FROM RADFORD, VA – The City of Radford’s Economic Development Authority presented Thai This Express with a $10,000 Economic Incentive Grant on November 8. Thai This Express qualified for the incentive as they are located within the cities’ Enterprise Zone at 1401 Tyler Avenue.
The Economic Incentive Grant is available to new businesses and is a financial incentive specifically designed for small businesses or entrepreneurs opening a new business within the zone. Upon the first anniversary of the date of the business license, the business may be eligible for reimbursement of applicable taxes remitted by the business in an amount up to $10,000. Thai This Express received the maximum incentive grant following their one year anniversary in October.
Thai This Express ownership credits the community’s support for their continued success both with their food truck and permanent brick and mortar location in Radford. “We now know why Radford is called the “Heart of the New River Valley” – because of the love its citizens and the City’s business development community have shown our little business over this last year,” said owner Brian Lawson.
Thai This Express has been a vital business leader in supporting the Radford community. During the month of November they continue their support as Thai This Express teams up with Vittles for Vets to help support local veterans.
“On behalf of the Radford EDA board, we are very excited to present Thai This Express with the Economic Incentive Grant,” said Dr. Flo Graham, EDA Chair. “Brian, Jang, and their entire team are great representation of the Radford community and we are so happy to have them in our City.”
For more information on local and state incentives, please contact Blair Hoke, Economic Development Director at (540) 731-3603.
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.