Alleghany County Company Selected to Participate in Virginia’s VALET Program
Two-year export program provides resources to support international business expansion
RICHMOND, VA — The Virginia Economic Development Partnership (VEDP) today announced the acceptance of an Alleghany County company, Balchem Corporation, into its two-year Virginia Leaders in Export Trade (VALET) program. The VALET program assists companies in the Commonwealth that are committed to international exporting as a growth strategy. To participate, each business must meet both quantitative and qualitative selection criteria. Participating firms are chosen based on their dedication to growing export sales. To date, 335 Virginia companies have been accepted to participate in the VALET program. Full press release here.
Work Opportunity Tax Credit (WOTC)
The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain targeted groups who have consistently faced significant barriers to employment.
WOTC joins other workforce programs that incentivize workplace diversity and facilitate access to good jobs for American workers.
The Protecting Americans from Tax Hikes Act of 2015 (the PATH Act) retroactively allows eligible employers to claim the Work Opportunity Tax Credit (WOTC) for all targeted group employee categories that were in effect prior to the enactment of the PATH Act, if the individual began or begins work for the employer after December 31, 2014 and before January 1, 2020. For tax-exempt employers, the PATH Act retroactively allows them to claim the WOTC for qualified veterans who begin work for the employer after December 31, 2014 and before January 1, 2020. The PATH Act also added a new targeted group category to include qualified long-term unemployment recipients.
Governor Northam Announces Over $4.9 Million in Appalachian Regional Commission Grants
Funding to expand health care, spur economic development, improve infrastructure, and create jobs for the Appalachian Region. Press Release here.
Virginia Unmanned Systems Center at CIT Forms Board of Advisors to Support Local Initiatives, Forward Industry Expansion
Herndon, VA, May 07, 2019 (GLOBE NEWSWIRE) — The Virginia Unmanned Systems Center (VUS) at the Center for Innovative Technology (CIT), which serves as the primary information resource and growth catalyst for unmanned systems (UMS) in Virginia, has established a Board of Advisors to support rapid market expansion. The 24-member advisory board brings together expertise and leadership from across the Commonwealth to guide strategies and priorities within the four domains of the unmanned systems market: land, sea, air, and space. Full press release here.
VIDA is an 8:1 savers program where a person or family within the low to moderate low income guidelines can save $500 and receive $4000 towards business startup or the purchase of their 1st home.
Please contact Kelly Robertson Turner at 540.283.7062 for any questions!!
An Airbnb Workshop was recently held on the DSLCC campus with Sandy Ratliff of Virginia Community Capital. You can view that video here.
The Nuts and Bolts of Small Business Workshop was filmed at Dabney S. Lancaster Community College and hosted by the Alleghany Highlands Economic Development Corporation. Virginia Community Capital lead the conversation with guests from Sonabank, Small Business Administration, The Advancement Foundation, and U.S. Department of Agriculture and Rural Development. Video Here.
SEE LOCAL JOB LISTINGS HERE
ALSO THERE IS A FACEBOOK PAGE FOR MORE JOB LISTINGS HERE
Please visit The Alleghany Highlands Artisans Shops. By making purchases through this site, you are supporting entrepreneurs whose hand-made products reflect the talent and innovation native to the Alleghany Highlands of Virginia.
The Alleghany Highlands is a natural choice for large companies, small businesses, individuals and families. We’re pro-business and family friendly. Good schools are an advantage for families with children and companies that want well-educated employees. Low taxes benefit everyone.