moseley.
“This announcement provides Chesterfield with a tremendous opportunity to have the Upper Magnolia property ready for a major development opportunity at the earliest possible time,” said Kevin Carroll, Chesterfield Board of Supervisors chair, in a statement. “Upper Magnolia will be highly attractive to potential projects because we have access to a large highly skilled workforce in the region.”
Read the full story here.
- Topics:
- Chesterfield County
