The Economic Development Authority (EDA) is a political subdivision of the Commonwealth of Virginia. As the City’s incentive and investment arm, the EDA works behind the scenes to support local business, attract new development, and strengthen our economy. Whether you’re launching a business, growing an established company, or investing in our community, the EDA is here to help you succeed.

We offer guidance on available incentives, support site development, and connect businesses and institutions to the resources they need to thrive in Lynchburg.

The Economic Development Authority meets monthly on the third Thursday at 8:30 a.m. in the Office of Economic Development. Any changes to this meeting schedule are posted in City Hall and released to the media. Meetings are open to the public, and you can access available recordings and notes here.

Headshot image of Richard Tugman

Richard Tugman

Vice Chair

Headshot image of Pat Mosby

Pat Mosby

Secretary-Treasurer

Headshot image of Kim Soerensen

Kim Soerensen

Assistant Secretary-Treasurer

The Economic Development Authority meets monthly on the 3rd Thursday at 8:30 a.m. 

Recorded Meeting Archive

April 2024 meeting experienced technical difficulties recording. Minute meetings are shared below.