Economic Development News 

Christiansburg ranked No. 2 Best Place to Live in Virginia

August 25, 2014 - Christiansburg is the No. 2 best place to live in Virginia, according to California-based credit card analysis website CreditDonkey. Christiansburg outranked several heavy hitters from Northern Virginia, Richmond and Hampton Roads on the Top 10 list, but was edged out by nearby Salem for the No. 1 spot. READ MORE

Business parks booming with growth and opportunity

August 6, 2014 - The business parks in Montgomery County are booming with growth and opportunity. Home of Virginia Tech and the towns of Blacksburg and Christiansburg, the county has had a number of recent expansions in Falling Branch Corporate Park, the Virginia Tech Corporate Research Center, and Blacksburg Industrial Park. READ MORE

Blacksburg startups raise over $4.1 million
Montgomery County, Virginia – Over the past two months four local startups have secured $4.1 million of angel and venture financing. The startups – Fitnet, Heyo, LawnStarter and VirtualU – are located in Blacksburg and will use the funding to continue to scale their businesses. Valleys’ Ventures, LP - a regional venture capital fund that includes the Roanoke and New River valleys – was a major investor in two of the startups. - See more at: http://www.yesmontgomeryva.org/Blacksburg-startups-raise-over-4-million-dollars#sthash.sxzYyC0S.dpuf

May 21, 2014 – Over the past two months four local startups have secured $4.1 million of angel and venture financing. The startups – Fitnet, Heyo, LawnStarter and VirtualU – are located in Blacksburg and will use the funding to continue to scale their businesses. Valleys’ Ventures, LP - a regional venture capital fund that includes the Roanoke and New River valleys. READ MORE

County congratulates local TecNite award nominees and winners

May 16, 2014 - The Montgomery County Economic Development Department congratulates all of the TechNite award nominees and winners. Montgomery County was well represented among the nominees with a total of 47 nominations within the six award categories. Impressively, five of the six awards went to individuals or businesses from Montgomery County. READ MORE

TORC Robotics to expand Blacksburg headquarters and R&D facility

April 30, 2014 - TORC Robotics, LLC (TORC®), a leader in robotic autonomous vehicle solutions, today announced it will expand its corporate headquarters in Montgomery County. The company, currently located in the Virginia Tech Corporate Research Center, will be expanding into a new $2.5 million research and development facility in Phase V of Blacksburg Industrial Park. TORC anticipates creating eight new jobs through the expansion. READ MORE

Blacksburg among fastest-growing places in Virginia

April 15, 2014 - Blacksburg has been ranked one of the fastest-growing places in Virginia, according to NerdWallet.com. The San Francisco based financial information website recently ranked Blacksburg No. 3 on its list of the Fastest-Growing Cities in Virginia. NerdWallet attributed Blacksburg’s high ranking, in part, to new jobs at the Virginia Tech Corporate Research Center and Falling Branch Corporate Park in Christiansburg. READ MORE

Blacksburg ranked No. 5 Best College Town to Live In

March 17, 2014 - Blacksburg has been ranked the No. 5 Best College Town in America to Live In by Movoto Real Estate. The San Mateo, CA. based real estate website compiled the top 10 list to determine the most desirable college towns in America to live in, citing that “colleges and universities bring a level of culture to an area, a level of excitement that’s attractive to many people.” Of the 167 locations evaluated by Movoto, Blacksburg received high marks for being one of the safest places on the list as well as its short commute time. READ MORE

Blacksburg metro area ranked No. 7 Most Secure Small City

January 21, 2014 – The Blacksburg-Christiansburg-Radford metropolitan statistical area is one of the safest places to live in America, according to Farmers Insurance. The Los Angeles-based insurance company recently ranked the area No. 7 on its list of the Top 20 Most Secure Small Cities of 2013. READ MORE

Blacksburg metro area ranked No. 21 Best-Performing Small City in U.S. 

January 9, 2014 – The Milken Institute has ranked the Blacksburg-Christiansburg-Radford metro area the No. 21 Best-Performing Small City of 2013. The annual listing assess how well 179 small U.S. metros are creating and sustaining jobs and economic growth. The Blacksburg-Christiansburg-Radford metro area rose eleven spots on the 2013 list and was the highest ranking small metro in Virginia: Winchester (40), Danville (81), Charlottesville (89), Harrisonburg (106), and Lynchburg (129). READ MORE

Polymer Solutions investing $2.9 million to expand in Christiansburg

December 17, 2013 - Polymer Solutions Incorporated – an independent testing lab and strategic resource for polymer testing, materials analysis, and metals testing – today announced it will invest $2.9 million to expand its Montgomery County operations. The company – currently located in the Blacksburg Industrial Park – will construct a new 20,000-square-foot headquarters and laboratory facility in Falling Branch Corporate Park in Christiansburg. Polymer Solutions anticipates creating at least five new jobs through the expansion.  READ MORE

Blacksburg metro area named a top 10 college town

November 25, 2013 - The Blacksburg-Christiansburg-Radford metropolitan statistical area (MSA) is one of the best college destinations in the country, according to the American Institute for Economic Research's (AIER) College Destinations Index for 2013-2014. Among MSAs with populations less than 250,000, AIER ranked the area the No. 8 College Town in the nation based on its overall economic and academic environment, quality of life and employment opportunities. READ MORE

Christiansburg ranked among top places in Virginia for job seekers

October 11, 2013 - NerdWallet.com, a San Francisco based consumer advocacy website, has ranked Christiansburg the No. 10 "Best Place in Virginia for Job Seekers." The website analyzed population growth, median household income and unemployment rates of 109 places in Virginia to compile its Top 10 list. Of the ten localities recognized, Christiansburg and Chesapeake were the only two outside of Northern Virginia.  READ MORE

Economic indicators on the rise in Montgomery County

September 12, 2013 - Economic conditions in Montgomery County continue to strengthen. According to a recent analysis by the Montgomery County Economic Development Department, several economic indicators have been on the rise since 2010. Employment, annual pay, retail sales, new startups, tourism and residential development have all increased over the past couple of years.  READ MORE

CCS and Harmonia among fastest growing companies in America

August 27, 2013 - According to Inc. Magazine, Montgomery County is home to two of the fastest growing companies in America. CCS and Harmonia were recently named to the magazine's 2013 Inc. 5000 list, a ranking of the top 5,000 companies in the nation based on revenue growth. It is the fifth consecutive year that Harmonia has been recognized as an Inc. 5000 company; the first for CCS.  READ MORE

Blacksburg metro area recognized for job growth

August 1, 2013 - NewGeography.com has recognized the Blacksburg-Christiansburg-Radford metro area as the No. 29 Best City for Job Growth in the U.S.; No. 2 in Virginia. Employment in Montgomery County has jumped 9.2 percent since 2010, dropping the unemployment rate from 8.6 percent to 6.5 percent. Companies expanding in Falling Branch Corporate Park and the Virginia Tech Corporate Research Center are contributing significantly to economic growth in the community.  READ MORE

Rackspace to expand Blacksburg office, create over 100 new jobs in Montgomery County

June 15, 2013 - Governor Bob McDonnell today announced that Rackspace® Hosting, (NYSE: RAX), a global cloud-based company headquartered in San Antonio, TX, will invest $5.5 million to expand its Blacksburg development center in Montgomery County. The company is expanding into a new 31,435 square foot office in the Virginia Tech Corporate Research Center and anticipates creating more than 100 new jobs.  READ MORE

Pinnacle Construction breaks ground on Highlands at Huckleberry Ridge

Rendering of Highlands at Huckleberry RidgeJune 10, 2013 - Pinnacle Construction and Development Corporation, with headquarters in Charlottesville, has begun construction of Highlands at Huckleberry Ridge on a 63 acre site on the north side of Merrimac Road in Montgomery County, in close proximity to the Virginia Tech Corporate Research Center and LewisGale Hospital Montgomery.  READ MORE

Blacksburg named a Best Mountain Town

June 8, 2013 - Blue Ridge Country magazine readers have voted Blacksburg a winner in multiple categories in this year's Best of the Mountains poll. Located in scenic Montgomery County, Blacksburg received gold awards in the following categories: Best Medium Town, Best College Town and Best Retirement Town. In all, Montgomery County and the surrounding region racked over 50 awards through the 2013 Best of the Mountains poll.  READ MORE

Blacksburg metro area named one of "America’s smartest cities"

June 25, 2013 - According to a recent study by Lumosity, the Blacksburg-Christiansburg-Radford metropolitan statistical area is one of the smartest metro areas in the U.S. based on its brain power. Lumosity ranked the metro area No. 14 on its top 100 list of “America’s smartest cities.” The Blacksburg-Christiansburg-Radford metro area was the highest ranking community in Virginia to make the list, just edging out Charlottesville at No. 15.  READ MORE

LinkedIn coming to Blacksburg to  support area small businesses and startups

June 3, 2013 - The Roanoke-Blacksburg Technology Council and the Montgomery County, VA. Economic Development Department are pleased to announce that Silicon Valley-based LinkedIn is hosting an event to help small businesses and startups in the region better recruit professionals and grow their businesses. "LinkedIn Live: Roanoke-Blacksburg" will take place Thursday, June 27, from 1:30 p.m. to 7:30 p.m., at The Inn at Virginia Tech and Skelton Conference Center in Blacksburg. READ MORE

TechNite awards showcase innovation and entreprereurship

May 20, 2013 - The Roanoke-Blacksburg Technology Council (RBTC) held its annual TechNite Awards Banquet at Hotel Roanoke and Conference Center on May 16 to celebrate the regional technology sector. A record crowd of over 500 leaders from business and innovation attended the event. The Montgomery County Economic Development Department sponsored the Rising Star award, which was presented to Blacksburg-based MiserWare. READ MORE

Report showcases economic development in Montgomery County

2012 Annual Report - Click to ViewApril 5, 2013 - The Montgomery County Economic Development Department is pleased to release its 2012 Annual Report. "2012 was another outstanding year of growth and achievement in Montgomery County," said Craig Meadows, County Administrator for Montgomery County. "As you'll read in the report, we experienced over $256 million in new investment during the year, and saw nearly 1,300 jobs created for our citizens. National publications such as Forbes and USA Today recognized our community with accolades that showcase our business environment and high quality of life." READ MORE

OBMS rezoning request moves ahead to bring up to $5 million for schools

March 22, 2013 - The long awaited development plan for the old Blacksburg Middle School property is expected to bring up to $5 million for school capital construction and generate approximately $1 million annually in new town and county taxes once the project is complete. After nearly two years of deliberations, the rezoning request by Fiddlers Green Partners LLC and Modea is expected to be filed early next week. The developer today released details of the 20-acre mixed use development for residential housing, hotel, fitness center, office, retail and open green space for community purposes. READ MORE

Montgomery Co. official joins Startup America for meeting at the White House

February 27, 2013 - A Montgomery County economic development official recently attended a meeting in Washington, D.C., with senior White House and agency officials focused on the importance of fostering vibrant startup communities throughout the United States. Charlie Jewell, Project Manager of Marketing & Business Development for the Economic Development Department, was one of more than 50 individuals from 10 states and the District of Columbia who attended the Feb. 5 meeting at the Eisenhower Executive Office Building, on the White House grounds. READ MORE

Blacksburg metro biggest mover on Best-Performing Small City list

January 22, 2013 - The Blacksburg-Christiansburg-Radford metropolitan statistical area has once again been recognized for its 2012 economic performance. The Milken Institute's annual index of the best performing cities ranked the Blacksburg-Christiansburg-Radford metro area the No. 32 Best-Performing Small City of 2012. Most impressively, the metro skyrocketed 128 spots over its 2011 ranking - making it the biggest mover on the list.  READ MORE

Blacksburg metro ranked No. 2 American City Adding Jobs by 24/7 Wall St.

December 27, 2012 - The Blacksburg-Christiansburg-Radford metropolitan statistical area has been ranked the No. 2 American City Adding Jobs by 24/7 Wall St. Based on Bureau of Labor Statstics employment data for the metro area, the unemployment rate of 5.6% in October was down from a yearly high of 7.2% just three months earlier and more than 8% more jobs were available in October compared to July. READ MORE

Local entrepreneurs recognized among best in Virginia

December 13, 2012 - The Center for Innovative Technologies (CIT) announced the winners of the Gap 50 Entrepreneur Awards today in Herndon, Va. Part of Governor Bob McDonnell’s “Year of the Entrepreneur” initiative, the statewide program is intended to identify and celebrate Virginia’s next generation of entrepreneurs who are creating high-growth companies. Montgomery County was well represented among the finalists and award winners. Impressively, seven of the 50 entrepreneurs who received a Gap 50 Entrepreneur Award were from Montgomery County. READ MORE

Blacksburg named No. 2 best college football town by USA Today

December 6, 2012 - According to a recent survey of over 50,000 USA Today readers, Blacksburg is the No. 2 "Best College Football" Town in America. Home of the Virginia Tech Hokies, Blacksburg was one of 15 college towns included in the survey, all of which were nominated by five sportswriters and broadcasters. Madison, WI. – home of the University of Wisconsin – took home the top spot with Athens, Ga. (University of Georgia), Columbia, S.C. (University of South Carolina), and South Bend, Ind. (University of Notre Dame) rounding out the top five.  READ MORE

Blacksburg metro area ranks high for college students

December 4, 2012 – The American Institute for Economic Research has named the Blacksburg-Christiansburg-Radford metropolitan statistical area one of the top college destinations in the America. According to the 2012 College Destinations Index, the Blacksburg-Christiansburg-Radford metro area ranked high for its quality of life, academic environment and professional opportunities available to students after graduation. READ MORE

Blacksburg named No. 1 place for families, again

November 28, 2012 – Homes.com has ranked Blacksburg the No. 1 Best City to Raise a Family. The national real estate website cited a great educational base and plenty of economic opportunities as reasons for Blacksburg receiving the top spot. Blacksburg ranked ahead of 2) Raleigh, NC ; 3) Plano, TX; 4) Tampa, FL; 5) Boston, MA; 6) Rochester, MN; 7) Pocatello, ID; 8) Phoenix, AZ; 9) Honolulu, HI; and 10) Lincoln, NE. READ MORE

Mobile developer Atomic Axis to open Blacksburg office, create 30 jobs

Atomic AxisOctober 2, 2012 - Atomic Axis, a mobile solutions company based in Austin, TX., announced today that it is establishing an office in Blacksburg, Va. The company’s new satellite office, which will be located at TechPad in downtown Blacksburg, will initially be targeted iOS development and creative roles. Atomic Axis’ decision to locate an office in Blacksburg is anticipated to result in the creation of 30 new jobs in Montgomery County over the next three years. READ MORE

Economic development council recognizes Montgomery County for third consecutive year

September 27, 2012Southern Economic Development Council – The Southern Economic Development Council (SEDC) has recognized the marketing efforts of the Montgomery County, Va. Economic Development Department for the third consecutive year through its 2012 Communication Awards competition. The SEDC honored the department with an Excellent Award for its Community Marketing Brochure and a Superior Award for its commercial real estate website, CRE.YesMontgomeryVA.org. READ MORE

TechPad coworking space expands in downtown Blacksburg

TechPadSeptember 18, 2012 – TechPad will officially launch with an open house on Wednesday, Sept. 19 from 3 p.m. to 7 p.m. at 432 North Main Street, Suite 200, Blacksburg VA 24060. The 6,000 square-foot coworking space in downtown Blacksburg specializes in software startups and hosting entrepreneurial events. Located above PK’s Restaurant, TechPad features three private suites, two conference rooms, as well as reserved coworking desks in a shared environment that includes a kitchen, printer, broadband access, and a dozen bean bags. READ MORE

Student-founded social media company Heyo to expand Blacksburg operation by adding 50 jobs

September 11, 2012 – Governor Bob McDonnell announced today that Heyo, formerly known as Lujure Media Inc., a fast-growing social media company, will invest $100,000 to expand its operation in the Town of Blacksburg in Montgomery County. The company helps businesses drag and drop together Facebook fan pages, mobile apps, and websites. The expansion is anticipated to create 50 new jobs over the next two years. READ MORE

Aeroprobe Corporation to invest $3 million in expansion

September 4, 2012 - Governor Bob McDonnell today announced that Aeroprobe Corporation, a manufacturer of high-accuracy instrumentation and software to capture air or other fluid flow data for applications in the turbomachinery, unmanned air vehile, automotive, and wind turbine markets, will invest $2.2 million initially and $3 million over five years to expand in Montgomery County. The company will construct a new 20,000-square-foot headquarters and manufacturing facility, expandable up to 40,000-square-feet, in Falling Branch Corporate Park in Christiansburg. The project will create 40 new jobs. READ MORE

Blacksburg named a Top 10 College Town by Livability.com

August 31, 1012 - Livability.com has named Blacksburg a Top 10 College Town for 2012. Livability.com's third annual list of the best college towns looked at communities where the college plays an integral part of the economy and culture. Blacksburg ranked 10th on the list for its ratio of students to residents, cost of living and entertainment options. READ MORE

Startup Weekend Blacksburg to host area entrepreneurs September 14 – 16

August 16, 2012 - Startup Weekend, an intense 54-hour brainstorming and business-building event, is coming to Montgomery County September 14 to 16. Startup Weekend Blacksburg will be held at at Rackspace and is open to anyone interested in starting a technology-based business or working on a startup. It's a unique opportunity to develop skills, get hands-on experience in new areas, and test ideas with local entrepreneurs and professionals. READ MORE

Forbes ranks Blacksburg metro among "Best Small Places for Business and Careers"

ForbesJuly 9, 2012 - Forbes magazine has again ranked the Blacksburg-Christiansburg-Radford Metropolitan Statistical Area (MSA) among the “Best Small Places for Business and Careers” in America. The metro - also known as the New River Valley - ranked 32nd in the nation out of 184 MSAs with populations less than 255,000. READ MORE

Blacksburg metro named a 2012 "Leading Location" by Area Development Mag.

June 26, 2012 - The Blacksburg-Christiansburg-Radford Metropolitan Statistical Area (MSA) has made Area Development Magazine’s list of the top 100 "Leading Locations for 2012.” The MSA ranked 6th within the South-Atlantic Region and 64th nationally out of 365 MSAs. Within the Mid-Size Cities category – MSAs with populations between 160,000-600,000 – the Blacksburg-Christiansburg-Radford MSA ranked 25th overall and 20th for “Economic Strength.” READ MORE

Smart grid startup PowerHub expands in Blacksburg

PowerHub SystemsApril 11, 2012 - PowerHub Systems – a developer of interoperable distributed power conversion and energy storage systems for utility smart grid compliant applications – is expanding its headquarters in the Virginia Tech Corporate Research Center in Blacksburg. The company will grow to 2,800 square-feet in Research Building VII and has the potential to create additional new jobs in Montgomery County as demand for its product grows.  READ MORE

Blacksburg MSA named a "Top Metro" for second consecutive year by Site Selection Mag.

March 2, 2012 - For the second consecutive year, Site Selection Magazine has named the Blacksburg-Christiansburg-Radford Metropolitan Statistical Area (MSA) a “Top Metro by Number of Projects.” Within the population category of 200,000 or less, the metro tied 4th nationally for the most new or expanding corporate facility announcements in 2011.  READ MORE

Forbes ranks Blacksburg metro No. 5 Best Small City for Jobs

ForbesMarch 1, 2012 - The Blacksburg-Christiansburg-Radford Metropolitan Statistical Area has been named to Forbes' list of the ten "Best Small Cities for Jobs." The metro ranked 5th nationally against 242 MSAs with less than 150,000 jobs. READ MORE

Montgomery Co. ranks 8th in Virginia for 2011 Business Announcements

Feburary 23, 2012 - Montgomery County was one of the busiest places in all of Virginia last year. In 2011, seven new or expanding companies announced plans to invest $43.5 million and create 572 new jobs in the community. Out of 134 counties/cities in Virginia, Montgomery County ranked 8th for job creation, 15th for investment and tied for 8th most number of business announcements. READ MORE

Regional small business research awards top $34.7 million in 2010

Feburary 1, 2012 - Acconding to a recent Montgomery County Economic Development Department study, Small Business Innovation Research (SBIR) awards continue to post promising growth in the Roanoke-Blacksburg region. From 2006 to 2010, the region’s annual SBIR awards have grown 34 percent from $25.9 million to $34.7 million – an increase of $8.8 million. The Roanoke-Blacksburg region’s 2010 total ranked it 13 nationally when compared to other combined statistical areas – one spot ahead of Austin-Round Rock-Marble Falls, TX.  READ MORE

Inorganic Ventures to invest $1.3 million and create 21 new jobs in Christiansburg

January 18, 2012 - Governor Bob McDonnell announced today that Inorganic Ventures, a leading manufacturer of custom inorganic chemical blends, will invest $1.3 million to expand its headquarters, manufacturing and distribution operation in Montgomery County. The company will add 20,000 square feet to its current facility and create 21 new jobs. READ MORE

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