In January, the U.S. Economic Development Administration designated the Roanoke Valley-Alleghany region as an Economic Development District (EDD). This designation enhances the Roanoke Valley-Alleghany Regional Commission’s ability to obtain grants from EDA.
A key function of EDDs is to develop, maintain and assist in implementing a regional Comprehensive Economic Development Strategy (CEDS) and support local governments in short-term planning activities.
The EDD area will be comprised of the counties of Alleghany, Botetourt, Craig, and Roanoke; and the cities of Covington, Roanoke and Salem.
Commenting on the EDD designation, Congressman Bob Goodlatte said, “The ability to attract new economic development, and with that jobs, educational opportunities, and innovation, is key to the growth of any community. This Economic Development District designation is encouraging news for the Roanoke and Alleghany region. I am pleased that the Roanoke Valley-Alleghany Regional Commission’s hard work and perseverance has brought this great opportunity to fruition to help strengthen local economies. I look forward to seeing how our part of the Commonwealth continues to grow.”
Wayne Strickland, executive director of the Regional Commission, said, “The commission recognized the benefits to our region in being designated as an EDD. The designation process took several years to complete, but the time and effort put into obtaining EDD status will result in expanding opportunities for funding important economic development projects in the region.”