On April 9, 2019 Kevin Byrd, executive director of the New River Valley Regional Commission, provided testimony before the U.S. House of Representatives Subcommittee on Economic Development, Public Buildings, and Emergency Management.
The New River Valley Development Corporation board approved a $35,000 loan from the NRVDC revolving loan fund to Portia Thompson for a planned expansion of her pharmacy business in Floyd, The Pharm House LLC.
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 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.
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.
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).