FINANCIAL_SERVICESAPPROVED

City of Danville Awards Financial Services Contract to Virginia Tobacco Region Revitalization Commission (February 2026)

Council authorized support agreements for a Virginia Tobacco Region Revitalization Commission loan of up to $7.5 million to the Staunton River Regional Industrial Facility Authority to advance Project Volare.

Status
APPROVED
Document date
February 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Virginia Tobacco Region Revitalization Commission
Agency
City of Danville · VA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $7,500,000 loan
Contract type
FINANCIAL_SERVICES
Renewal
Non-binding appropriation support; repayments expected from state incentive grants until loan retired.
Document type
Agenda
Source document
Danville City Council Regular Meeting Agenda February 17 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Danville?

Virginia Tobacco Region Revitalization Commission was awarded this financial services contract by City of Danville, as recorded on February 17, 2026. The contract value is Not to exceed $7,500,000 loan.

How much is the Virginia Tobacco Region Revitalization Commission contract with City of Danville worth?

The Virginia Tobacco Region Revitalization Commission contract with City of Danville is valued at Not to exceed $7,500,000 loan, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Danville City Council Regular Meeting Agenda February 17 2026 (Agenda), dated February 17, 2026 from City of Danville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Virginia Tobacco Region Revitalization Commission hold?

Virginia Tobacco Region Revitalization Commission may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Virginia Tobacco Region Revitalization Commission's profile

What is City of Danville currently buying?

Explore City of Danville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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