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Treney Tweedy

Lynchburg City Council 2022

“Leading Lynchburg Forward”

Economic Growth

A pro-business environment is key to providing jobs and opportunities for our residents. Although the pandemic provided numerous challenges to our business community, most were able to make the necessary adjustments to continue operating. The city also stepped up to support our businesses. I proudly supported efforts to assist the business community with grants and technical support during those challenging times.

 

Companies and small businesses continue to choose Lynchburg to start their dream businesses or invest in growing their current enterprise, proving our city is still a place where businesses want to be!

Recent Business Investments

Virginia Metal Treating...$5.7 Million

Cloudfit Software...$9.7 Million

Woodspring Suites...$9,350,000

Flowers Bakery...$29 Million in reinvestment

River Ridge Mall...$57Million

Bausch + Lomb...$35 Million in reinvestment

Some of the City efforts to support local business include:

In the summer of 2020, the City of Lynchburg received funding from the Coronavirus Aid, Relief and Economic Security (CARES) Act to assist in the relief and recovery efforts related to the COVID-19 pandemic and Lynchburg City Council allocated $4 million of these funds for a business recovery grant program to be administered by the Economic Development Authority.

Economic Development & Tourism staff developed a one-time fund that offered financial assistance, ranging from $2,500 to $20,000 based on employment, to businesses and nonprofit organizations whose operations were either closed or restricted by the Commonwealth of Virginia in response to the novel coronavirus.

In November 2020, the City launched the Restaurant Winterization Program for eligible businesses to receive patio heaters or reimbursement grants for winterization expenses. This program distributed $15,565 in reimbursement grants and 75 outdoor heaters to restaurants

Worked with community partners to provide wraparound services and support. The Small Business Development Center provided business consultation and counseling, and HealthWorks, Centra and Piedmont Community Health Plan provided health and safety consultations and town hall opportunities.

$3.2 million distributed; 336 businesses and nonprofits received support; 38 businesses received winterization support; 76% has 10 employees or less

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