NRV Poised to Benefit from Project VITAL

Montgomery County, VA – GO Virginia Region 2 recently reported that they have joined a multiregional initiative across the Commonwealth, Project VITAL: Virginia Innovations and Technology Advancements in Life Sciences, to make Virginia a biotechnology hub. According to the press release, Project VITAL is set to “establish new research cores, expand workforce development programs, and create a collaborative network connecting academic institutions with industry partners across the commonwealth’s biotechnology corridor.” As part of the GO Virginia Region 2 coverage area, Virginia’s New River Valley (NRV) is poised to significantly benefit from the $14.3 million investment to support Project VITAL.

Through the collaboration of the Roanoke Blacksburg Innovation Alliance (RBIA) , Virginia Tech, and Carilion Clinic in Project VITAL, the NRV will benefit from expanded research infrastructure, access to capital for biotech startups, and specialized programming to support new ventures. With a focus on talent recruitment, branding, and startup operations, the initiative will help drive economic growth in the region.

Project Vital is projected to create a total of 1,315 jobs over the next five years with an expected total economic impact of $40.8 million.

GO Virginia is a statewide initiative designed to encourage Virginia’s economic growth through the creation of high-wage jobs. Region 2 consists of the cities of Covington, Lynchburg, Radford, Roanoke, and Salem and the counties of Alleghany, Amherst, Appomattox, Bedford, Botetourt, Campbell, Craig, Floyd, Franklin, Giles, Montgomery, Pulaski, and Roanoke.

Discover more about GO Virginia Region 2 here.

Read the GO Virginia press release here.

Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.