New River Valley, VA – The U.S. Economic Development Administration has named a Virginia Tech proposal, titled “The Future of Transportation and Logistics”, as a finalist for the Build Back Better Regional Challenge. According to the U.S. EDA, “[t]he Challenge provides transformational investments to develop and strengthen regional industry clusters across the country, all while embracing equitable economic growth, creating good-paying jobs, and enhancing U.S. global competitiveness.”
Virginia Tech was chosen as one of sixty finalists out of 529 applications from across the country. Each finalist was awarded a $500,000 grant to help develop their final proposal. From the finalists, the U.S. EDA “will ultimately award 20-30 regional coalitions between $25 and $100 million to implement 3-8 projects that support an industry sector.”
The proposed project from Virginia Tech will bring together partners across Virginia’s New River Valley and the adjacent regions to develop three transformational projects that will grow the region’s economy. The projects are:
- I-81 Autonomous-Electric Testbed
- Advanced Air Mobility Testbed
- Industry network for training, talent, technology, and entrepreneurial development
Read Virginia Tech’s project proposal summary for “The Future of Transporation and Logistics” here.
Learn more about advanced manufacturing, unmanned systems, and other industries in Virginia’s New River Valley here.
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.