The wireless communications industry is the 24th largest economy in the world, and is only projected to grow as technology advances. In the U.S. alone, the sector contributes $475 billion annually to the national economy, supporting 4.7 million jobs. In the City of Lynchburg, the wireless communications cluster exceeds the U.S. average by 84 percent. Here is an overview of the sector and how we are anticipating its growth over the next 5 years.
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.
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.
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.
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.
Topics: Arts and Culture
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.
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.
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.
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.
In our personal lives, we’re often not afraid to seek out help. We hire personal trainers to help us eat right and get in shape. We seek out financial advisors to help us maximize our investments. And, we look to therapists and mental health professionals to help us manage our day-to-day stresses. So, why wouldn’t the same concept apply to our business?