The Town of Warsaw is pleased to announce that it has been awarded $468,750 by the Commonwealth of Virginia to complete revitalization efforts of the downtown block formerly known as the former Warsaw Hardware, now home to Northern Neck Popcorn Bag, Old Rappahannock Taphouse, Burkes Jewelers, and Strength & Style Clothing Boutique. With potentially two vacant storefronts at the corner of St. John’s Street and Main Street, and with two floors of potential retail and residential space, these funds are an integral part of future development.
Warsaw was one of only three localities chosen for funding out of twelve applicants. According to a statement from Governor Northam, “With these three projects, we are making important investments in our future. As we focus on recovering from the impacts of the pandemic, our administration remains focused on driving economic growth to every corner of the Commonwealth, especially in rural Virginia.”
Town Manager Joseph Quesenberry explained that “These funds are granted to the town where we then deploy them in the form of a low interest loan to the developers of the former Warsaw Hardware Complex. As these funds are then repaid, the town gets to keep them and utilize them as small business loans in perpetuity. A small town of our size now has nearly $500,000 to loan out to small businesses, something that’s unheard of and will be a vital asset as we continue to grow and expand,” he said.
Mayor Randall Phelps expressed his excitement after receiving the news, stating that “…after two years of hard work by our staff and council, we’ve now been fortunate enough to create another notch in our belt for grant awards given to the Town of Warsaw. We want to thank all of our partners in this, especially Lisa Hull and Jerry Davis of the Northern Neck Planning District Commission, an invaluable asset to our community,” he said.
Andy Beale, owner of the complex, stated that “…we are thrilled to make use of the IRF to expand the Old Rappahannock brand by way of adding a microbrewery and event space. This will complete our Phase 1 of the project, the ground floor, and will allow us to continue to redevelop our property in Warsaw.”
Since 2012, IRF has funded 34 projects, which have generated over $121 million in public and private investment and resulted in the creation of more than 485 jobs across the Commonwealth. For more information about the IRF program, visit dhcd.virginia.gov/irf.
For more information, please contact Joseph Quesenberry, Town Manager, at (804) 333-3737, or by email at firstname.lastname@example.org.