This week in economic development news in Southwest Virginia and beyond:
Fiber broadband is coming to Vinton and portions of Roanoke and Salem. The project has a $3.4 million price tag and will provide an advantage to nearly 650 commercial properties in Vinton. For more information, see The Roanoke Times’ full story, “Officials propose to add 25 miles of fiber broadband to Roanoke County,” here.
Meanwhile in downtown Roanoke, the historic, eight-story Boxley Building will soon receive a major renovation under new owners. Though the purposes for the 39,000 square foot building have not been officially designated, the new owner hopes to develop the building into something that matches the rest of downtown Roanoke and aligns with its vision. Read The Roanoke Times’ full story, “Business Intel: Developer has plans for revival of historic Boxley Building,” here.
Following up on Botetourt’s recent acquisition of Italian auto parts manufacturer Eldor Corp., the company has begun grading the 53-acre site where their first North American manufacturing plant will be. The goal is to have the plant ready by next summer. In choosing the location, Eldor Corp. wanted the area specifically for its natural beauty, which the company is already embracing, according to The Roanoke Times. See the full story, “Lured by Botetourt’s mountains, car parts company Eldor begins work on new plant,” here.
Know of any other economic development news going on in SWVA? Leave a comment below or tweet at us, @VT_EconomicDev.