Business Insights & Resources

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.

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Topics: Business, Business Attraction, Development

Pacific Life and Lynchburg, VA

Posted by Lynchburg EDA on Mar 24, 2017 1:53:03 PM

Offering insurance since 1868, Pacific Life provides a wide range of insurance products, annuities, and mutual funds, as well as a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients.

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Topics: Business Retention, Business Attraction

Launched in Lynchburg – Developing Your Business Pitch

Posted by Office of Economic Development on Oct 15, 2016 2:15:57 PM

Whether you are talking to potential investors, colleagues, friends, distributors, or leads, learning how to condense your message and highlight what's important is a skill that every entrepreneur should master.

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Topics: Entrepreneurship, Launched in Lynchburg, Business Retention, Business Attraction

Which U.S. City is the best for startups?

Posted by Lynchburg EDA on Sep 26, 2016 4:00:00 PM

When considering where to start a new business, many questions come to mind. How much will rent cost? How much will I need to pay staff? Are my prospects and suppliers nearby? Will I have a local support system?

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Topics: Entrepreneurship, Business Attraction, Business Retention, co.starters

City of Lynchburg's Office of Economic Development Releases 2015-2016 Annual Report (Part 2/2)

Posted by Office of Economic Development on Aug 25, 2016 12:48:39 PM

Economic Development Programs

The Office of Economic Development works to build a range of local programs and incentives to create and retain jobs, improve Lynchburg's infrastructure and assets, and invest in local quality of life initiatives.

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Topics: Brownfields, Downtown, Technology, co.starters, Development, transportation, Enterprise Zone, Arts and Culture, Entrepreneurship, Business Attraction

City of Lynchburg Office of Economic Development Releases 2015-2016 Annual Report (Part 1/2)

Posted by Office of Economic Development on Aug 19, 2016 8:00:00 AM

Last year was a positive year for the City of Lynchburg's economy. The City's economic investments resulted in new opportunities for entrepreneurs and big businesses alike, a renewed Enterprise Zone, and several other notable accomplishments for Lynchburg, Virginia. To access the annual report, simply view the video above or take a look at the stats below. 

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Topics: Business Retention, Business Attraction, Entrepreneurship, Talent Development

Lynchburg Innovation Week 2016 Draws Hundreds of Business Professionals

Posted by Lynchburg EDA on Jul 11, 2016 11:30:00 AM

Between June 2nd - 4th, hundreds of local business professionals gathered downtown at the Riverviews Artspace to celebrate the city's first Lynchburg Innovation Week. The 3-day event featured a wide range of learning and networking opportunities. Hosted by the Lynchburg Economic Development Authority, Lynchburg Innovation Week was organized by Cities Reimagined, which develops innovative economic development strategies and programming.

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Topics: Business Retention, Business Attraction, TechHire, Redevelopment, Entrepreneurship, Downtown, co.starters

How Enterprise Zones can benefit your Lynchburg Business

Posted by Office of Economic Development on Jun 27, 2016 2:30:00 PM

Lynchburg, Virginia has two Commonwealth of Virginia Enterprise Zones: #2 and #46. These zones span 4,200 acres of commerical property in Lynchburg. The program is managed by the Virginia Department of Housing & Community Development, with the Lynchburg Office of Economic Development serving as the local zone administrator. 

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Topics: Development, Business Retention, Business Attraction, Redevelopment

TRAX partners on TechHire application for technical workforce development

Posted by Lynchburg EDA on Jun 14, 2016 11:00:00 AM

In July, 2015, Lynchburg was the first community in Virginia to be designated a TechHire community. Fifteen local employers in advanced manufacturing, health care and IT  joined with the Lynchburg Economic Development Authority (LEDA) to develop plans for workforce development programs that would provide high quality and accessible technical training locally. In March, LEDA officially submitted to the TechHire grant program

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Topics: Business Retention, Business Attraction, Technology, TechHire, Entrepreneurship

2016 Commonwealth Games of Virginia take place in Lynchburg

Posted by Lynchburg EDA on May 31, 2016 8:00:00 AM

This summer, thousands of athletes will compete in Lynchburg at the 27th annual Commonwealth Games of Virginia. For the past two decades, the event has taken place in Roanoke Valley, where it has been estimated to deliver a $4 million economic impact on the community. This year, it will take place in Lynchburg for the first time. 

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Topics: Business Retention, Business Attraction, Tourism