Business View Civil and Municipal | April 2021

58 CIVIL AND MUNICIPAL ARIL 2021 Proud to live and work in the greater Lynchburg region Power on. Together. © 2021 Framatome Inc. All rights reserved. to support them. These are the businesses that make our community a great place to be.” The city was able to provide $4 million dollars in Federal CARES Act funds directly to Lynchburg businesses in 2020, with a high percentage being utilized by restaurant, retail, and service industries. The housing market has also shown recent growth, including investment in older homes and neighborhoods. According to Reid Wodicka, Deputy City Manager, “We actually saw a tremendous amount of renovation and rehabilitation of our older housing stock. We have seen some new developments, mostly multifamily right now, because Lynchburg is almost out of space. We’ve built out a lot of the city, and we are seeing a lot of reinvestment in places where it had not been before. We are really excited that people have chosen to invest in the residential market. There are a lot of neighborhoods in the city that are really