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Economic Development
Entrepreneur District
The Economic Development Authority (EDA) of the City of Roanoke, Virginia, has created the first of its kind Entrepreneurial District within the city to stimulate and support entrepreneurship by offering incentives in the areas of training, research projects, loans and reducing the cost of services. Partners include Virginia Tech, Virginia Western Community College and the Small Business Development Center (SBDC).
Map of the District
Training
Training with key partners such as Virginia Tech and Virginia Western Community College will be offered, including the Virginia Tech Boot Camp, entrepreneurial classes, membership in the Roanoke President's Council, etc.
Research Projects
Assist businesses with the costs of researching new products through Virginia Tech.
Loan
Qualifying businesses would be able to use funds as collateral on loans up to 20% of the loan value. Backing would be capped at $5,000 per business.
Reduced Costs of Services
Some businesses have offered their services at a reduced rate for anyone taking advantage of the district.
Who Qualifies in the District?
- High-technology startups
- Small businesses with less than five (5) employees
- Telecommuting operations
- Professional offices
- Professional services
For more information, contact the Entrepreneurial Administrator at (540) 853-2384.
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