Business Insights & Resources

The Future of Nuclear Technology in Lynchburg

Posted by Lynchburg EDA on May 23, 2019 10:39:28 AM

Over the past several decades, Lynchburg has been positioned as one of the largest hubs for nuclear technology. Currently, two major nuclear technology companies, BWX Technologies (BWXT) and Framatome are headquartered here. These two employ 2,200 workers, a total that is eight times larger than the U.S. Average. In the next five years we anticipate continued growth in this sector to create more opportunities for our residents and economy.

Read More

How the Lynchburg Regional Airport is Growing

Posted by Office of Economic Development on Apr 9, 2019 11:28:00 AM

LYH is not just the abbreviated term locals use, it’s the airport code as well. In a way, the link between the two is fitting as it symbolizes our city’s strong roots in transportation. The city was founded by John Lynch, a businessman who created a ferry service for local traders looking to cross the James River. Then, during the industrial age of the 19th century, the city was beaming with business and visitors from the railways. Today, not only do we have two major highways and the Amtrak that pass through, but we also have a bustling regional airport that has been steadily growing.

Read More

Topics: Trasnportation

How Lynchburg Works: Metals and Machining

Posted by Office of Economic Development on Mar 18, 2019 11:18:24 AM

Lynchburg has been manufacturer-led city throughout its 230 year history. The first industry to develop was tobacco in the early 1800’s. Then, prestigious factories like Craddock Terry, the first shoe and boots manufacturer in the South, thrived in the late 19th century. But perhaps the biggest industry to shape our city has been metals and machinery manufacturing. Today, the City of Lynchburg supports 17 metal and machinery firms, which employ more than 870 workers—a number that is 17 times the U.S. average. In order to remain true to our industrial roots, our city will continue building this vital sector with these key objectives during the next five years.

Read More

Topics: Business

What You Need to Know About Lynchburg's Sister Cities

Posted by Lynchburg EDA on Feb 20, 2019 11:29:00 AM

  

Sister cities are social agreements between towns, cities, counties, prefectures, etc. that work to promote cultural and commercial ties. For Lynchburg, there are two of those such partnerships that exist across the globe—Rueil-Malmaison, France, and Glauchau, Germany.

Read More

A Regional Artist and Makers Conference Takes the Stage in Lynchburg

Posted by Lynchburg EDA on Feb 7, 2019 4:04:27 PM

Creative communities are integral components to any city. When artists and makers feel supported and are given the opportunity to thrive, the aesthetics of a city aren’t the only thing that reap the benefits. In fact, cities report a rise in overall economic impact as a result of a flourishing creative center. For Lynchburg alone, the nonprofit arts community alone supports roughly 251 jobs annually and generates around $10.8 million in economic activity.

Read More

This LYH Community Matters

Posted by Lynchburg EDA on Jan 2, 2019 8:47:55 AM

Communities that attract the most talented, highly skilled residents tend to have a strong local identity characterized by a diversity of cultural assets - and Lynchburg has deep cultural roots. Creativity fuels the City of Lynchburg, not only to delight and attract visitors, but also for those that call Lynchburg home.

Read More

Topics: Arts and Culture

Virginia Tourism Corporation Releases Positive Numbers for Lynchburg

Posted by Lynchburg EDA on Oct 5, 2018 12:46:24 PM

The Virginia Tourism Corporation recently announced their 2017 tourism revenue statistics for the Commonwealth, which provided positive insight into the growth the City of Lynchburg has seen. This report, which documents all domestic travel for all Virginia counties in the entire year, represents 133 counties and independent cities and highlights travel expenditures, travel-generated employment and payroll income, as well as tax revenues for federal, state and local government.

Read More

Scholarships Being Offered to All Lynchburg City School Seniors

Posted by Lynchburg EDA on Sep 12, 2018 11:00:00 AM

There’s now even more reason to love and live in Lynchburg, Virginia. Starting with the Class of 2019, all seniors who attend Lynchburg City Schools will have an opportunity for a scholarship at one of the local colleges.

Read More

The Best Resources for Growing Your Business Well in Lynchburg

Posted by Lynchburg EDA on Jul 19, 2018 1:44:48 PM

When you start a business, there’s plenty of excitement, adrenaline and ambition at the beginning. But then you get one year or a couple of years into your business and you devote your energy and time performing a balancing act between finances, objectives and customer relations. As a business owner, your plate can fill up quickly and the idea of growth can seem more daunting than exciting at times—especially when you don’t know where to start. However you’re in luck, because you started your business in Lynchburg, The City of Opportunity. And here, you will find a welcoming, supportive community with resources that can help move your business into the next phase of growth.

Read More

Topics: Development, Launched in Lynchburg, Business

BWXT Announces Strategic Acquisition of Sotera Health’s Nordion Medical Isotope Business

Posted by Lynchburg EDA on May 30, 2018 7:58:36 AM

Lynchburg-based BWX Technologies, Inc. (BWXT) recently announced that it has signed a definitive agreement to acquire Sotera Health’s Nordion medical isotope business. This acquisition accelerates and de-risks BWXT’s entrance into the medical radioisotope market. It will add licensed infrastructure, approximately 150 highly trained and experienced personnel and two production centers to BWXT.

Read More

Topics: Development, Business Attraction, Business