Martinsville Schools to Unveil New Website Kim Barto Meeks up the School Sites,” She Said
Saturday, October 19, 2019 Vol. 1 No. 8 (USPS-6) www.henrycountyenterprise.com • $1.00 City positioned for development with new tourism zone designation Kim Barto Meeks velopers as part of the city’s pending on the size of the Staff writer enterprise zone, “but the big project. incentive is ‘gap financing.’ A There is no “one size fits The entire city of Mar- developer of a tourism project all” list of incentives because tinsville is now officially a can have difficulty obtaining the ordinance is designed to tourism zone, in a move city that last half a million dollars allow the city to customize leaders hope will attract new in funding through the con- the economic incentive pack- development. ventional financing market. age for each project, Monday At its Oct. 8 meeting, The Virginia Department of said. This could include mea- Martinsville City Council Tourism will underwrite that sures to streamline the pro- approved an ordinance on funding at a significantly cess, waiver of some permits, second reading that estab- lower interest rate, but it has and limited tax incentives. lishes the city as a tourism to be in a locality that’s cre- Martinsville’s ordinance zone as allowed by the code ated a tourism zone before is modelled after those in Paint the Town 5k of Virginia. The designation they will make that funding Staunton, Fredericksburg, allows local governments to available.” and Lynchburg. Monday said offer economic incentives Funding is intended for this funding was “instrumen- and makes it easier for devel- new, tourism-related devel- tal” in developing Staunton’s held to benefit CHILL opers to obtain state funding opments that range from Stonewall Jackson Hotel, a for large-scale building proj- millions to tens of millions of big parking garage, and other Runners and walkers of all tinsville and Henry County that ects, such as new hotels or dollars in cost, Monday said.
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