Advantage Valley Secures $ 3.4 Million Grant
Aerial view of the Vossloh Track Building .
Advantage Valley , Inc . has announced a grant award of $ 3.4 million from the U . S . Economic Development Administration ( EDA ) to spearhead the transformation of the Vossloh Track Building in Poca , WV . These funds will leverage an additional $ 1.9 million from the state of West Virginia . Interim financing will be provided by Poca Valley Bank . This substantial project is poised to revitalize the former manufacturing plant and support job creation and private investment in the Advantage Valley region .
“ This EDA investment will support infrastructure improvements at the former Vossloh Track Building that will grow economic opportunity , support job growth and spur
private investment in Charleston ,” says U . S . Secretary of Commerce Gina Raimondo .
In 2023 , Advantage Valley entered into a contract to purchase the 118,000-square-foot manufacturing facility known as the Vossloh Track Building . Advantage Valley expects to put a vacant , dilapidated building back into productive use by attracting good-paying manufacturing jobs to the region . Advantage Valley seeks one or more tenants for the building after a projected 18 months of renovation .
“ This project adds valuable inventory to the available sites for companies seeking to expand or relocate in this region ,” says Terrell Ellis , president and CEO of Advantage Valley . “ We recognized the demand for large manufacturing facilities and worked with our many partners to make this a priority project . This substantial investment will have a consequential impact on the region .”
Senator Shelley Moore Capito and Senator Joe Manchin echo Raimondo ’ s support for the project .
“ I look forward to the positive impact it will have on the Charleston area for years to come ,” Capito says .
According to Manchin , the EDA continues to be a strong partner for bolstering West Virginia ’ s economy , and this announcement is proof of that .
“ Renovating the former Vossloh Track Building will create good-paying jobs and spur economic opportunity throughout the entire Metro Valley ,” he says .
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