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Friday, April 4, 2025

EDA awards over $11 million in grants for economic development projects in Virginia in 2023

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Cristina Killingsworth, Acting Assistant Secretary of Commerce for Economic Development at EDA | https://www.eda.gov/about/leadership

Cristina Killingsworth, Acting Assistant Secretary of Commerce for Economic Development at EDA | https://www.eda.gov/about/leadership

In 2023, the Economic Development Administration (EDA) issued 21 grants totaling $11,188,240 to fund economic development projects in Virginia.

This represents an 88.3% decrease from 2022, when the state received $95,335,636 in funding.

Virginia ranked 13th across the U.S. in total EDA grant funding for 2023. South Carolina topped the list with $30,038,466 in funding across 14 grants.

New River Regional Water Authority received the largest EDA grant for funding an economic development project in the state, totalling $3,000,000.

EDA Grant Recipients in Virginia in 2023
Grantee NameTotal Funding
New River Regional Water Authority$3,000,000
Economic Development Authority of Amherst County, VA$2,600,000
SOVA Innovation Hub Corporation$1,255,556
757 Accelerate dba 757 Collab$1,168,789
County of Henry, Virginia$958,960
City of Newport News - Department of Development$640,994
City of Hampton Public Works Department$246,018
Southside Planning District Commission$210,000
Lenowisco Planning District Commission$200,000
Virginia Polytechnic Institute and State University$137,923
Accomack-Northampton Planning District Commission$70,000
Lenowisco Planning District Commission$70,000
Central Shenandoah Planning District Commission$70,000
Cumberland Plateau Planning District Commission$70,000
Mount Rogers Planning District Commission$70,000
West Piedmont Planning District Commission$70,000
Northern Neck Planning District Commission$70,000
New River Valley Regional Commission$70,000
Middle Peninsula Planning District Commission$70,000
Northern Shenandoah Valley Regional Commission$70,000
Commonwealth Regional Council$70,000

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