FOR IMMEDIATE RELEASE
Date: December 15, 2022
City of Lynchburg Awarded Funding for Airport Commerce Park Regional Development Project
CITY OF LYNCHBURG— On December 13, 2022, the GO Virginia State Board announced its approval of a Region 2, City of Lynchburg collaborative project aimed at growing the regional economy for the Airport Commerce Park Regional Development. The project is a collaboration between the City of Lynchburg, Campbell County, and Lynchburg Regional Airport. The GO Virginia board approved a total of $190,000 in state funds for the project.
The Airport Commerce Park Regional Development will advance the Airport Commerce Park site from a Virginia Business Ready Sites Program characterization of Tier 2 to Tier 3 to strengthen its competitive position in the global marketplace and attract advanced manufacturing and technology, with a specific focus on aerospace. The location is strategically located to accommodate all modes (air, ground and rail) of transportation for business development.
“Site development is critical for the City of Lynchburg, and this funding will help develop a site that is in a great location for industrial growth,” said Marjette Upshur, director of the City of Lynchburg’s Office of Economic Development & Tourism. “The site is road, rail, and air accessible and will positively position Lynchburg and Campbell County for a number of opportunities for business, industrial and aeronautical uses.”
This site is one of just two City-owned industrial properties over 100 acres. Funding will support a traffic impact analysis, preliminary geotechnical exploration and report, Phase 1 environmental site assessment, waters of the US delineation and determination, cultural resources review, threatened and endangered species review, and a preliminary engineering report.
This effort will be completed within the first 12 months. The localities will continue to collaborate to secure additional funding sources for the construction of the initial infrastructure.
Office of Economic Development & Tourism