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.
~ 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.
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.
The next deadline for applications to the James River Arts & Cultural District Program is December 1, 2017. The City of Lynchburg's Arts & Cultural District Program is intended to attract citizens, organizations and partnerships that wish to create and implement projects within the District to benefit the welfare of the citizens of and visitors to Lynchburg. Grant projects may include events, activities, capital investments, promotions, improvements, or displays that serve to further arts and culture in the District.
On Tuesday, the International Economic Development Council (IEDC) awarded the City of Lynchburg two Excellence in Economic Development Bronze Awards for promotional projects: Lynchburg Innovation Week and “This is Lynchburg: Welcome Home” video. IEDC’s prestigious awards program recognizes the world’s best economic development marketing materials, programs and partnerships, honoring organizations and individuals for their efforts in creating positive change in urban, suburban and rural communities. Lynchburg was awarded in the population category ranging from 25,000 to 200,000.
On behalf of the Economic Development Authority of the City of Lynchburg and the Office of Economic Development and Tourism, we are proud to share the Fiscal Year 2017 Opportunity Lynchburg Annual Report with you. At the City of Lynchburg, we take a multi-faceted approach to economic development, believing that the best results come from investing in people and place.
This fall, the City of Lynchburg will embark on an update to the Downtown/Riverfront Master Plan to address the future growth and development of downtown. This plan will build upon the previous Downtown Plans developed in 2000 (Lynchburg Downtown and Riverfront Master Plan) and in 2006 (Riverfront Implementation Plan). Downtown Lynchburg Association is a partner in this special planning project.