Notice of Economic Development Authority Meeting

NOTICE OF MEETING CHANGE

Economic Development Authority

Due to the COVID-19 virus, a number of special arrangements are being made for this meeting, including ensuring that members of the EDA and the Economic Development Staff Members are able to maintain social distancing.

The Economic Development Authority will have a scheduled meeting on Thursday, January 21, 2021, at 3:00 p.m. The meeting will be a Video-Conference meeting in order to maintain social distancing.

To join the meeting:

https://us02web.zoom.us/j/83795546482?pwd=VURHdC9lNzZzNjZSeGRCYmJTTlRNdz09#success

_____________________________________________________________________________

Please visit our website for all updates and future meetings.

For questions or additional information, contact Steven Wright at (757)-382-8040.

Paycheck Protection Program – Round 2 Opens

Paycheck Protection Program – Round 2 Opens 

January 11, 2021: The Economic Aid Act, included in the 2021 Appropriations Act, passed Congress on December 21, 2020, and was signed into law on December 27. Among several other economic assistance provisions, the bill expanded the Paycheck Protection Program (“PPP”) to include second draw loans for hard-hit small businesses.

The following entities affected by Coronavirus (COVID-19) may be eligible:

  • Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
  • Sole proprietors, independent contractors, and self-employed persons
  • Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 per location
  • Any business, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of:
    • 500 employees, or
    • That meets the SBA industry size standard if more than 500

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.

View all details regarding PPP and Applications

 

Centerville Turnpike Bridge Closure – Update

Centerville Turnpike Bridge Closure – Update (December 17, 2020)

The Centerville Turnpike Bridge remains closed to vehicular traffic after being struck by a barge the morning of Nov. 14, 2020.

The U.S. Coast Guard and National Transportation Safety Board are investigating the incident with the City’s cooperation.

The bridge sustained structural, mechanical, and electrical damage in the incident, and City staff alongside contractors will place the bridge on jacks on approximately Dec. 23, 2020, to complete the inspection. The full inspection is expected to be complete by Jan. 11, 2021, with full repair plans expected to be ready by Jan. 31, 2021.

The current estimated cost of repairs is $2.86 million. Repairs are currently expected to be complete by May 31, 2021. NOTE: These are current estimates, and this information may change based on potential additional findings or unforeseen delays in the repair process. A request for emergency appropriation of funds will be presented to City Council in January. All costs are being tracked, and the City will pursue cost recovery from parties deemed responsible for the incident.

Motorists should use Rt. 168 Chesapeake Expressway as the primary detour route. More information will be released as it becomes available.

To view a more detailed presentation from the Public Works Department – click HERE.

 

Notice of Economic Development Authority Meeting

NOTICE OF MEETING CHANGE

Economic Development Authority

Due to the COVID-19 virus, a number of special arrangements are being made for this meeting, including ensuring that members of the EDA and the Economic Development Staff Members are able to maintain social distancing.

The Economic Development Authority will have a scheduled meeting on Thursday, December 10, 2020 at 3:00 p.m. The meeting will be a Video-Conference meeting in order to maintain social distancing.

Register in advance for this webinar:
https://us02web.zoom.us/meeting/register/tZEuc-6gpjgjHNIMtGNcE8QZcvaRZQ4wyl6P

After registering, you will receive a confirmation email containing information about joining the webinar.

_____________________________________________________________________________

Please visit our website for all updates and future meetings.

For questions or additional information, contact Steven Wright at (757)-382-8040.

SBA Offers Disaster Assistance to Businesses and Residents of Virginia Affected by Tropical Storm Isaias

SBA Offers Disaster Assistance to Businesses and Residents of Virginia Affected by Tropical Storm Isaias

(WASHINGTON) – Virginia businesses and residents affected by Tropical Storm Isaias on Aug. 3 – 5, 2020, can apply for low-interest disaster loans from the U.S. Small Business Administration, Administrator Jovita Carranza announced today.  Administrator Carranza made the loans available in response to a letter from Virginia Gov. Ralph Northam on Oct. 5, requesting a disaster declaration by the SBA.

The declaration covers Suffolk City and the adjacent counties and independent cities of Chesapeake City, Isle of Wight, Portsmouth City and Southampton in Virginia; and the counties of Camden and Gates in North Carolina.  “The SBA is strongly committed to providing the people of Virginia with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said Carranza. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”

In accordance with health precautions for COVID-19, the SBA will not establish a field presence to assist
survivors. However, the SBA will continue to provide customer service and conduct outreach virtually
with webinars, skype calls, phone assistance, and step-by-step application assistance. The SBA has opened a Virtual Disaster Loan Outreach Center to help survivors apply online using the Electronic Loan
Application via the SBA’s secure website at https://DisasterLoanAssistance.sba.gov/. 

 

Click HERE to read the Full Press Release

Additional Information from the SBA (FLYER)

Notice of Economic Development Authority Meeting

NOTICE OF MEETING CHANGE

Economic Development Authority

The Economic Development Authority will have a scheduled meeting on October 15, 2020 at 3:00pm. The location for the meeting has been changed to Liberty Executive Park II, 1301 Executive Boulevard, on the 2nd floor, Chesapeake, Virginia 23320.

Please visit our website for all updates and future meetings.

For questions or additional information, contact Steven Wright at (757)-382-8040.

http://chesapeakeva.biz/wp-content/uploads/2020/09/Meeting-Change-Notice-for-October-EDA-Mtg.pdf

Plasser American to Expand in Chesapeake, Creating 98 New Jobs

Manufacturing Headquarters Operation to Grow and Expand here in Chesapeake

Chesapeake, Virginia – Plasser American Corporation, who began their headquarters operations in the City of Chesapeake in 1970, will invest $52.6 million to expand, grow, and prosper here by adding a 60,000-square foot, four-story office building, and incubator space, with a new manufacturing facility (82,000 Sq. Ft.) and a revamped industrial paint booth. An increased demand, and a growing clientele portfolio is the reason for this project. This expansion will happen at their current location 2001 Myers Rd. right off of Atlantic Avenue. Plasser will be investing over $50 Million Dollars and creating 98 new jobs with average annual salaries of $65,000.

Citing its proximity to the Port of Virginia, and a temperate climate to test machines year-round, Plasser American has continued to expand its production year after year. The production program includes an entire range of Plasser & Theurer machines developed and adapted for North American railroads and transit systems. In addition to production, Plasser provides spare parts and service, technical support, contracting, and training at its current location.

“It is indeed exciting, as they celebrate 50 years here in Chesapeake, for me to applaud Plasser American and thank them for their continued commitment to our City and our citizens,” said Rick West, Mayor of the City of Chesapeake. “This expansion will bring not only new jobs and economic benefits to the community, but it will serve as a catalyst for Plasser to continue the innovative, vital work they do to keep our nation moving forward. We are proud to have them in our community, and even more proud to be part of helping them continue to thrive.”

“Plasser American has been an outstanding corporate citizen to our city for nearly 50 years,” said Steven Wright, City of Chesapeake, Department of Economic Development Director. “This expansion in South Norfolk will not only bring a significant amount of jobs, but will also completely reshape their current facility into a state-of-the-art campus for future growth.

Construction on this project will begin soon and schedule for completion fall of 2022. The City of Chesapeake and Plasser American both look to continue this collaborative partnership for many years to come.

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Notice of Economic Development Authority Meeting

NOTICE OF MEETING CHANGE

Economic Development Authority

The Economic Development Authority will have a scheduled meeting on September 17, 2020 at 3:00pm. The location for the meeting has been changed to Liberty Executive Park II, 1301 Executive Boulevard, on the 2nd floor, Chesapeake, Virginia 23320.

Please visit our website for all updates and future meetings.

For questions or additional information, contact Steven Wright at (757)-382-8040.

http://chesapeakeva.biz/wp-content/uploads/2020/09/Meeting-Change-Notice-for-September-EDA-Mtg.pdf

Notice of Economic Development Authority Meeting

NOTICE OF MEETING CHANGE

Economic Development Authority

The Economic Development Authority will have a scheduled meeting for Thursday, August 20, 2020, at 3:00 pm.

The location of the meeting has been changed to Chesapeake City Hall at 306 Cedar Road, Human Resources Training Room on the 4th floor, Chesapeake, Virginia 23322.

Please visit our website for all updates and future meetings.

For questions or additional information, contact Steven Wright at (757)-382-8040.

Notice of Economic Development Authority Meeting

NOTICE OF MEETING CHANGE

Economic Development Authority

The Economic Development Authority will have a scheduled meeting for Thursday, June 18, 2020, at 3:00 pm.

The location of the meeting has been changed to the City of Chesapeake’s Council Chambers located within City Hall.  The Council Chambers are located on the first floor of the City Hall Municipal Building.  The address is 306 Cedar Road, Chesapeake Virginia 23322.

Please visit our website for all updates and future meetings.

For questions or additional information, contact Steven Wright at (757)-382-8040.