The Lynchburg Region’s TBED Plan

A complete regional economic development plan addresses four major elements:

  1. Marketing – “Tell the Story”
    • Site Selectors
    • Recruitment & Leads
    • Promotion
    • Events and Conferences
  2. Innovation – “Ideas”
    • R&D Capacity
    • Commercialization
    • Entrepreneurship
    • STEM Initiatives
  3. Workforce & Leadership – “People”
    • Leadership Lynchburg
    • WIB
    • CVCC
    • K-12
  4. Infrastructure – “Tools”
    • Sites
    • Buildings
    • Broadband
    • Utilities

Three of the above four segments are currently led by a regional partner:

  • Marketing – LRBA economic development
  • Infrastructure – regional economic development offices and the Central Virginia Planning District Commission (CVPDC)
  • Workforce – Workforce board

This regional TBED plan addresses the fourth element of Innovation or “Ideas”- an area often referred to as technology based economic development or TBED.