Governor Northam Announces More Than $1.4 Million in Industrial Revitalization Funds
10.30.2019
Governor Ralph Northam today announced $1,440,000 in Industrial Revitalization Fund (IRF) grants for the towns of Bedford and St. Paul, and the cities of Covington and Richmond. IRF grants provide gap financing for construction projects aligned with local and regional economic development strategies, primarily in distressed communities. Governor Northam made the announcement at Virginia Union University, where IRF funding will support a project to redevelop the historic Industrial Hall building into a Center for African American History and Culture.
