Latest news with #MikeMarron
Yahoo
5 days ago
- Business
- Yahoo
Vermilion Advantage using a grant to help City of Danville
DANVILLE, Ill. (WCIA) — One organization is getting closer to improving the economic life of Danville. Vermilion Advantage was awarded an $80,000 grant from the U.S. Economic Development Administration Local Technical Assistance Program. Another $10,000 came from the state's Department of Commerce and Economic Opportunity, which Vermilion Advantage matched. Danville may get new sports facility thanks to local legend Now, Vermilion Advantage has a $100,000 planning project. The goal is to start planning and figuring out which types of businesses will be successful for the city. 'It was a little over a year ago that we got the news [that] Quaker Oats closed, and it was important to me that I wanted to send the message to the community that we had a plan in place and that we weren't going to just take that closure lying down,' Mike Marron, CEO of Vermilion Advantage said. 'We were going to do something about it. And so that's how this whole plan came about and it starting to happen and starting to unfold. And it's pretty exciting.' He said the work has already started. Right now, the main area they're looking at is along East Voorhees Street. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
24-05-2025
- Business
- Yahoo
Vermillion Advantage launches Feasibility Study for Economic Development
Vermilion Advantage is partnering with TPMA to conduct a Feasibility Study (Study) for Economic Development which will review industrial redevelopment and community revitalization along the East Voorhees Street corridor in Danville, Illinois. The primary goal of the project is to develop a plan for this area that can attract economic growth and job creation, thereby laying a strong foundation for long-term prosperity. The study kicked off in May with a discovery phase that involved a comprehensive review of existing data, plans, and resources. Other key components of the project include a targeted industry and workforce analysis, along with a series of stakeholder engagement sessions. As community input is critical to the success of the Study, community members will have multiple opportunities to get involved in the process. 'We are honored to be working with Vermillion Advantage. We believe the Feasibility Study will play a pivotal role in evaluating the area's potential to be transformed into a dynamic business park, laying the groundwork for significant economic revitalization and potentially creating hundreds of new jobs in the Danville community. TPMA is prepared to assist the community in achieving these new and emerging economic goals,' said Teresa Nortillo, director of economic development at TPMA. 'Vermilion Advantage is excited about our partnership with TPMA. This is a critical first step in building a solid plan for the revitalization of East Danville. We start from this point by creating our new economy of the future,' said Mike Marron, president of Vermilion Advantage The final Feasibility Study is expected in November 2025.
Yahoo
24-05-2025
- Business
- Yahoo
Vermillion Advantage launches Feasibility Study for Economic Development
Vermilion Advantage is partnering with TPMA to conduct a Feasibility Study (Study) for Economic Development which will review industrial redevelopment and community revitalization along the East Voorhees Street corridor in Danville, Illinois. The primary goal of the project is to develop a plan for this area that can attract economic growth and job creation, thereby laying a strong foundation for long-term prosperity. The study kicked off in May with a discovery phase that involved a comprehensive review of existing data, plans, and resources. Other key components of the project include a targeted industry and workforce analysis, along with a series of stakeholder engagement sessions. As community input is critical to the success of the Study, community members will have multiple opportunities to get involved in the process. 'We are honored to be working with Vermillion Advantage. We believe the Feasibility Study will play a pivotal role in evaluating the area's potential to be transformed into a dynamic business park, laying the groundwork for significant economic revitalization and potentially creating hundreds of new jobs in the Danville community. TPMA is prepared to assist the community in achieving these new and emerging economic goals,' said Teresa Nortillo, director of economic development at TPMA. 'Vermilion Advantage is excited about our partnership with TPMA. This is a critical first step in building a solid plan for the revitalization of East Danville. We start from this point by creating our new economy of the future,' said Mike Marron, president of Vermilion Advantage The final Feasibility Study is expected in November 2025.
Yahoo
16-04-2025
- Business
- Yahoo
Vermilion Co. approves blighted property demolition program
VERMILION COUNTY, Ill. (WCIA) — The Vermilion County Board has approved an agreement with Vermilion Advantage that would establish a Blighted Real Estate Demolition Program (BREDP). Per the agreement, Vermilion Advantage will serve as the administrator of the program and bear all administrative costs. The county will provide a one-time grant of $400,000, which will come from interest made on ARPA funds. DACC Foundation offering scholarships to students The following costs are eligible to be paid for with money provided by the county: Demolition costs Environmental remediation Site stabilization Administrative and legal costs incurred by local governments requesting awards from BREDP Mike Marron, CEO of Vermilion Advantage, said this program will help communities tackle blighted properties in the area. Bunge announces sale of its Danville facility Vermilion Advantage thanks Chairman Miller and the County Board for their appropriation for the Trustee Demolition Program that passed the board last night. This is a strong first step, investing in communities around the County, helping them address the blight issue, and strengthening those towns and villages for future economic development. Mike Marron The funds will be provided as a matching grant, which means that the community the demolition is taking place in will pay for half of the cost. If the program ends before the $400,000 is used up, the money will go back to the county. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
