The New River Valley Development Corporation is a non-profit organization which was formed in 1983 by the Counties of Floyd, Giles, Montgomery, and Pulaski, and the Towns of Blacksburg, Christiansburg, and Pulaski, and the City of Radford. The Corporation consists of four representatives of these eight localities and one additional member appointed by the New River Valley Planning District Commission. The Development Corporation is representative of business, government, finance, and civic organizations.
The mission of the Development Corporation is to grow businesses and jobs through the provision of business assistance. In discharging that mission, the Corporation provides:
Incubator and Multi-tenant Facilities
The Corporation is working with the New River Valley Business Center.
The Corporation constructed a 54,000 square foot incubator and regional office facility. The Corporation is offering incubator tenants a place to grow their business with industrial and commercial/office space available. With shared meeting spaces, shipping and receiving, photocopying and faxing services, the New River Valley Business Center offers a professional space to grow in an environment that is friendly to new businesses.
The Corporation is the point of access for loan funds
serving the region. The Corporation manages the New River Valley Revolving Loan Fund.
These funds are directed toward businesses which are developing an association
with one of the incubator facilities, the multi-tenant facility, or are
eligible for location in one of the facilities.
Information and Referral
The Corporation maintains relationships with numerous organizations in
the region and beyond to provide those seeking business assistance with
contacts which can best address their questions and meet their business