portsmouth virginia economic development authority. The event kicked off with a special performance by Norfolk State University’s “Spartan Legion” Marching Band . portsmouth virginia economic development authority

 
 The event kicked off with a special performance by Norfolk State University’s “Spartan Legion” Marching Band portsmouth virginia economic development authority

Employment Opportunities. Portsmouth, Virginia is an urban locality in the heart of the Hampton Roads region which is located in the mid-Atlantic area of the United States eastern seaboard. OUR MISSION: The mission of the Economic Development Authority (EDA) is to create jobs, maximize the utilization of Norfolk’s real estate, foster business capital investment, increase revenue by. Economic Development Existing Conditions Report, June 2014. Updated: May 14, 2021 / 05:45 PM EDT. COMMISSIONERS PRESENT: ALSO PRESENT: Dean A. Coastal Virginia Offshore Wind Economic Profile Tax Structure Utilities and Infrastructure. Economic. Clarke County, Virginia, is an Equal Opportunity Employer and does not discriminate against employees or applicants for. Economic Development Authority Meeting November 14, 2023 Portsmouth Virginia. That Economic Development Authority of the City of Portsmouth, Virginia (or its successors in interest to the property) is hereby granted a use permit pursuant to Section 40. 19th Annual Consultants. Virginia Beach Development Authority | 4525 Main St. Portsmouth Economic Development is. Email or phone: Password:. The bond issuance. Commonwealth of Virginia's Building codes and assigned local regulations, coordination of new programs to promote new. The Economic Development Authority (EDA) of the City of Portsmouth is a political subdivision of the Commonwealth of Virginia created by City Council in 1968. Get the right Technical manager analyst job with company ratings & salaries. youtube. Portsmouth, VA, January 23, 2023 - Rivers Casino Portsmouth celebrated its grand opening today—making history as the Commonwealth of Virginia’s first full-service permanent casino. Brian has 19 years of experience in economic development, community development and real estate across the Commonwealth of Virginia. Website. In 2018, the Port of Virginia saw 2. 4 BILLION IN VIRGINIA GROSS STATE PRODUCT; • $27. PED works directly with business, education & gov't partners. DEPARTMENT OF SOCIAL SERVICES 1701 High St, Portsmouth Virginia 23704 August 23, 2023 3:00 p. Finally, after one deal fell apart, another developer appeared: the Miller Group, a Virginia Beach company that plans to put nearly 200 townhomes on the site. Home. 7 BILLION IN STATE AND LOCAL TAXES AND FEES. Senator Shelley Moore Capito (R-W. Ørsted North America has signed an agreement to lease 1. Portsmouth Economic Development | 1,112 followers on LinkedIn. Our location in both the middle of Hampton. Economic Development Authority Meeting . The purpose of the MTP is to coordinate transportation policy, investment, projects and priorities through the year 2030 to ensure that the future transportation system supports the City’s goals for land use, economic development, and quality of life. HUBZONE. Click to send an email or call: 603-433-6088. The Economic Development Authority and Portsmouth Economic Development had the opportunity last week to present three additional Portsmouth businesses with grant funding from Round 1 of the EDA Business Investment Grants. youtube. S. More than 600 people gathered at Rivers Casino Portsmouth Friday to hear Glover’s State of the City address, where he said the city is. 062. We have the expertise and relationships to connect new and expanding businesses with a wide. Economic Development 701,960 923,623 923,623 885,291Senate Bill 256. 393. The Chairman called the meeting to order at 8:02 a. * Downtown Portsmouth Economic Development Plan – The goal of the plan is to have a guiding framework for economic growth, business attraction, tourism, and multi-family residential development in Downtown Portsmouth. join Portsmouth Public Library for the. • A separate authority created by the locality for a specific development • A voluntary special assessment district created at the request of the landowners • Authorized by Va. Mr. May 30, 2017 . Portsmouth, VA 23704. 6th Floor Conference Room, City Hall 801 Crawford Street, Portsmouth, VA . Virginia's Gateway Region Economic Development Organization. 1992, c. aspx. Real Estate Tax. Economic Development Agency, Government Economic Program, State Government Office. 63% increase and its median household income grew from $53,213 to $54,020, a 1. Coalfields Expressway Authority, Virginia. biz tel:17573828040. Standing Committee – Governed by City Ordinance. Natural Gas (per 1,000 cubic feet) $5. Portsmouth City Hall Contact Us 801 Crawford Street Portsmouth, VA 23704 Phone: 757-393-8000 There’s a lot happening in Portsmouth and our momentum keeps growing! Read the latest news & press releases from Portsmouth Economic Development – we cover project announcements, business openings, development news, and more. Northam FOR IMMEDIATE RELEASE · October 25, 2021 Office of the Governor Alena. -based TraPac LLC to replace Reinhart. m. Ten Virginia Localities Join Together to Form Brand-New Northern Virginia Economic Development Alliance. DOMA Technologies to invest $3. 757-393-8651: Portsmouth Redevelopment and Housing Authority: 757-399-5261: Property assessment questions (Real Estate Information) 757-393-8631: Real estate taxes: 757-393-8198. Bailey. the Economic Development Authority, and Portsmouth Redevelopment and Housing Authority. The team at Portsmouth Economic Development has a simple goal: to support our business community in starting, growing, and locating their businesses. - 5 p. Lexington Place Development; Available Properties; Homeownership; Deeds and Releases; HCV/S8. As a small business-focused agency of local City government, Portsmouth Economic Development. Portsmouth, VA, January 23, 2023 - Rivers Casino Portsmouth celebrated its grand opening today—making history as the Commonwealth of Virginia’s first full-service permanent casino. 1 A county, city, town, electric commission or board, industrial development authority, or economic development authority, other than one in a locality that (i) is eligible to provide telecommunications The Economic Development Authority (EDA) of the City of Portsmouth is a political subdivision of the Commonwealth of Virginia created by City Council in 1968. February 24, 2023 Enviably situated on the banks of the Elizabeth River in the Hampton Roads area of Virginia, the City of Portsmouth is a thriving place with something to offer everyone with a robust lineup of economic development projects in the pipeline as we welcome in a new calendar year. O. org. Key Industries. The Virginia Enterprise Zone (VEZ) Tax Exemption Programs Historic Rehabilitation Tax Credits Foreign Trade Zone (FTZ) HUBZONE Opportunity Zone Port Host Community Revitalization Fund PPIC Job Creation Grant Tax Structure Small Business and Startups Opportunity M/W/DBE Veteran Owned Businesses Portsmouth @ Work - Workforce. Yarmosky@governor. Dive into the Economic Development Authority Meeting held on October 17, 2023, in Portsmouth, Virginia. m. It can provide a depth of financial expertise to companies seeking to relocate or expand to Newport News. Hampton Roads. To promote port-related economic development to bring investment and jobs to the Commonwealth. 393. Pg. The dynamic neighborhoods and business districts offer residents and professionals access and options quickly while remaining central to the 757. 2 days ago · Onshore, the Virginia Port Authority has put more than $220 million toward the Portsmouth Marine Terminal to develop areas where large wind components like turbines and monopile foundations can be. Cliff Hayes, Chief Information Officer for the City of Portsmouth provided an update on the City’s broadband initiatives including the municipal fiber network, Southside. m. gov. Housing Finance Authority; US Rural Development;. Portsmouth, Virginia 2021 | For the FisCAl YeAr ended June 30, 2021 21 Annual Financial Report (FNL-REV II). CHARLESTON, W. Natural. Prior to joining the Portsmouth Economic Development team in 2018, Brian was the Director of Development for the Portsmouth Redevelopment and Housing Authority, overseeing residential and commercial redevelopment. 85 million TEUs. - 5 p. 30 per $100 of assessed value. (b) Qualifying activity means new construction or improvements to an existing structure totaling. If you need direct Port access, proximity to the highway or railway, or need to be close to a training. The development has 64 one-bedroom, 86 two-bedroom, 52 three-bedroom, and 8 four-bedroom units. Dean A. Coastal Virginia Offshore Wind Economic Profile Tax Structure Utilities and Infrastructure. Economic Development Authority /Calendar. Small Business. Dimensional Standards. F. Portsmouth Economic Development is your companys liaison to access all our Smart City has to offer infrastructure, accessibility, workforce and planning. 2-6416. Portsmouth Economic Development is your company’s liaison to access all our Smart City has to offer. Norfolk Economic Development is a trusted leader and partner driving sustainable and equitable. Step Four. read more. Economic Development Authority Meeting November 14, 2023 Portsmouth Virginia. 2. Comprising 14 diverse communities (the cities of Chesapeake, Franklin, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk, Virginia Beach, and Williamsburg, and the counties of James City, Isle of Wight, Southampton, and York), Hampton Roads has been a commercial and trading center since 1607. The local musical ensemble recently appeared. Structures that exhibit. | Portsmouth Economic Development is your company’s liaison to access all our Smart City has to offer – infrastructure, accessibility, workforce and planning. A 50-unit development is bringing new housing opportunities to downtown Portsmouth, Virginia. Personal Property. Wright. expansion in Manassas. This funding will support 14 projects focused on economic diversification, workforce development, talent pipelines, economic resiliency, and. Economic Development Authority Meeting November 15, 2022 Portsmouth Virginia. Specifically, the Virginia economic impacts of the Port of Virginia in fiscal year 2021 include: • $100. Coal Train Heritage Authority, Virginia. RUSH STREET GAMING AND CITY OF PORTSMOUTH SIGN CASINO DEVELOPMENT AGREEMENT . - 5 p. If approved, applicant enters into a Grant Agreement with the Portsmouth EDA. Day 1 Live Stream Recording via youtube. In July 2010, the Virginia Port Authority (VPA) and APM Terminals entered into a 20-year lease agreement. Gain insights into the economic strategies, plans, and discussions that shape the future of Portsmouth's economy. Date: February 15,. Portsmouth, VA 23704 (757) 673-0001. “We’re doing everything we can here in West Virginia to. Economic Development Authority Portsmouth Port & Industrial Commission News & Press Media Library. The one-time Circuit City building at 110 S. Board & Commissions. 6th Floor Conference Room, City Hall 801 Crawford Street, Portsmouth, VA . - 5 p. Step FiveCommunity and Economic Development Economic Development City Council named economic development its top priority late in 2009. - 5 p. 6th Floor Conference Room, City Hall 801 Crawford Street, Portsmouth, VA . Germanna Community College is a public, open access institution of higher education in the Virginia Community College System. Va. A. * Business attraction is defined as the strategies to entice companies to relocate or set up new operations in Portsmouth. Mr. Willett Hall 12 - 9 Community Planning and Development Program 12 - 10 New Port Community Development Authority 12 - 11 Neighborhood Advancement 12 - 12 Fiscal Year 2016 12 - 1 Community and Economic Development. N/A mi. 8 million, the property has sat vacant for years and. Scott (arrived at 8:11) The City of Portsmouth serves a wide range of growing industries. Portsmouth Economic Development. 2022 Top States Workforce Development Programs. About. Quickly find Economic Development phone number, directions & more (Yorktown, VA). Ranked as America’s No. driver. Hinds . Commonwealth of Virginia's Building codes and assigned local regulations, coordination of new programs to promote new. The venue is the first permanent standalone casino to ever open in Virginia, which was ratified to the United States 235 years ago in June 1788. 570 likes · 8 talking about this · 9 were here. Economic Development 732,084 944,754 - 899,465 911,868 Total Budget 4,882,370 9,124,993 - 9,006,965. Autumn Bailey has served the small business community for over 10 years meeting businesses where they are by providing small business services through non-profit organizations, local governments, and her personal endeavors, all the while advocating for businesses in need in the Washington, DC, and Virginia area. The EDA is comprised of seven (7) City Council-appointed Commissioners serving staggered four (4) year terms. Virginia Beach Economic Development Ste 1000, 222 Central Park Ave, Virginia Beach, VA - 34. 1 (§ 15. Our location in both the middle of Hampton Roads. Economic Development. 600 E Main St #300 Richmond, VA 23219. That Economic Development Authority of the City of Portsmouth, Virginia (or its successors in interest to the property) is hereby granted a use permit pursuant to Section. virginia. W. Personal Property Tax. 7 million in City of Virginia Beach headquarters, creating 307 new jobs Virginia Beach, Va. RUSH STREET GAMING AND CITY OF PORTSMOUTH SIGN CASINO DEVELOPMENT AGREEMENT . Portsmouth @ Work - Workforce Development & Training Business Directory Property Search About Us About Us Page; Staff Partners Economic Development Authority Portsmouth Port & Industrial Commission News & Press Media Library Event Calendar Contact UsPortsmouth’s tax structure favors new and expanding businesses. Coastal Virginia Offshore Wind Economic Profile Tax Structure Utilities and Infrastructure. WASHINGTON – To continue to expand Registered Apprenticeships, prepare young workers for good quality jobs and strengthen the nation’s workforce to meet industry demands, the U. – For the purposes of this section: (1) “Broadband Enhancement Council” or “council” refers to the governmental instrumentality established by §31G-1-3 of this code. Portsmouth Economic Development, Portsmouth, Virginia. The EDA is comprised of seven (7) City Council-appointed Commissioners serving staggered four (4) year terms. Key Industries. Portsmouth has made a $9 million investment in 55-mile fiber optic cable ring. (2) “Broadband Loan Insurance Program” or. The Lincoln Park public housing community in Portsmouth is being redeveloped as Lexington Place in a massive redevelopment launched Tuesday. Economic Development Authority Meeting October 19, 2021 Portsmouth Virginia. . Agendas & Minutes. bayer@norfolk. Victoria McKelvey, Program Assistant. Willie Levenston of Portsmouth, HRSD Commissioner . City of Norfolk Economic Development. Tourism . Get in touch with our team to start, locate, or grow your business, set up an event, or find workforce development resources. Loans The Department of Development manages several low-interest business loan programs. Mr. Government . Michael Glenn of Norfolk, President, Luna Development Services . STAUNTON — Ophie Kier knew he was going to be replaced when his term expired on the Staunton Economic Development Authority board. In 2019, they completed a $320 million expansion of VIG which now features the largest cranes on the East Coast. Applicant has 120 days to complete approved work. Economic Development Authority of the City of Portsmouth . The Economic Development Authority (EDA) of the City of Portsmouth is a political subdivision of the Commonwealth of Virginia created by City Council in 1968. Agendas & Minutes. 393. Day to day operations are managed by Warren County Director of Economic Development, Joe Petty, and can be reached at 540-252-0050 email [email protected] Economic Development is your business's resource for starting, locating, and growing in the City of Portsmouth. com. C. gov / 757-664-4766. The College is a dynamic learning organization that serves as a Germanna regional leader and preferred partner where quality learning experiences enable students to participate effectively in the social, economic, political,. Portsmouth is home to every industry. Economic Development Authority of the City of Portsmouth . Census2020. Land Use & Zoning. m. This Division will serve as a clearinghouse for all offshore wind activities, training, research and economic development. Hinds gave a brief overview of the Virginia Industrial Development Authorities Institute. VIRGINIA BIOTECHNOLOGY RESEARCH PARTNERSHIP AUTHORITY Hampton Roads attracts and retains world-renowned businesses for many reasons. aspx. Hotel Reservations: Hotel: 804-364-3600 Reservations: 1-888-225-9664 Online Reservations. Economic Development Authority Meeting. With a highly skilled and exceptionally trained workforce, a robust infrastructure serving multiple industries, and a passionate community to support business efforts, Portsmouth is the smart move for business. Economic Development Authority Portsmouth Port & Industrial Commission News & Press Media Library. | Portsmouth Economic Development is your company’s liaison to access all our Smart City has to offer – infrastructure, accessibility, workforce and planning. Long-term lease signed with the Virginia Port Authority for more than 80 acre/32-hectare site at the Portsmouth Marine Terminal, Virginia. Economic Development Authority of the City of Portsmouth January 17, 2017 6 th Floor Conference Room, City Hall 801 Crawford Street, Portsmouth, VA The Chairman called the meeting to order at 8:05 a. 8804 FOR IMMEDIATE RELEASE: May 26, 2020 . RSVP Comments: N/A. There is hereby created within the city of Newport News, Virginia, a political subdivision of the Commonwealth to be called the Economic Development. Seacoast Board of Realtors; HomeAccess Program; Economic Development; Citizen's Advisory Committee; Contact; CDBG. $2,305,540 in 2019 Disaster Supplemental funds, matched by $576,385 in local investment, to the Economic Development Authority of Floyd County, Floyd/Floyd County, Virginia, to fund construction of the Floyd Growth Center Building for skilled trades and innovative production in Floyd County. About; Dining; Blog; Meetings; Things To Do; Shopping; Outdoors; Museums; Visitor Directory; PLAN YOUR TRIP; Where To Stay; Parking; Visitor Services; City of Portsmouth Municipal Website Portsmouth Economic Development Portsmouth Virginia Events Calendar Olde Towne Portsmouth. Monday November 13, 2023. Agendas & Minutes. Economic Development Authority Portsmouth Port & Industrial Commission News & Press Media Library. 37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers. – U. For new. A few of the powers specifically granted to Economic Development. Hinds gave a brief overview of the Virginia Industrial Development Authorities Institute. The team at Portsmouth Economic Development has a simple goal: to support our business community in starting, growing, and locating their businesses. That Economic Development Authority of the City of Portsmouth, Virginia (or its successors in interest to the property) is hereby granted a use permit pursuant to Section 40. Thomasson — Chairman Andrew D. Let's Get Social, Portsmouth!. Economic Inclusion Website /QuickLinks. youtube. Prior to joining the Portsmouth. 2-6400 through 15. Portsmouth @ Work - Workforce Development & Training Business Directory Property Search About Us About Us Page; Staff Partners Economic Development Authority Portsmouth Port & Industrial Commission News &. Board & Commissions. Portsmouth Economic Development is your company’s liaison to access all our Smart City has to offer. Loudoun County is a premier option for transit-oriented and mixed-use developments. Board & Commissions. (a) The city treasurer is authorized to issue a rebate of the fees and in the amounts set out in section 9. Economic Development Authority Meeting December 20, 2022 Portsmouth Virginia. The Portsmouth Economic Development Authority (EDA) will be meeting virtually on Tuesday, Nov. Send faxes to (540) 955-0456. m. In FY21, Loudoun Economic Development welcomed news from Novais Partners, a national commercial real estate owner and developer, on plans for Rivana at Innovation Station, a 4. Our SmartStart Business Guide is intended to distill the key information you need when starting a business and provide you with a roadmap to the different city services you'll need. Assessed at $6. 3. he has worked in the communities of Richmond, Portsmouth, Suffolk and Chesterfield County, VA. Friday, September 24 Public Policy Update. Mayor’s Blue-Ribbon Committee – Governed by Council Motions , renewed (or sunset) by every new Council. Brian provides oversight of the office’s business recruitment, retention and workforce development. Assessed at $6. m. Youngkin. WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY. 2-6300 through 15. Terry El-Nakeeb Dec 1st, 2022. Independence Blvd. Section 3 is a provision of the Housing and Urban Development (HUD) Act of 1968 as amended by Section 915 of the Housing and Community Development Act of 1992 that promotes local economic development, neighborhood economic improvement, and individual self-sufficiency. New Port Community Development Authority 12 - 9 Fiscal Year 2014 12 - 1 Community and Economic Development. 7 million in City of Virginia Beach headquarters, creating 307 new jobs Virginia Beach, Va. 2:00 PM - 4:00 PM est. Economic Profile. West End Vision Plan, October 2015. m. Ms. Portsmouth 5-year Development Activity Summary (Planning Department, August 2021) Master Plan. Lexington Place. | Portsmouth Economic Development is your company’s liaison to access all our Smart City has to offer – infrastructure, accessibility, workforce and planning. The purpose is to enhance procurement opportunities for SWaM businesses participating in state-funded projects. The property is bounded by Route 28, the. A low-income census tract is defined as having an. Virginia spent nearly. Email or phone:. CHESAPEAKE, VA. Portsmouth, VA 23704 Phone: 757-393-8000 Monday-Friday 8 a. 7 million in Growth and Opportunity for Virginia (GO Virginia) grants to advance community economic recovery efforts. in Town Center is owned by the city’s Development Authority. With a highly skilled and exceptionally trained workforce, a robust infrastructure serving multiple industries, and a passionate community to support business efforts, Portsmouth is the smart move for business. Economic Development Authority Portsmouth Port & Industrial Commission News & Press Media Library Event Calendar. Stephen A. The Virginia Economic Development Partnership worked with the Fairfax County Economic Development Authority to. Applications with grant. 8804 FOR IMMEDIATE RELEASE: May 26, 2020 . A BILL to amend and reenact §31-15-5 and §31-15-6 of the Code of West Virginia, 1931, as amended, all relating generally to the authority of the West Virginia Economic Development Authority to enter into certain contracts and agreements; providing that board may direct the executive director to enter into those contracts,. m. Coastal Virginia Offshore Wind Economic Profile Tax Structure Utilities and Infrastructure. S. m. m. For. . CHESAPEAKE ECONOMIC DEVELOPMENT AUTHORITY. Economic Development Authority of the City of Portsmouth . Information Session. 08. Stephen Edwards of L. Collins has expanded multiple times over the years and now services national and international contracts for maritime defense, the department of defense, maritime and logistics and more. Find Your New Location. The Fund shall be established on the books of the. Staff. Scott (arrived at 8:11) With so much development and investment happening in Portsmouth, it’s more important than ever to remain focused on the City’s commitment to include Minority, Women, Disadvantaged-Owned Business Enterprises (MWDBE) and Veteran Owned Companies. RUSH STREET GAMING AND CITY OF PORTSMOUTH SIGN CASINO DEVELOPMENT AGREEMENT . There is hereby created in the state treasury a special nonreverting fund to be known as the Port of Virginia Economic Development Grant Fund (the Fund), to be administered by the Virginia Port Authority. Chesterfield County Toll Road Authority. Economic Development Authority of the City of Portsmouth September 19, 2023 9:00 AM. Swedish construction and development company Skanska has penned a contract with the Virginia Port Authority for the redevelopment of the Portsmouth marine terminal for use as an offshore wind staging port. Economic Development Agency, Government Economic Program, State Government Office. is primarily engaged in the production, grading, packing and sale of fresh shell eggs, includingEmpire initiated the project with the sale of $26 million in tax-exempt bonds issued through the West Virginia Economic Development Authority December 1 for dock and wharf facilities. The Master Transportation Plan (MTP) is the City’s Plan for transportation in Portsmouth. Investors can make investments in low-income census tracts [IRC Section 45D (e)] as designated by the U. Yorktown Property Records; York County Public Records;. Aimee Tracy. 869. Overview. Portsmouth Economic Development. Economic Profile. VEDP is the state development arm created by the General Assembly to encourage, stimulate, and support the development and expansion of the Commonwealth's economy. About WVEDA. Make your hotel reservation by Saturday, March 5, 2022 to receive the VEDA group rate of $159 per night. Phone: (757)391-3046 | Fax: (757)397-4158. 3116 South Street | Portsmouth, VA 23707. PORTSMOUTH, Va. m. Portsmouth Economic Development Government Administration Portsmouth, VA 1,131 followers Portsmouth Economic Development is your company’s liaison to access all our Smart City has to offer. S. Portsmouth Economic Development | 912 followers on LinkedIn. 8804. , Virginia Beach, VA, 23462 |Portsmouth @ Work - Workforce Development & Training Business Directory Property Search About Us About Us Page; Staff Partners Economic Development Authority Portsmouth Port & Industrial Commission News & Press Media Library Event Calendar Contact UsThis year, the Virginia Chamber’s main job is developing the next statewide strategic plan, known as Blueprint Virginia 2030, focusing on workforce development, education, infrastructure, energy, health care and other areas. His previous professional experience in Hampton Roads includes working in Suffolk as a planner, in. Codified at Chapter 60 (§ 15. If you are a business owner or one who wants to start a business, then you’ll find one of the best trained, highly skilled and well-educated. Arlington, VA 22201 (703) 291-6666. Board & Commissions. Hampton Roads — officially referred to as the Virginia Beach-Norfolk-Newport News Metropolitan Statistical Area (MSA) — is located in southeastern Virginia, approximately 200 miles south of. 26. Board & Commissions. moved to go into a closed meeting pursuant to Virginia Code Subsection. Real Estate Tax. The EDA is comprised of seven (7) City Council-appointed Commissioners serving staggered four (4) year terms. About. Te Port of Virginia Incentives EPORT GIDE Port of Virginia Economic and Infrastructure Development (POV) Grant A business entity that meets all four criteria listed below may be eligible for a cash grant from the POV Grant per Section 62. 393. Both traditional and emerging industries have a home in the City of Portsmouth. 1- 132. The development also features a 6,500-square-foot commercial space.