OED Weekly Roundup: Week of March 14, 2016

This week in economic development news in Southwest Virginia and beyond:

In especially exciting news out of Botetourt County, around $246.5 million and over 500 new jobs are coming to the Roanoke region by 2021, thanks to the Greenfield industrial park’s newest acquisition: Eldor Corp. The company produces auto parts globally, and its plans for Botetourt County mark its first North American manufacturing venture – and Roanoke Valley’s largest manufacturing jobs expansion since before the Great Recession, according to The Roanoke Times. Check out the full story, “Botetourt County’s 350 industrial jobs deal largest for Roanoke Valley since before recession,” here.

Virginia Governor Terry McAuliffe recently announced new incentives for companies looking to hire apprenticeships. Employers interested in the incentives can apply for the program, which seeks to encourage apprenticeships in the Commonwealth for the tech sector especially, offering up to $10,000 in funding. Read the full press release, “Governor Announces Launch of New Fiscal Incentives for Companies Sponsoring Registered Apprenticeships in Select Occupations,” here.

The Roanoke Times reports that, in the development of the Amtrak passenger rail service in Roanoke next year, the city is looking to make Norfolk Avenue a one-way street to accommodate the passenger boarding location. For more information on the progress of the Amtrak service, see the full story, “Plan would trim Norfolk Avenue to one-way traffic to accommodate Amtrak platform,” here.

CoLab, a shared workspace located in Roanoke’s Grandin area, is on the lookout for commuters in the SWVA area who might be interested in working closer to home. The outreach is ongoing as CoLab talks to companies whose employees may live closer to CoLab than their own workplaces. CoLab is offering their space to these employees for convenience. See The Roanoke Times’ full story, “Roanoke’s CoLab adds service to relieve Southwest Virginia commuters,” here.

Know of any other economic development news going on in SWVA? Leave a comment below or tweet at us, @VT_EconomicDev.

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