Loan for up to $1.2 million granted to the Wise County Industrial Development Authority. The loan was granted by the Virginia Coalfield Economic Development Authority to help the IDA buy the former Davis Mining and Manufacturing Office at the Lonesome Pine Regional Business and Technology Park near Wise. The structure is 10,000 square feet and includes 19 individually fully furnished offices, a fire-resistant vault, four restrooms, a kitchen, two furnished conference rooms, a 30-vehicle parking lot, and an approximate 800-square-foot storage building. The purchase of the building will help the IDA by providing a marketable building to recruit prospective businesses to Wise County.
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