Go Virginia Region 6 approves funding of $215,000

by | Aug 3, 2021 | All Articles, Business News

The City of Fredericksburg in partnership with King George County and the Stafford County Economic Development Authority (EDA), will work with the Center for Innovative Technology to expand entrepreneurial programs in the Rappahannock Region. The GO Virginia Region 6 Council and GO Virginia State Board reviewed and awarded Stafford County $215,000 to take the lead with the project.

Over the course of the two-year project, 36 startup companies will be served through accelerator services, 72 jobs will be created or retained, and three (3) products or services will be either market-ready or in production within three (3) years.

GO Virginia is a statewide economic development initiative that provides project-based funds to encourage collaboration among private industry, higher education, and government partners to create higher-paying jobs.

The GO Virginia coalition: The coalition is comprised of business and community leaders, partners in education and government, and interested Virginians from across the Commonwealth who support regional cooperation on private-sector growth, job creation, and career readiness. Learn more at www.govirginia6.org.

In March 2021, the City of Fredericksburg teamed up with Fredericksburg VA Main Street, Stafford County, GO Virginia and technology-oriented nonprofit RIoT on a free event titled “Meet the Influential Female Founders of Fredericksburg.”

 

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Bill Freehling
Director, Economic Development and Tourism
bfreehling@fredericksburgva.gov
706 Caroline St.
Fredericksburg, VA  22401
Ph:  540-372-1216
Ph:  800-260-3646
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