Radford Promotes Local Economy

The City of Radford is aggressively working to promote its local economy. In recent months, the national and local economy have been showing signs of movement away from stagnation. The stock market, jobs expansion, growth in building permits, increases in real estate sales, and private investment are all indicating positive trends.

The City of Radford is focused on nudging local economic development efforts from several angles. These include the ease of getting local permits, the low cost of doing business, establishment of Small Business Assistance Centers to advancing local incentives, job creation and investment incentives, a broadened housing opportunities, as well as reliable and available city-wide utility service.

A Director of Economic Development will be sought after with the specific goal of recruiting business for our commercial and industrial areas, as well as overall business development. The position will be responsible for developing and marketing Radford assets based on a strategic vision for a robust economy. Elements of that vision will include market trends, overall property availability, retaining local graduates, as well as creating networking opportunities with institutions of higher education, real estate specialist and the state department of economic development.

The City will be working over the next several months to get tools and assets in place as we embark on an extensive marketing and recruitment effort. Site identification and enhancement, infrastructure improvements, support companies and suppliers identified, workforce evaluation and training opportunities, brand advancement will all be a part of the economic development challenge.

The City of Radford is an excellent community to live, work and play, as reflected in its successful business, quality educational system, reliable public services, recreational amenities, historic heritage and the home of Radford University.

Plans are to have the position of Economic Development filled by April.