The New River Valley Development Corporation board unanimously approved a $20,000 loan from the NRVDC revolving loan fund to Michelle Goodman for her Sweet & Savory Donuts and Bagels LLC. This new restaurant in Radford will offer smoothies, lunch items, and of course donuts and bagels
Workforce Development is a critical activity every month, but in September, the New River/Mount Rogers Workforce Development Board will have several events highlighting a variety of initiatives. New River/Mount Rogers Workforce Development Board has a new brand!
The Town of Narrows has received a 2019 Virginia Main Street Commercial District Affiliate grant from the Virginia Department of Housing and Community Development through the Virginia Main Street (VMS) Program, the state’s coordinating program for Main Street America.
The New River Valley Business Center (NRVBC) is home to many small businesses and entrepreneurs, with businesses ranging from high-tech manufacturers to professional and personal service providers. The NRVBC’s primary purpose is to support the success and growth of these small businesses, but the facility’s convenient meeting room rentals and affordable, flexible production and office suites appeal to businesses of any size.
The Town of Pembroke is finishing up an array of downtown improvement projects as part of the RALLY Southwest Virginia program. RALLY is a mini-grant program which provides a $3,000 award to communities in Southwest Virginia to implement a community development project through a team structure.
The New River Valley Development Corporation’s revolving loan fund has over $40,000 available to lend to small businesses in the New River Valley. The loan fund helps small businesses to buy equipment, upgrade facilities, or secure working capital to expand their operations. Typical loans range from $10,000 to $20,000 or more, depending on the needs of the business and the type of collateral on offer.