The shell building will be promoted to industries interested in coming to the Dan River Region.

“Danville has a very limited number of suitable buildings for a manufacturing operation, and this shell building would provide some needed inventory to market to a prospective industry,” Bobe wrote.

Virginia Community Capital and the Virginia Small Business Financing Authority will be partnering on the financing for the project, with VCC administering the money, Bobe wrote. There will be an initial blended interest rate of 3.1% for both IDAs.

-John Crane with Register & Bee