The Shenandoah Valley Regional Airport cut the grand opening ribbon for a long-envisioned hangar project in its Aviation Technology Park. Two 14,000 square foot corporate aircraft hangars will support aviation-related business growth in the region. The ribbon cutting event on November 6 celebrated the completion of the project and recognized the project’s partners including two federal agencies involved in its funding, USDA Rural Development and the U.S. Department of Commerce’s Economic Development Administration (EDA). The Shenandoah Valley Regional Airport Commission was awarded a $2 million grant from EDA for the project. The project is expected to create up to 75 high-paying jobs in the aviation technology and aviation maintenance sectors. The CSPDC was instrumental in helping the Shenandoah Valley Regional Airport apply for EDA funding and is providing grant administration services for the hangar project.
This achievement is the first step in a multi-phase master plan to build out the Aviation Technology Park and meet the demands of aviation related businesses and technologies in the area. The Shenandoah Valley Regional Airport currently has a $993,300 GO Virginia Per Capita Allocation Grant to install water and sewer lines that will prepare the remainder of the site for future expansion. The Technology Park master plan supports the development of up to five additional hangers that would continue to expand the aviation industry in the region.