Halifax County Industrial Development Authority Board of Directors on Friday awarded a $101,475 contract for the design, bid and construction associated with the new Center for Coating Application, Research and Education (C-CARE) formulation lab.
During its regular monthly meeting held at the Southern Virginia Advanced Manufacturing Center (former Daystrom building), IDA directors authorized execution of the contract with Dewberry.
The Southside Economic Development Commission arm of the Virginia Tobacco Commission earlier this month gave a thumbs up to a $600,000 grant that will fund half the cost of the new formulation lab.
According to IDA Executive Director Matt Leonard, the full commission is expected to finalize actions on the grant funding at its Tuesday meeting.
The IDA also approved bond refinancing of existing debt and agreed to enter into a bond purchase agreement with Carter Bank and Trust to advance $616,721.94 in additional funds to pay for the C-CARE formulation lab outfits.