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Roanoke/New River Year-in-Review: Meeting the demand
The Roanoke and New River Valley regions each had their most successful economic development year in recent history, according to John Hull, executive director of the Roanoke Regional Partnership. That’s thanks to $387 million worth of economic investments announced in 2023, potentially creating thousands of jobs. Roanoke County landed the biggest fish, with Wells Fargo […]
NY foundation invests $10M in Appalachian Community Capital
Appalachian Community Capital, a Christiansburg-based community development financial institution that provides capital for small businesses across the Appalachian region, will receive an additional $10 million investment in the form of a low-interest loan from the Ford Foundation, the New York-based nonprofit announced Wednesday. The Ford Foundation initially invested $3 million in ACC in 2015. A[...]
Radford Army plant contract extended through 2026
While the contract extension for operation of the sprawling Radford Army Ammunition Plant is reassuring from an economic development perspective, it also has sentimental value to the community. “The Radford Army Ammunition Plant means a lot to our BAE Systems workforce, but also to the generations of families in our community that have kept the […]
Manchin hits gas on Mountain Valley Pipeline
First proposed in 2014, the 303-mile, $6.6 billion Mountain Valley Pipeline has seen its construction progress delayed time and time again by federal courts, regulators and environmentalists. Indeed, MVP has faced so many setbacks that NextEra Energy Inc. said in February it was reevaluating its investment in the natural gas pipeline, citing “a very low […]
Generation next
There’s a new wave of “super collaborators” driving economic development in the Roanoke and New River valleys. Many of the top positions in the region‘s public and private sector economic development engines have turned over in the past couple of years. In multiple cases, individuals who had held positions for decades decided to retire or […]
