Gov. Ralph Northam on Thursday afternoon announced that BRD Extraction LLC, doing business as Blue Ribbon Extraction, will invest $3.26 million to establish Virginia’s first large-scale industrial hemp processing and cannabidiol oil extraction facility in the town of South Boston.

The project will create 22 new jobs and the company has committed to sourcing over 90% of hemp purchases from Virginia growers, resulting in more than $70 million in payments to Virginia farmers over the next three years. Using state-of-the-art equipment, the company expects to be able to process up to 5,000 pounds of industrial hemp per day, primarily grown by local farmers, most of whom are current or former tobacco farmers.

“Encouraging the development of new markets for Virginia farmers is one of our top priorities for growing the Commonwealth’s agricultural economy,” said Northam. “I am pleased to see that industrial hemp continues to create opportunity and economic vibrancy in rural Virginia, and I congratulate Halifax County, Blue Ribbon Extraction, and all other partners involved in bringing this important new processing capacity to our Commonwealth.”

“There has been tremendous growth in Virginia’s industrial hemp industry, creating new opportunities for rural communities to thrive,” said Secretary of Agriculture and Forestry Bettina Ring. “By locating this large processing facility in an emerging geographic center of industrial hemp production, Blue Ribbon Extraction will create a local market for the crop, addressing one of the biggest challenges currently facing the industrial hemp industry in Virginia.”

The Virginia Economic Developers Association (VEDA) is pleased to announce it has awarded its 2020 Community Economic Development Awards (CEDA), recognizing a multi-faceted collaboration between Pittsylvania County, Danville, and the Southern Virginia Regional Alliance, that resulted in a regional resurgence of new jobs and investments.

The CEDA awards are designed to recognize outstanding communities in the Commonwealth for efforts in advancing economic viability through economic and community development programs. Entries are judged on factors that include innovativeness, transferability, community commitment, and the benefits derived for each.

There were nine total CEDA entries this year.

VEDA will submit the two winning entries to the Southern Economic Development Council (SEDC) for consideration it its similar award program that takes place later this year.

"Each year, we enjoy taking the time to recognize and reflect on the outstanding work of economic developers across Virginia and to honor those who dedicate their careers to making our communities thrive," said Bedford County Economic Development Director Traci Blido, chair of VEDA's CEDA awards committee. "Those communities being recognized are effectively using multiple tools in the economic development toolkit to bring in new jobs and investment in Virginia, and others can learn from their best practices."

Pittsylvania County, Danville, and the Southern Virginia Regional Alliance were jointly recognized for their efforts to build on a long-term plan to regain jobs and investment in the region. This team of economic developers maximized resources and worked together to lay the framework for collaboration, backed by regional agreements, creative financing and aggressive incentives. As a result, the region has been able to land new deals and deliver workforce programs to serve new and existing industry. New projects to the region include Porcher Industries (BGF Industries), Harlow, Gefertec, Morgan Olson, and Aerofarms.

Today members of the Staunton River Regional Industrial Facility Authority (RIFA) announced a local performance agreement they had reached with Staunton River Plastics Inc, a manufacturer which will bring 200 new jobs to Hurt. 

The performance agreement, titled “Project Emotion,” will allow Staunton River Plastics to begin constructing a new facility in the former Klopman Mills site which now serves as the Southern Virginia Multimodal Park. 

Leading the announcement was the Staunton River RIFA chairman Sherman Saunders as he stood atop a stage constructed in the grass field of Wayside Park. 

“I am proud of the partnerships that have been forged between the City of Danville, Pittsylvania County and the Town of Hurt in order to encourage investment and job creation within our region,” said Saunders, one of the three members of the Staunton River RIFA which come from the Danville City Council. “As Chairman of the Staunton River Regional Industrial Facility Authority, we welcome Staunton River Plastics, LLC as the first tenant within the Southern Virginia Multimodal Park. By expanding its footprint into Hurt, this company will provide quality employment opportunities for residents throughout the Southern Virginia region.” 

Ennis, a wholesale manufacturer and supplier of print products, plans to make capital investments of more than $800,000 and create 15 new jobs at its plant in Chatham where it already employs more than 100 people.

The Pittsylvania County Board of Supervisors signed off on a performance agreement with the Industrial Development Authority and the company during a Tuesday meeting. The announcement comes during a time when many local businesses are slowing or shutting down.

“This community is going to need any and every job it can get,” said Matt Rowe, economic development director for Pittsylvania County.

The Texas-based print product manufacturer has maintained a plant in Chatham for more than 70 years. The Chatham plant makes business forms.