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 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.
Please join the Lynchburg Office of Economic Development for the annual Enterprise Zone "How to Qualify" meeting and workshop on Tuesday, February 7th at 5:30 p.m. in the GTLC Transfer Center Conference Room, 800 Kemper Street.
Lynchburg City Council will conduct a public hearing on TUESDAY, November 8, 2016 at 7:30 pm
in the Council Chambers, 1st Floor, City Hall Building, 900 Church Street. At this time and place citizens may be heard regarding the application to the Virginia Department of Housing and Community Development to amend the geographic boundaries and local incentives for Enterprise Zone #2 and #46.
Topics: Enterprise Zone
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, a renewed Enterprise Zone, and several other notable accomplishments in Lynchburg, Virginia.
Five Lynchburg start-ups that completed the City’s first CO.STARTERS program received Community Business Launch grants totaling $40,000 at an awards ceremony on Thursday. Businesses will start or expand their business operations in Lynchburg’s Enterprise Zone 2.
The Lynchburg Office of Economic Development (LOED) and the Lynchburg Economic Development Authority (LEDA) were recently awarded a grant through Governor McAuliffe’s Virginia Community Business Launch Grant program. The program is managed by the Virginia Department of Housing and Community Development and designed to support Lynchburg's growing community of entrepreneurs.
Lynchburg is one of only seven localities to receive this grant. The Lynchburg Economic Development Authority, with additional support by Lynch's Landing, will distribute this grant funding through four programs:
The Virginia Department of Housing and Community Development, the state agency responsible for the Enterprise Zone program, have scheduled a series of How-to-Qualify workshops around the state.