On Thursday, September 27, 2018, the Office of Economic Development & Tourism for the City of Lynchburg released its 2018 Year in Review. At the City of Lynchburg, we take a multi-faceted approach to economic development and tourism, believing that the best results come from investing in people and place.
Topics: Annual Report
The City of Lynchburg has a bright future, but its blueprint for economic prosperity is shifting. While the industrial economy of yesterday relied on raw materials and manufacturing skills, today’s knowledge and advanced manufacturing economy centers firmly on access to creative talent and innovation. Because of this, modern companies increasingly view talent attraction and development as their top priorities, unleashing fierce competition across the U.S.
The Economic Development Authority of the City of Lynchburg (the EDA) has again been selected to receive $300,000 in assessment grants from the Environmental Protection Agency (EPA) to continue to assist businesses and property owners to identify, assess and begin redevelopment of brownfields in the City. Funding dedicated to the assessment of sites potentially impacted by hazardous substances and petroleum will be used to conduct Phase I and Phase II environmental site assessments, cleanup and redevelopment planning and community engagement activities. The EDA first received a federal brownfields grant in 2015.
~ Major international player in the nuclear energy market moves from North Carolina to Virginia ~
Governor Ralph Northam today announced that Framatome, a designer and supplier of nuclear steam supply system and nuclear equipment, services, and fuel for high levels of safety and performance, will relocate its North American corporate headquarters from Charlotte, North Carolina, to the City of Lynchburg. In January 2018, AREVA NP was officially rebranded as Framatome, and is known as Framatome Inc. in North America. The company has 1,300 employees in Lynchburg, 2,300 employees in North America, and 14,000 employees globally.
Governor Ralph Northam today announced that Tessy Plastics, a premier molder of custom injection molded plastic components, will invest $9.2 million to expand its manufacturing operation to accommodate a new product line in the City of Lynchburg. Virginia successfully competed against New York for the project, which will create 34 new jobs.
The Office of Economic Development & Tourism and the Economic Development Authority of the City of Lynchburg is pleased to announce the naming of Rex D. Geveden of BWX Technologies, Inc. to the Economic Development Authority. Mr. Geveden was appointed by Lynchburg City Council and will serve a four year term.
Topics: News & Events
If you were unable to attend the workshop on February 6th, please feel free to download the presentation below. Topics of interest to business owners and developers include:
On Monday, February 26 at 7:00 p.m. in the City Council Chamber, City Hall, 900 Church Street, Mayor Joan Foster and Vice Mayor Treney Tweedy will deliver the 2018 State of the City Address. The public is cordially invited to attend.
The City of Lynchburg Office of Economic Development & Tourism, the Small Business Development Center, and the Academy Center of the Arts host the second annual Create Lynchburg Conference on Saturday, February 24, 2018. The conference is for Lynchburg’s community of artists and creatives. The goal of the conference is to support area arts & entrepreneurship, equipping artists and organizations with the tools, resources, and connections to be successful in business and have a positive economic development impact in the greater Lynchburg community.
Recently, The City of Lynchburg made important updates to the Real Estate Rehabilitation Program. The new updated version of the program takes effect on January 1, 2018 and will apply to multiple housing units throughout the city. Read below to learn more about changes made as well as details on eligibility.