Lynchburg, Virginia

LYNCHBURG, V I RGINI A established benchmark communities across the country we wanted to look at that we felt were peer or aspirational communities for us. “Right now, Lynchburg’s population is about 80,000 and growing rapidly – we’re actually one of the fastest growing cities in Virginia. We are projected to grow another 17 percent by 2040 based on University of Virginia estimates. Another interesting figure about the city from a demographic standpoint: our average age is 28, so we are really a young city, which I think surprises a lot of people. That certainly speaks to the colleges and universities in the area, but also that we are a youthful, growing city. “We have a really good tax base mix. Our colleges and universities and healthcare institutions are not-for-profit, and they actually own about 23 percent of the city’s land, making them tax-exempt. Our target industries, and existing industry strength, include very strong advanced manufacturing, particularly metals and machining, electronic components, and conveyor systems. We also have two of the largest nuclear engineering companies headquartered in the city of Lynchburg: BWX Technologies Inc. and Framatome. Framatome services existing nuclear power plants in the western hemisphere, and people who work on nuclear power plants all over the world come to Lynchburg to train with Framatome. BWXT is the number one provider for the U.S. Navy for nuclear reactor components. But they are also diversifying into interesting spaces like nuclear medicine.” Regarding Lynchburg’s downtown, Bentson relates, “The City adopted the Downtown Riverfront Master Plan in 2000 and progressively said they were going to budget a million dollars a year for 20 years to downtown infrastructure improvements. We have seen tremendous investment, certainly on the public side, where we have done streetscape work, water line replacement, major infrastructure projects, and some place making projects. That has really driven private investment. We’ve seen property At Innovative Wireless Technologies, we are problem solvers. We don’t outsource to an engineering group, we are the engineering group. Our forward thinking, out-of-the-box approach to problem solving makes us the go-to resource for clients across a multitude of markets. If you can dream it, we can make it happen -- wirelessly . Always thinking. Always solving. Always innovative. Innovative Wireless Technologies, Inc. 1100 Main. St., Lynchburg, Virginia 24504 Learn more at iwtwireless.com Solving problems -- wirelessly.