Economic Development

Economic Development

"The ultimate resource in economic development is people. It is people, not capital or raw materials that develop an economy."

Peter Drucker

The Town of Boones Mill is a GREAT place to do business! Our strengths include:

 

  • Central location between Roanoke and Rocky Mount
  • 37,000 vehicles per day on U.S. Highway 220, which VDOT designates as a highway of statewide significance for interstate commerce (with no traffic issues)
  • Low taxes and real estate costs
  • Potential tax breaks and development incentives
  • Supportive and well-managed town government
  • Excellent water quality and water pressure provided by the Western Virginia Water Authority
  • Excellent and well-maintained sewer system provided by the Western Virginia Water Authority
  • Served by the Boones Mill Police Department
  • Served by the Boones Mill Fire Department
  • Served by Franklin County Public Safety

The Town owns a 50-acres of developable land on one parcel and the Town Economic Development Corporation owns an adjacent 10 acre parcel which is available for potential purchase and development. The town-owned property includes truck/rail access, water/sewer, broadband internet services, a hiking trail, and 250,000-gallon water tank (not currently is use). It also includes an existing pond with kayaking/canoeing/fishing opportunities surrounded by an ADA-accessible walking trail.


The map below is only a concept, put together by Town staff, of how the properties could be developed.

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