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Pearisburg and Rich Creek Receive Grants for Downtown Revitalization

Pearisburg and Rich Creek Receive Grants for Downtown Revitalization

The Virginia Department of Housing and Community Development (DHCD) has announced the Towns of Pearisburg and Rich Creek have each received grants of nearly $700,000 through the Community Development Block Grant program. The grants provide funding to construct public space improvements and repair the facades of commercial buildings in the downtown ‘Main Street’ areas of both towns, as part of a broader strategy to increase business investment in vacant downtown buildings, and attract visitors and customers to spend money in the downtown areas.  The grants are the latest investment by DHCD in Giles County, which has supported a similar project in Narrows, as well as several smaller projects that build on Giles County and the towns’ efforts to increase economic opportunities and business development, with a focus on promoting the County’s many outdoor recreation amenities and connecting them to the towns’ business districts.   Over the past several years, Giles County and the towns have been working with regional and state partner agencies to transform downtown areas into thriving commercial districts again. A recent planning process supported by the Virginia Department of Housing and Community Development (DHCD) outlines an array of projects to advance a ‘Main Street approach’ to downtown revitalization in each town (more on the Virginia Main Street program at: http://www.dhcd.virginia.gov/mainstreet). The related initiatives include: planned physical improvements to downtown buildings and public spaces to create attractive destinations for visitors and new businesses; the expansion and coordination of small business development support resources, and; tourism promotion and marketing efforts designed to connect downtown-based businesses to potential customers—with a special focus on the many visitors to Giles County’s numerous...
Appalachian Power Supports NRV Commerce with EDGE Grant

Appalachian Power Supports NRV Commerce with EDGE Grant

The New River Valley Commerce Park, which is an AEP certified site, received support for its efforts to market the park to industries with a $10,000 grant. Plans for the grant include marketing efforts to expand the visibility and awareness of the park among prospective industries and site selection consultants. Over the last year, interest in the NRV Commerce Park has increased including inquiries from 11 prospective tenants and site visits by three companies. Pictured above from left to right: Danny Wilson, Executive Director, Virginia’s First and John Smolak, Appalachian Electric Power. For more information about the NRV Commerce Park, go to www.nrvcommercepark.com or contact Christy Straight (cstraight@nrvrc.org), (540) 639-9313, ext. 209. Share...

New River Valley Comprehensive Economic Development Strategy 2018-19 Update

NRVRC staff have begun the 2018-19 update process for the New River Valley Comprehensive Economic Development Strategy (CEDS) document.  The CEDS provides a review of economic data and conditions for NRVRC jurisdictions, identifies goals and strategies that help to address these regional issues, and prioritizes regional economic development projects that the region can undertake to achieve these goals.  The CEDS documents from previous years are available on our website: http://nrvrc.org/what-we-do/economic-development/comprehensive-economic-development-strategy/ This year’s CEDS update process will bring major changes, as NRVRC staff conduct a regular five-year ‘overhaul’ of the CEDS, updating data and revising the CEDS report content to reflect the most recent available economic data, and to align the CEDS strategies with the most recent goals and initiatives of regional and local economic development stakeholder groups. Concurrently, NRVRC staff are working to supplement the standard written report of the CEDS with a parallel web-based format which will provide a more interactive experience that allows users to browse CEDS content by section or by strategic focus areas, such as workforce development or entrepreneurship, and explore related data and partner activities. With data mining underway, the next step is to convene the CEDS think tank, a group of 25 volunteers who represent economic development-related organizations around the New River Valley. The diverse committee has a broad understanding of the regional economy, and a deep knowledge of specific issues that contribute to the region’s economic health.  This year’s committee contains representatives with a variety of expertise, including finance, international trade, small business development and entrepreneurship, educational institutions (both K-12 and higher ed), manufacturing, workforce development, and local government, among others. These...

NRVRC coordinates $85,000 GO Virginia grant to expand small business resources in the New River Valley

New River Valley Regional Commission staff have been working with the Roanoke Regional Small Business Development Center (SBDC) to pursue a grant from the GO Virginia regional economic development program. The GO Virginia Region 2 council awards grants to economic development projects that advance high-wage job creation in their area (Region 2 includes the New River Valley, Roanoke, and Lynchburg regions).