Promoting Economic Development in Virginia’s Tobacco Region
The Tobacco Indemnification and Community Revitalization Commission is a 31-member body created by the 1999 General Assembly. Its mission is the promotion of economic growth and development in tobacco-dependent communities, using proceeds of the national tobacco settlement. To date, the Commission has awarded 1,221 grants totaling more than
$652.8 million across the tobacco region of the Commonwealth, and has provided $234 million in indemnification payments to tobacco growers and quota holders. Click on Who are We at the left to learn more.
To learn more about Commission's programs click Grant Funding Info at the left. Also be sure to see the profiles below for examples of significant programs and facilities supported by Commission grants.
New Funding Initiatives for FY10
The Commission's budget for fiscal year 2010 includes significant sums in several line items, most particularly the Reserve Account ($19.8 million) and Research and Development ($53.3 million), among others. Please note the following:
- With respect to the Reserve Account monies, the Commission has approved program guidelines and an application process that will seek to leverage Commission funds with other non-Commission sources, such as federal stimulus grant programs. Application materials can be found by clicking on the Reserve Fund page.
- With respect to the Research and Development monies, the Commission established a Research and Development Committee budget for fiscal year 2010. Application materials are available on the Research & Development Program page.
|
