Onward New River Valley presented the 2020 Regional Impact Awards at the organization’s Fall 2020 Quarterly Investor Live Stream Event. The Regional Impact Awards recognize and celebrate companies that are investing and creating jobs in Virginia’s New River Valley.
Four companies received a 2020 Regional Impact Award from Onward NRV. Over the past year, these award winners have announced 418 new jobs and $22.1 million in capital investment in the region. These jobs are estimated to have an annual payroll of over $38 MM which is projected to increase local consumer spending by $18 M.
The winners of the 2020 Regional Impact Awards are:
TORC Robotics: 350 new jobs and $8.5 MM investment in Montgomery County
Patton Logistics Group: 33 new jobs and $12 MM investment in Pulaski County
Bimmerworld: 15 new jobs and $1.5 MM investment in Pulaski County
Modea: 20 new jobs and $100K investment in Montgomery County
Learn more about the advantages of doing business in Virginia’s New River Valley here.
Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”
Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.