Our low cost of living, higher education sector, and unique blend of recreational opportunities attract and retain a talented workforce. Our region has an abundance of education and training partners with tools that elevate our workforce.
Quality apprenticeship programs continue to expand beyond the traditional trade models to other sectors such as IT, energy and engineering. Our successes in these areas are bolstered by Lynchburg’s designation as a TechHire Community. The TechHire initiative aims to equip individuals with the technical skills they need to meet employer demand quickly and efficiently. TechHire combines both traditional and non-traditional educational channels and training modules that provide students with valuable skills in months instead of years.
Our proximity to water makes our region an optimal location for the food and beverage industry attraction with more than 25 million gallons per day in excess water capacity. The abundance of water and trained workforce in our region puts us ahead of the competition.
Our growing population couples with rising incomes for a vibrant $8.74 billion economy. Our regional companies are selling to customers all over the globe, exporting ideas, innovation and some of the best advanced manufacturing and machining products in the world. Lynchburg Region retailers enjoy $1.6 billion in annual sales from over a quarter million local consumers and thousands of visitors a year.
In 2015, Gov. Terry McAuliffe announced that our city was awarded re-designation for its Enterprise Zone. The Governor made the announcement with Secretary of Commerce, Trade Maurice Jones and Mayor Michael Gillette in Lynchpin Industrial Park in Lynchburg. “The Enterprise Zone program is an important tool that will help in our efforts to build a new Virginia economy,” said Gov. McAuliffe. “By providing both local and state incentives, we are creating a pro-business climate that not only attracts new businesses, but also helps our existing businesses grow.”
Businesses in Enterprise Zones can earn up to $200,000 in incentives during a five-year period in Real Property Investment Grants. For Job Creation Grants, businesses can receive up to $800 per position per year for five years.