Entrepreneurial Community
Vision 2020:The New River Valley uses local ideas and technologies, leverages private investment, and fulfills unmet and future market demands.
The New River Valley is renowned for its innovative technology, and several high-tech businesses have been started by regional entrepreneurs. However, the current New River Valley entrepreneurial community exists largely due to individual efforts, rather than to a concerted approach. Several small business training and support groups exist, and increasing community awareness of them could enhance their usefulness to New River Valley entrepreneurs. Western Virginia has a revolving loan fund but its capital requirements are well beyond that of most entrepreneurs. A microenterprise loan fund has been established in Southwestern Virginia, but it cannot meet all the needs of New River Valley entrepreneurs. For small loans, regional entrepreneurs usually must seek funding outside the State.
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Last Edited: 2-15-00