The New River Valley Development Corporation is a non-profit organization which was formed in 1983 by the Counties of Floyd, Giles, Montgomery, and Pulaski, and the Towns of Blacksburg, Christiansburg, and Pulaski, and the City of Radford. The Corporation consists of four representatives of these eight localities and one additional member appointed by the Planning District Commission. The Development Corporation is representative of business, government, finance, and civic organizations.

The mission of the Development Corporation is to provide business assistance. In discharging that mission, the Corporation provides:

Information and Referral

The Corporation maintains relationships with numerous organizations in the region and beyond to provide those seeking business assistance with contacts which can best address their questions and meet their business development needs.

Financial Assistance

The Corporation is the point of access for loan funds serving the region. The Corporation manages the New River Valley Revolving Loan Fund. These funds are directed toward businesses which are developing an association with one of the incubator facilities, the multi-tenant facility, or are eligible for location in one of the facilities.

Incubator and Multi-tenant Facilities

The Corporation is working with the New River Valley Competitiveness Center.

The Corporation constructed a 54,000 square foot incubator and regional office facility. The Corporation is offering incubator tenants counseling with business plan development, financial management and other business assistance as needed. It also offers meeting space, shipping and receiving, photocopying and faxing services to its tenants.