The NRV Business Center is a Regional Business Incubator for Small Businesses and Business Startups is at 100% Capacity for the First Time in its History
December 10, 2019, the New River Valley Development Corporation that owns and manages the New River Valley Business Center announces today that they have successfully filled every available space in the building. The 55,000 square foot facility, established in the late 1990’s to support small businesses and serve as an incubator for business startups in the New River Valley, is now full for the first time. Over the past 20 years, the Business Center has been an economic driver for private enterprise in the New River Valley.
“The New River Valley Development Board has worked very hard over the years to provide a platform for people to start businesses of all types,” stated Christiansburg Mayor Mike Barber, Chair of the New River Valley Development Board. “What pleases me the most is that 32 different organizations have their offices here and are providing employment to over 85 people.”
The Center, which was founded in 1998 and located in Fairlawn, VA (Pulaski County), is supported by Pulaski and Floyd Counties, the Towns of Christiansburg, Pulaski and Blacksburg, and the City of Radford. “The Business Center provides more than office incubation space, offering up over 20,000 square feet of mixed-use manufacturing space that can also accommodate small manufacturers that are looking for a place to launch,” stated Michael Solomon Business Center Manager.”
“This is about so much more than simply reaching a milestone, it is about celebrating the diversification and number of jobs that exist because of this regional resource,” stated Jon Wyatt, Chair, Pulaski County EDA. “The most exciting part of all of this is the growth potential for these companies that exists beyond the walls of the Business Center and the impact they will ultimately have in continuing to grow the New River Valley economy.”
The Business Center is located in the New River Valley of Virginia, and hosts 32 different organizations that represent many different business sectors that include advanced manufacturing, government services, the New River Valley Regional Commission, financial services, hemp processing and engineering services to name a few.