GO Virginia Region 2 has approved funding for a new Site Advancement Strategy in Virginia’s New River Valley.
The project will invest $94,400 in state funds and $108,479 in regional contributions to strengthen the readiness of industrial sites across Floyd, Giles, Montgomery, and Pulaski counties, as well as the City of Radford.
The strategy, managed by the New River Valley Regional Commission in collaboration with Onward New River Valley, will build on the region’s 2019 Virginia Business Ready Sites Program (VBRSP) assessment. Since that time, infrastructure upgrades, landownership changes, and evolving market conditions have made an updated evaluation necessary. Each locality will select one priority site for review, and a regional site will also be included to create a portfolio of sites at varying levels of readiness.
By addressing infrastructure gaps, evaluating environmental constraints, and providing a clear path through the VBRSP readiness tiers, the project will help the region overcome the New River Valley’s ability to attract employers in high-wage industries. By preparing sites for future investment, the New River Valley can expand its ability to attract employers and create long-term job growth.
For more information, contact Leo Priddy at lpriddy@nrvrc.org.
New River Valley Regional Commission
