Warren County EDA announce a contract on Baugh Drive facility

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A news release from the Warren County Economic Development Authority (EDA) announced a contract on the sale of the Baugh Drive facility.

The contract on the  sale of the property was approved on Fri. May 13 to the Shahi Food Group for $5.7 million.

Shahi Food Group projects a $7 million capital investment in the facility.

Shahi also projects a 5 year employment projection of 100 individuals.

The group would like to begin operations in late fall of this year.

Shahi Food Group has been an ice cream producer for over 30 years with distribution to over 2000 retail outlets.

The group already distributes to 20 different states including New York, New Jersey, Texas, Ohio and Virginia.

The company has been given approval to distribute their product in Europe as well.

For more news from across the Shenandoah Valley, click here.

News Makers Larry Elliot and Joanne Koszyk of C-Cap

The Warren County Economic Development Authority (EDA) and the Front Royal Warren County Congregational Community Action Project (C-Cap) have finalized a deal on a new facility.

We spoke with Larry Elliot and Joanne Koszyk of C-Cap about the latest development in our latest news maker segment.

The good news is brought to you by The Town of Front Royal.

Larry and Joanne tell us about the new facility and what it means to C-Cap’s clients.

They also tell us about how the new facility will open up opportunities at C-Cap.

For more news from across the Shenandoah Valley, click here.

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News Makers Larry Elliot and Joanne Koszyk of C-Cap
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News Maker Joanne Koszyk on C-Cap’s new storage facility

The Congregational Community Action Project (C-Cap) of Front Royal Warren County was just given a new storage facility.

The donation of the new location on Kendrick Lane is from the Front Royal Warren County Economic Development Authority (EDA).

This came just in time to help C-Cap store the 16,000 pounds of food you donated in our Camping for Hunger campaign last month.

We spoke with Executive Director of C-Cap Joanne Koszyk about this donation in our latest news maker.

The good news is brought to you by The Town of Front Royal.

Joanne and all of C-Cap are very excited to have a new place to store their non perishable food supplies.

Joanne tells us what this means for C-Cap and the distribution of items to those in need.

She also talks about future distribution efforts by C-Cap.

For more news from across the Shenandoah Valley, click here.

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News Maker Joanne Koszyk on C-Cap's new storage facility
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EDA and C-Cap work together to store and distribute food and more

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An email reviewing the Front Royal Warren County Economic Development Authority (EDA) board meeting reveals two major developments.

The EDA has given the Congregational Community Action Project (C-Cap) of Front Royal Warren County approval to use their office building Suite C to store and distribute food to those in need.

The use of the site is at no cost to C-Cap while they transition to a lease of Suite B.

The lease of Suite B could occur once C-Cap shows evidence of an insurance policy to cover the use of Suite C.

The EDA and C-Cap will then negotiate the terms of a lease on Suite B and possibly Suite C at the Kendrick Lane office location at an agreed rental rate.

Meanwhile at that same meeting the EDA board gave approval to finalize the details of an agreement with Atlantic Union Bank.

The agreement is to authorize that the EDA give up its claim in the Jennifer McDonald bankruptcy case involving the property formerly owned by Little Rugrats.

The existing bank loan is more than the value of the property.

With the release of the property Atlantic Union Bank will be allowed to sell the property.

In return for the release the EDA can recover a higher percentage of the recovery from the McDonald bankruptcy and save attorney’s fees.

For more news from across the Shenandoah Valley, click here. 

Front Royal Warren County EDA accept audited financial statement

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The Front Royal Warren County Economic Development Authority (EDA) Board of Directors accepted its audited financial statement for fiscal years 2018-2019.

The audit was conducted by Brown Edwards Certified Public Accountants (CPAs) of Harrisonburg.

The audit for 2019 shows a deficit of $6.5 million.

EDA Board Chairman Jeff Brown states in the press release that the recommended internal controls have been implemented.

Warren County staff members are now administering check writing duties as well as collecting all rents.

These steps or layers of approval were not in place three years ago according the press release from the EDA and Jeff Brown.

All audits, including 2020, and forward will be done by Warren County auditors according to the press release.

For more news from across the Shenandoah Valley, click here.

Front Royal Warren County EDA has an interim director appointed

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At the latest Front Royal Warren County Economic Development Authority (EDA) board meeting the authority had an interim Executive Director appointed by the Warren county Administrator.

Taryn Logan will serve until the county hires an executive director as current EDA Director Douglas Parsons prepares to leave for a new position in Fauquier County Oct. 1.

Also at the meeting it was announced that as of Oct. 1 all payments to the EDA will be handled by the Warren County Finance Department.

Checks still need to be made out to the EDA but delivered to the Finance Department at 220 N. Commerce Ave. Front Royal.

Checks that are mailed to the EDA from Oct. 1 on may be subject to penalties and late fees.

For more news from across the Shenandoah Valley, click here.

Front Royal Warren EDA prepares for board member departures

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The Front Royal Warren County Economic Development Authority (EDA) held an executive committee meeting on Fri. Sept. 10 to address the departure of two of it’s board members.

Executive Director Douglas Parson will be leaving for a similar position with Fauquier County Oct. 1.

Assistant Gretchen Henderson left last month.

The committee is confident that they have a plan in place that will allow for a seamless transition for the EDA to remain a competitive entity for investment and expansion of business in Warren County.

The board did not have any specific details about the transition plan.

For more news from across the Shenandoah Valley, click here. 

Warren County takes over payments from EDA

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Warren County’s finance department is taking over the management of payments to the EDA for rents, receivables, and the Small Business Loan Program starting October 1st.

After that date, all payments can be hand delivered or mailed to the Warren County Government’s finance department.

Official notices will be sent to loan clients soon with their account balance and payment history.

The remaining balance will be communicated to the county. All questions for the EDA regarding payments must be made before October 1st.

Contact EDA Executive Director Doug Parsons to schedule an appointment if you have questions for the EDA before that date.

For more news from across the Shenandoah Valley, click here. 

Bankruptcy Judge grants EDA permission to recover money

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U.S. Bankruptcy Judge Rebecca B. Connolly granted permission for the Front Royal Warren County Economic Development Authority (EDA) to recover funds.

The EDA can now seek up to $9 million from its former director Jennifer McDonald.

The amount falls short of the $60 million the EDA claims is owed by McDonald.

If investigators can uncover any assets that McDonald has it could potentially pay off that amount.

The EDA is also still able to pursue its civil claims against any other defendants in its attempts to recover its financial losses.

For more news from across the Shenandoah Valley, click here.

Front Royal Warren County EDA approve 3 resolutions

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The Front Royal Warren County Economic Development Authority board of directors adopted three resolutions at their regular meeting.

Two resolutions involve agreements with two area banks.

The Extension of a forbearance agreement with First Bank of Strasburg and extending a line of credit with First Bank and Trust.

Another resolution authorized signing an agreement with Aire Serv  to replace one  and repair the other rooftop heating and air-conditioning units at their building on Baugh Drive.

Robert Hencken and Scott Jenkins attended their first meeting as new board members who will finish the terms of two former members who resigned last year.

For more news from across the Shenandoah Valley, click here.