The Chesterfield Economic Development Authority approved two business expansion incentive grants last week.
The $50,000 grants will require the recipients to complete construction and comply with performance goals before the funds are disbursed, assistant director Karen Aylward said. She noted that recipients have three years to satisfy the grant requirements.
New Bell Trucklines of 13101 N. Enon Church Road plans to relocate to a site on Jefferson Davis Highway and build a $1.5 million facility, she said. The project will include a 950-square-foot truck terminal that would be used for truck repair and warehouse space. EDA director Garrett Hart said the project also includes docks that Aylward said will not be covered and will be for truck use.
The company, which currently has 35 employees, plans to add another 10 within six months, she said.
Aylward noted that the project has some “significant road access issues” and the proposed solution would cost more than $50,000. The company may ultimately not sign the performance agreement and not use the funds, she said.
The second grant would go to Prestige Construction, a minority-owned business that Kenneth Jones started in 1991, Aylward said. The company has grown 60 percent in the past four years, she said.
The $7.3 million project involves expanding at its present location at 219 Turner Road south of Midlothian Turnpike, which is in the county’s “Technology Zone.” Aylward said the company is “running out of room” at its facility.
