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2016 EDA Annual Report Available

eda2The Economic Development Authority announced today that its Annual Report 2016 has been delivered to the Community and is now posted on EDA’s web site: wceda.com/abouteda.  “We enjoy the process of reporting on our activities during the previous fical year,” said Jennifer McDonald, Executive Director of the EDA. “It becomes a living inventory of our accomplishments as well as a measurement instrument for our direction forward in accomplishing the goals set forth by the Board of Directors through our Strategic Plan.”

EDA’s accomplishments for 2015-16 include:

  • Assisted (67) businesses with location or expansion in Front Royal-Warren County in fiscal year 2015-16; Created 235 new jobs, including 107 industrial jobs, 32 retail jobs, 21 office jobs, 18 trade related jobs, 19 restaurant jobs, 3 technology jobs, and 35 temporary construction jobs.
  • Assisted Toray Plastics America and Interbake expansions projected to create an additional investment of $62 million and 61 new manufacturing jobs; Sold 30 acres at Avtex to ITFederal, LLC, a data processing company that will build a 67,000 square foot facility in three phases to house technology jobs (at salaries ranging from $40,000/year to $120,000/year) and mixed-used retail; ITFederal is due to break ground on this project in Spring 2017.
  • Served as Project Manager for the Leach Run Parkway project connector between John Marshall Highway and Happy Creek Road; this project is 2/3 complete and projected for completion in June 2017.
  • In discussions with developers/users for the Afton Inn (Main Street anchor building);
  • Continued work with a potential user of the old Town Hall building;
  • Continued work with Town on a connector road between Kendrick Lane and West Main Street creating a traffic short-cut and connection to downtown Front Royal;
  • Continued work on building a 36-unit workforce housing project to serve the middle income workers of Front Royal-Warren County. This project was approved by the Front Royal Town Council on November 14, 2016;
  • Created a regional entrepreneur networking club, VENture (Valley Entrepreneur Network); that met monthly for two years and populated the first regional entrepreneurship competition;
  • Developed a regional entrepreneur competition in partnership with SBDC, NSVRC, People Inc., Shenandoah County, Clarke County, Page County, etc., encompassing the Northern Shenandoah Valley Planning District area. This program of education and competition has been highly acclaimed throughout the region and at the SBA in Richmond Virginia; Currently working on the second year of the program (RISE 2017);
  • Assembled the Workforce Roundtable committee of community leaders, industry leaders, public school officials to address workforce challenges;
  • Became host site (at Avtex) for CDL Training through Lord Fairfax Community College Workforce Solutions.

This is just some of the work outlined by the EDA in their Annual Report 2015-16. “We’ve had a very busy and productive year and look forward to completing several large projects in 2017. Our commitment is to the health of our community and quality of life for its citizens,” said McDonald.

For more information and to read the Report, www.wceda.com/abouteda.