EO Companies

EO Companies redeveloped an 87,000 square-foot building in Abingdon, Virginia into a multi-use facility devoted to improving the lives of residents in the region through cradle-to-career services for area youth. Ballad Health, an early childhood education center serving 300 children from infancy to age five is onsite and childcare participants are eligible for on-site medical evaluations. The facility provides support services to another 200 childcare operators in the region by housing the Regional Shared Services Alliance, offering back-office support for workforce development and professional services to these childcare operators. The facility serves as the hub for all EO Companies’ youth workforce initiatives, providing programming to approximately 30,000 students on-site at the facility each year while another 30,000 students participate remotely from their respective school districts. EO Companies created 100 full-time jobs and 50 construction jobs. While the project raised funding through grants and donations, there remained a funding gap to complete construction. As a not-for-profit, the sponsor is dependent on grants and donations, and EO Companies multi-use facility would not be possible without NMTC financing funding the gap to complete construction.