Economic Development

Economic Development is a top priority for Town Council as evidenced by the designation of 0.5% of all meals tax receipts collected going to fund economic development initiatives only. Town Council, in collaboration with the Town of Bedford Economic Development Authority, has established a renewed effort to attract new economic development opportunities leveraging various grants and performance-based incentive programs. As part of the Economic Development expansion, Town Council continues to have a major focus on community planning and the level of service required for accommodating growth and providing resources for a sustainable future.

The Loop Project

Now accepting design entries for "THE LOOP PROJECT - Art for All" Benches and Bike Racks. Submit your design for a bench on The Loop or a bike rack in Centertown, or both! Deadline is Wednesday, September 4 at 5pm. Click here for Guidelines.

Selling to the Commonwealth - September 18

The Virginia Small Business Supplier Diversity office is coming to Bedford! Find out how to sell to the Commonwealth with the FREE "Selling to the Commonwealth" workshop - September 18, 9am-12:30pm - Bedford Library Community Room (1st floor) - 321 N. Bridge Street. Register here. Questions? Contact mzirkle@bedfordva.gov.

Business Advantages

The Town is comprised of nine square miles providing a unique composite of advantages that make Bedford ideally suited for business and industries seeking large city amenities in a small town environment.
  • Power - Local, renewable, reliable and affordable
  • Water - Industry compatible, redundant, abundant supply
  • Internet - 400 Gigabyte "backbone" access
  • Sites - New and existing building options
  • Location - Mid-Atlantic advantage
  • Incentives - Local and State available
  • Work Force - Daily commute to 500,000
  • Low Costs - Utilities and taxes
  • Quality of Life - Schools, recreation, and low crime

Incentives


There are several incentives available in the Enterprise Zone and downtown area for property improvements. Within the Enterprise Zone there are also property incentives from Virginia for property improvement and job creation. For additional information and to see where the rebates apply, see the map below and contact Mary for more information.

The Economic Development Authority adopted its Incentive Policy for all other incentives in May 2019. If you need assistance that doesn't fit the real property or jobs incentives, please let staff know to see if the EDA can help.
Town Enterprise Zones and Downtown Map

Guide to Starting A New Business

Area, Location, Quality of Life Profiles

Economic Development Authority

The general purpose of the Authority is to promote industry, develop trade, and promote the attraction and retention of businesses located within the Town limits. The Economic Development Authority of the Town of Bedford, Virginia, fulfills all the purposes and intents of the General Assembly of Virginia, in Title 15.2, Chapter 49, of the Code of Virginia, 1950, as amended, and by any other enactment adopted by the General Assembly. The Authority fulfills all purposes and intents of the Town Council of the Town of Bedford, Virginia and serves at the appointment of Council. The seven member body serves in rotating 4-year terms of appointment.

  1. John Owen

    Term Expiration: 11/30/2022

  1. John K Putney

    Term Expiration: 11/30/2021

  1. Judy Rush

    Term Expiration: 11/30/2019

  1. Jonathan Buttram

    Term Expiration: 11/30/2021

  1. David Sensenig

    Term Expiration: 11/30/2020

  1. W. Courtney Holdren

    Term Expiration: 11/30/2022

  1. Elmer Hodge

    Term Expiration: 11/30/2020