EDA hears business-retention briefing; Falling Branch infrastructure work moves forward
June 16, 2026 | Montgomery County, Virginia
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The Montgomery County Economic Development Authority received an update on business-retention and expansion efforts and a progress report on infrastructure work at Falling Branch Corporate Park.
Brenda, the EDA presenter, described routine outreach to a range of companies (she said she made roughly 71 visits last year) and the authority's role connecting employers to regional and state resources: the Small Business Development Center, workforce and training partners including Virginia Works, the workforce investment board, BEDP programs (talent accelerator and customized training), NRCCU and the corporate research center. She said the EDA helps with introductions, funding sources, recruiting and permitting support.
Brenda highlighted recent engagements with three companies discussed in closed session and named Farmy Energy and Postar as current contacts. She said Farmy Energy is advancing a pilot and seeking a 3,000'to'5,000-square-foot site; Postar is considering selling property for redevelopment. Brenda noted two NBC loans were issued this year and the EDA continues direct outreach to retain employers.
On Falling Branch, staff reported the site is graded and substantially complete with a small punch list remaining for town acceptance. The authority executed a purchase order with Atmos Energy for about $141,000 to place a 6-inch natural-gas main across roughly 2,800 linear feet, a prerequisite the staff said is needed for a Level 5 BD-P certification. The EDA previously approved a pump-station contract for $377,740 and issued the notice to proceed; shop drawings have been submitted and staff expects the pump-station work to be completed in about four months.
Staff also noted a road grant tied to the site (discussed as roughly $750,000 in the meeting record) carries a repayment schedule if the parcel is not occupied by April 2028: repayment would begin at 20% per year for five years, staff said. The EDA will continue coordination with the town of Christiansburg on road acceptance and monitor punch-list completion.
The board discussed scheduling for future meetings and agreed to move the July meeting start time from 11:30 a.m. to 12:00 p.m.
Brenda, the EDA presenter, described routine outreach to a range of companies (she said she made roughly 71 visits last year) and the authority's role connecting employers to regional and state resources: the Small Business Development Center, workforce and training partners including Virginia Works, the workforce investment board, BEDP programs (talent accelerator and customized training), NRCCU and the corporate research center. She said the EDA helps with introductions, funding sources, recruiting and permitting support.
Brenda highlighted recent engagements with three companies discussed in closed session and named Farmy Energy and Postar as current contacts. She said Farmy Energy is advancing a pilot and seeking a 3,000'to'5,000-square-foot site; Postar is considering selling property for redevelopment. Brenda noted two NBC loans were issued this year and the EDA continues direct outreach to retain employers.
On Falling Branch, staff reported the site is graded and substantially complete with a small punch list remaining for town acceptance. The authority executed a purchase order with Atmos Energy for about $141,000 to place a 6-inch natural-gas main across roughly 2,800 linear feet, a prerequisite the staff said is needed for a Level 5 BD-P certification. The EDA previously approved a pump-station contract for $377,740 and issued the notice to proceed; shop drawings have been submitted and staff expects the pump-station work to be completed in about four months.
Staff also noted a road grant tied to the site (discussed as roughly $750,000 in the meeting record) carries a repayment schedule if the parcel is not occupied by April 2028: repayment would begin at 20% per year for five years, staff said. The EDA will continue coordination with the town of Christiansburg on road acceptance and monitor punch-list completion.
The board discussed scheduling for future meetings and agreed to move the July meeting start time from 11:30 a.m. to 12:00 p.m.
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