Roanoke County Business Partners Newsletter | |
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February 2024: Volume 24, No. 2
The E-newsletter of the Roanoke County Economic Development Department is designed to showcase the investments and achievements of our existing business partners. For additional information about doing business in Roanoke County, visit our website.
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This month, we are shining a spotlight on Magnets USA, located in the Town of Vinton.
Magnets USA specializes in crafting unique gifts that build lasting connections with clients, friends, and family. Their magnetic calendars, a standout product, have become a nationwide favorite.
Roanoke County is not just a location for Magnets USA; it's their home. The roots of their success are deeply embedded in the Roanoke Valley, as they were established here in 1994.
Behind their achievements is a dedicated team, many of whom are raising families in our community. Their workforce showcases the strong work ethic that defines Roanoke County. With over 60 employees, Magnets USA produces top-notch products distributed across the USA and Canada.
Their success story is intertwined with support from local and state programs like the Virginia Economic Development Partnership’s Virginia Leaders in Export Trade (VALET) program, which has played a pivotal role in expanding their reach nationwide.
Magnets USA actively contributes to our local economy. The salaries generated by their workforce and continuous demand for materials significantly impact our community's prosperity. Magnets USA also engages with and supports various non-profit organizations, making a positive impact on our community.
Join us in celebrating Magnets USA - a true success story deeply rooted in Roanoke County.
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To sign up to be featured in a future business spotlight, please complete the following survey: | |
Congratulations, Elbit Systems of America! | |
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Elbit Systems of America recently secured a contract with the U.S. Marine Corps, valued up to $500 million, for their Squad Binocular Night Vision Goggles. This state-of-the-art product is proudly manufactured in Roanoke County! Learn More
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KlariVis closes $11M funding round | |
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KlariVis closed an $11 million Series B funding round, the Roanoke-based banking data analytics startup announced Thursday.
KlariVis provides data analytics solutions for community banks and credit unions. The fintech company has doubled its revenue and customer count year-over-year and has 100 clients. The $11 million will be used for advancing KlariVis’ engineering, product development, customer success, and sales and marketing. Read More
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KlariVis founder and CEO Kim Snyder | |
Electric Road / I-81 Office Building
Constructed in 2016 as a regional headquarters for a Fortune 100 company, this 72,000 square foot, three-story office building is located at the intersection of Electric Road and Loch Haven Drive in Roanoke County. Fronting Interstate 81 at Exit 141, with 73,000 vehicles per day, you are 10 minutes to downtown Roanoke and only 30 minutes to the Virginia Tech Corporate Research Center. Learn More
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Industrial/Flex space in Cave Spring
Rare opportunity to lease Industrial/Flex space in Cave Spring, tailored for warehouse/distribution or manufacturing use. The 10,050 SF facility includes an 8,050 SF heated warehouse with four overhead doors (3 high & 1 drive-in, plus a 400 SF canopy), alongside a 2,000 SF office space with three bathrooms. Learn More
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Multi-tenant Retail in Vinton
The former home to Cundiff Drug Store, 119-129 E. Cleveland Avenue is located in the heart of Downtown Vinton. Constructed in 2005, this 7,368 sf building offers both a retail and/or restaurant option.
Learn More
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Congratulations Dani Poe! | | |
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Our Assistant Director of Economic Development, Dani Poe, has been recognized as a member of the Roanoker Magazine's 40 under 40 Class of 2024! Our department is only as strong as our team members, and we're lucky to have incredible rockstars like Dani on our team. Congratulations, Dani! | |
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Pike Title
Pike Title celebrated a ribbon cutting at their new location on Electric Road in Roanoke County, Virginia.
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Beacon Credit Union
Beacon Credit Union celebrated the ribbon cutting of their first Roanoke County location in Promenade Park on Electric Road.
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Innovation Commercialization Assistance Program | |
The Innovation Commercialization Assistance Program (ICAP), a program of the Virginia SBDC and George Mason University, is focused on helping technology and innovation-driven startups during their entire commercialization journey - from ideation through funding and scaling. This is accomplished through one-on-one advising and experiential learning programs with a mentor team of experienced entrepreneurs. These services are offered at no cost and all advising is confidential. Since 2018, ICAP has worked with almost 1400 entrepreneurs who have raised over $175M from angel investors, VC groups, SBIRs, and other grants. More information about the program and an application to join can be found here . | |
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We like to keep you and ourselves busy all year round with diverse opportunities and events that enhance the growth and success of our local business community. We are excited to have lined up such a vast program designed to provide unparalleled value to our members. From networking events to professional development workshops and holiday events, we have something for everyone! | | |
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Visit Virginia’s Blue Ridge Presents: 2024 Partnership Marketing Summit
Tuesday, February 13, 2024
Salem Civic Center
8:00 am – 4:00 pm
Keynote Speaker, Dan Roberts, Vice President of Research & Strategy, Virginia Tourism Corporation
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Our workshops, events, and programs are designed with a small business owner in mind. Actionable, sharing of ideas, and takeaways to keep things straight. | | |
The Roanoke Regional Chamber fosters the growth of our members and our community by offering relevant programs and events designed to address business needs, solve business problems and increase opportunities for members. | |
RAMP's Spring 2024 Cohort
Applications are open through Feb. 11 for RAMP’s in-residence cohort for spring 2024. Open to entrepreneurs in the technology and health and life sciences sector, the 12-week program provides access to expert mentoring that covers the world of business knowledge, $20,000 in equity-free funding, office space in downtown Roanoke plus membership to the Roanoke-Blacksburg Technology Council, GAN, Virginia BIO and the Shenandoah Club. After completing the in-residence program, entrepreneurs receive an additional three years of ongoing support through Exit RAMP.
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RAMP offers the in-residence program twice a year with an average of five technology and biotechnology-focused Virginia companies accepted for each cohort. Since 2017, RAMP has accelerated 48 companies that have gone on to raise more than $28 million dollars in working capital while supporting jobs in the region.
Learn more about the RAMP in-residence program and apply here.
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Join the region’s most influential policymakers, higher education leadership, C-Suite, and senior HR executives.
At the 2024 future of talent summit, regional leadership from all sectors will converge to redefine how employers, higher education, and government collaborate to develop talent. We’ll kick off with state leaders providing insights on their transformational plan to ensure Virginia is a magnet for talented young people and business investment while providing the skilled workforce needed to fuel business growth and job creation.
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