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.

Porter’s Fabrication Grand Opening

$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 

Retail Strategies

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

Housing Incentive for Professional Educators

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 Expansion

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 

AREVA Expansion

$26.3 million investment in AREVA in Lynchburg
$350,000 performance-based grant from the Virginia Investment Partnership program 

James River Arts & Cultural District Program

Arts & Cultural Grants supported 14 events and programs, 
generating $197,000 in direct investment
and $700,000 in economic activity in 2013. 

Seven Hills Food Receives Agriculture Grant

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

The Academy of Music Theater

524-600 Main Street & 501 Commerce Street
Built in 1912
Public/Private Investments
Renovation Investment: approx. $20 million
Old Assessed Value: $160,000
New Assessed Value: $8,467,700

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