Supporting Lynchburg’s Prosperity
The Office of Economic Development and the Economic Development Authority support innovative development projects in Lynchburg, from historic rehabilitations in our thriving downtown to quality of life improvements throughout the Hill City. Below are some of the signature projects helping to define Lynchburg’s prosperity.
$300,000 Governor's Opportunity Fund Grant used
120 New Jobs in Lynchburg
Collaboration between the City of Lynchburg Economic Development, Lynchburg Economic Development Authority and Virginia Economic Development Partnership
A leading national advisory firm focused on retail market analysis, strategic planning and retail recruitment and development
Conducted a complete retail audit and market analysis of Lynchburg
Includes demographic reports, target segmentation analysis, peer analysis, retail gap analysis and retail void analysis
The HIPE Program is an innovative incentive to support new math and science teachers in grades 6-12 in Lynchburg City Schools. Teachers are eligible for up to $8,000 housing stipend when committing to a three year agreement to live int he City and teach in Lynchburg City Schools.
Hanwha Azdel, Inc. a manufacturer of high-performance thermoplastic composites. A new expansion of the facility will invest:
$21.3 million and 33 New Jobs
$350,000 grant from the Governor's Opportunity Fund
Eligible for Virginia Enterprise Zone Program
$26.3 million investment in AREVA in Lynchburg
$350,000 performance-based grant from the Virginia Investment Partnership program
Arts & Cultural Grants supported 14 events and programs,
generating $197,000 in direct investment
and $700,000 in economic activity in 2013.
Partnership between the Commonwealth of Virginia, the City of Lynchburg and Seven Hills Food, LLC through the Governor's Agriculture and Forestry Industries Development Fund (AFID)
$3 million invested in Lynchburg
43 new Jobs created