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Competitiveness Center has ‘graduated’ 21 businesses in Pulaski County alone

During its decade of operation, New River Valley Competitiveness Center has assisted nearly two-dozen Pulaski County businesses employing more than 100 people.
Those figures are based on information compiled in response to a recent request for the eight founding localities to enter into moral obligations to back a $2.6 million refinancing loan for New River Valley Development Corporation, the parent company of the Fairlawn business incubator.
Pulaski County Administrator Peter Huber released the list, which he said represents firms either currently located in or “graduated” from the center.
Based on that list, 55 firms have taken advantage of services offered by the incubator since its inception. The total number of jobs resulting from those “start-up” businesses was 409. Only eight of the 55 firms are confirmed to have closed, according to the list.
Although all of the 55 firms did not locate in Pulaski County upon leaving the Center, Huber said 21 firms, representing 116 jobs, are located within the county. At present, 14 of those firms and 54 employees remain in the Center.
The Development Corporation is seeking to receive moral obligations to back a refinancing loan so it can reduce its costs.
Huber said the Center has experienced an average monthly loss of just over $635 for the first seven months of its fiscal year. A reduction of the rate of tenancy to only about 57 percent and the economic downturn have combined to cause financial problems, he noted earlier.
“The refinancing will save the Center approximately $30,000 per year. Thus, the general operation of the Center should hold its own,” Huber said. “However, additional funding is needed and is being requested from member localities not participating in the moral obligation, in order to provide additional operational support, plan for equipment breakdowns, compensate for the graduation of businesses from the Center and fund needed maintenance and operational upgrades.
Pulaski County and the towns of Pulaski and Christiansburg have agreed to moral obligations to cover all but $750,000 of the loan amount.
Blacksburg and the counties of Montgomery and Giles have declined to participate in the obligation. Floyd County and the City of Radford have not made a decision on the request.
The deadline for closing on the loan was Friday, but officials were hoping to be able to get the deadline extended.
Following is a list of businesses that have graduated from or are currently tenants at the Center. The number of persons employed at the end of each firm’s tenure in the Center and the location to which the firms graduated also is listed.

2a-ecommercedesign.com, unavailable, 2
ACT MicroDevices Inc., Montgomery, 200
Advantage Driver Improvement Clinic, 1
Affordable Cab, Radford, 2
Alliant Tech Systems, Montgomery, 6
Applied University Research, current tenant, 5
Austin-Morgan Trucking, Radford, 6
Barry Duncan – AXA Advisors, Blacksburg, 1
Blue Ridge Golf, sold to Virginia Tech, 4
Blue Ridge Independent Living Center, consolidated in Roanoke, 2
Blue Ridge Satellite, current, 2
Boscan WEB Technologies, current, 2
Bowden Fabrication, unavailable, 1
Bowlswitch USA Inc., subsidiary of Pulaski County, 1
Brana Inc., Pulaski, 1
Brightside Press, closed, 2
BronteK Delta Corporation, Radford/Pulaski, 2
Business Systems Technology Inc., closed, 2
Coalbed Technologies, current, 1
Debra Chase – AXA Networks, Radford, 1 plus restaurant
DeVie Industries Inc., closed, 3
Eastern Piano, Pulaski, 1
Expert Automation Inc., closed, 15
Ground Vibrators, closed, 6
Hall and Sons Developers, current, 2
Integrated Contracting and Consulting, unavailable, 1
Jeff Greenough, Radford, 1
Joe Marchese – AXA Advisors, Roanoke, 5
Life Care Medical Transport, Pulaski, 4
Larleen Collins Accounting Services, Radford, 3
Luxine Inc. (sold to Vollrath), current, 12
McIntyre & Associates, Blacksburg, 3
Mebco Inc., Pulaski, 16
Metal Guard, subsidiary of current tenant Wessex, 2
Mobile Medical, current, 2
New River Think Tank, closed, 2
North/South Partners, current, 2
NRV Securities, closed, 2
Owen McKinnie, unavailable, 2
Quad Media, closed, 3
Ralph Cummings – Prime Lending, unavailable, 1
River Point Properties, Pulaski, 1
Roberts Industires, Montgomery, 2
Safe Water, current, 4
Service Master, current, 5
Signs Direct, Pulaski, 2
Smiling Dog Enterprises, current, 5
Staff Contracting Inc., Pulaski (Spraker Construction), 35
Trenia b, Radford, 12
University Woodworks, Montgomery, 5
Wessex Inc., current, 5
Whit King, current, 3
Woodworks Restoration and Remodeling Inc., Radford, 10
Wyatt Insurance Agency, Wythe, 2

Other tenants at the Center include regional agencies. Those agencies and the number of employees include:

New River/Mt. Rogers Workforce Investment Board, 5
Regional Emergency Medical Services Inc. (REMSI), 4
New River Valley Planning District Commission, 12
Western Virginia EMS Council, 1
Pulaski County Department of Social Services, 5
Virginia Department of Emergency Services, 2
Virginia First Regional Industrial Facility Authority, 1

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Competitiveness Center has ‘graduated’ 21 businesses in Pulaski County alone

During its decade of operation, New River Valley Competitiveness Center has assisted nearly two-dozen Pulaski County businesses employing more than 100 people.
Those figures are based on information compiled in response to a recent request for the eight founding localities to enter into moral obligations to back a $2.6 million refinancing loan for New River Valley Development Corporation, the parent company of the Fairlawn business incubator.
Pulaski County Administrator Peter Huber released the list, which he said represents firms either currently located in or “graduated” from the center.
Based on that list, 55 firms have taken advantage of services offered by the incubator since its inception. The total number of jobs resulting from those “start-up” businesses was 409. Only eight of the 55 firms are confirmed to have closed, according to the list.
Although all of the 55 firms did not locate in Pulaski County upon leaving the Center, Huber said 21 firms, representing 116 jobs, are located within the county. At present, 14 of those firms and 54 employees remain in the Center.
The Development Corporation is seeking to receive moral obligations to back a refinancing loan so it can reduce its costs.
Huber said the Center has experienced an average monthly loss of just over $635 for the first seven months of its fiscal year. A reduction of the rate of tenancy to only about 57 percent and the economic downturn have combined to cause financial problems, he noted earlier.
“The refinancing will save the Center approximately $30,000 per year. Thus, the general operation of the Center should hold its own,” Huber said. “However, additional funding is needed and is being requested from member localities not participating in the moral obligation, in order to provide additional operational support, plan for equipment breakdowns, compensate for the graduation of businesses from the Center and fund needed maintenance and operational upgrades.
Pulaski County and the towns of Pulaski and Christiansburg have agreed to moral obligations to cover all but $750,000 of the loan amount.
Blacksburg and the counties of Montgomery and Giles have declined to participate in the obligation. Floyd County and the City of Radford have not made a decision on the request.
The deadline for closing on the loan was Friday, but officials were hoping to be able to get the deadline extended.
Following is a list of businesses that have graduated from or are currently tenants at the Center. The number of persons employed at the end of each firm’s tenure in the Center and the location to which the firms graduated also is listed.

2a-ecommercedesign.com, unavailable, 2
ACT MicroDevices Inc., Montgomery, 200
Advantage Driver Improvement Clinic, 1
Affordable Cab, Radford, 2
Alliant Tech Systems, Montgomery, 6
Applied University Research, current tenant, 5
Austin-Morgan Trucking, Radford, 6
Barry Duncan – AXA Advisors, Blacksburg, 1
Blue Ridge Golf, sold to Virginia Tech, 4
Blue Ridge Independent Living Center, consolidated in Roanoke, 2
Blue Ridge Satellite, current, 2
Boscan WEB Technologies, current, 2
Bowden Fabrication, unavailable, 1
Bowlswitch USA Inc., subsidiary of Pulaski County, 1
Brana Inc., Pulaski, 1
Brightside Press, closed, 2
BronteK Delta Corporation, Radford/Pulaski, 2
Business Systems Technology Inc., closed, 2
Coalbed Technologies, current, 1
Debra Chase – AXA Networks, Radford, 1 plus restaurant
DeVie Industries Inc., closed, 3
Eastern Piano, Pulaski, 1
Expert Automation Inc., closed, 15
Ground Vibrators, closed, 6
Hall and Sons Developers, current, 2
Integrated Contracting and Consulting, unavailable, 1
Jeff Greenough, Radford, 1
Joe Marchese – AXA Advisors, Roanoke, 5
Life Care Medical Transport, Pulaski, 4
Larleen Collins Accounting Services, Radford, 3
Luxine Inc. (sold to Vollrath), current, 12
McIntyre & Associates, Blacksburg, 3
Mebco Inc., Pulaski, 16
Metal Guard, subsidiary of current tenant Wessex, 2
Mobile Medical, current, 2
New River Think Tank, closed, 2
North/South Partners, current, 2
NRV Securities, closed, 2
Owen McKinnie, unavailable, 2
Quad Media, closed, 3
Ralph Cummings – Prime Lending, unavailable, 1
River Point Properties, Pulaski, 1
Roberts Industires, Montgomery, 2
Safe Water, current, 4
Service Master, current, 5
Signs Direct, Pulaski, 2
Smiling Dog Enterprises, current, 5
Staff Contracting Inc., Pulaski (Spraker Construction), 35
Trenia b, Radford, 12
University Woodworks, Montgomery, 5
Wessex Inc., current, 5
Whit King, current, 3
Woodworks Restoration and Remodeling Inc., Radford, 10
Wyatt Insurance Agency, Wythe, 2

Other tenants at the Center include regional agencies. Those agencies and the number of employees include:

New River/Mt. Rogers Workforce Investment Board, 5
Regional Emergency Medical Services Inc. (REMSI), 4
New River Valley Planning District Commission, 12
Western Virginia EMS Council, 1
Pulaski County Department of Social Services, 5
Virginia Department of Emergency Services, 2
Virginia First Regional Industrial Facility Authority, 1

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