Lynchburg region receives GO Virginia grant to prepare industrial sites
The GO Virginia Board announced its approval of the Lynchburg Regional Business Alliance’s site readiness grant application on June 24. The Alliance’s Site Readiness Grant will advance a portfolio of six existing commercial/industrial sites along the site readiness scale and clarify next steps for moving all sites to at least Tier III on the Virginia Business Site Readiness Scale.
This project will complete the site improvement phase that is the due diligence process in the development phase in the Region 2 Growth & Diversification Plan. The Commonwealth as a whole and Lynchburg region are lacking in inventory/quantity of significantly larger sites. This project would move six sites closer to that level with the completion of due diligence. A site from Appomattox, Amherst, Bedford, Campbell counties, and the City of Lynchburg are all included in the plans for site improvement.
“In 2017, the Lynchburg region created our five-year comprehensive economic development strategy (CEDS). The improvement of our region’s industrial parks was listed as a top priority. The receipt of this GO Virginia site improvement grant is a direct result of our region’s collaboration, the dedication of the Alliance team to execute initiatives created by regional stakeholders, and our municipal partners forward thinking as it relates to economic development”, said Larry Jackson. Jackson serves as the chair of the regional CEDS steering committee and External Affairs Director for Appalachian Power.
GO Virginia is a statewide initiative designed to encourage Virginia’s economic growth through the creation of high-wage jobs. The Lynchburg Region is included in the Region 2 footprint which also includes the Roanoke and New River Valley regions. Virginia Tech’s Office of Economic Development serves as Region 2’s support organization.