The Southern Virginia Regional Alliance (SVRA) today unveiled Accelerate 2030, an ambitious five-year economic development strategy designed to accelerate regional growth through expanded private-sector partnerships and strategic investments.
The Accelerate 2030 campaign enters its public phase having already secured $1,616,500—74% of its $2.2 million goal. This initiative marks a pivotal shift in the region’s economic development approach, bringing together private-sector resources, leadership, and investment to complement existing public funding.
Building on Proven Success
Over the past decade, the region has achieved unprecedented economic momentum:
- 34 new companies established
- 36 existing companies expanded
- 8,081 new jobs created
- More than $3.2 billion in capital investment
While much of this success has been supported through SVRA’s partnerships with localities and the Institute for Advanced Learning and Research (IALR), Accelerate 2030 opens the door to sustainable private-sector engagement that will expand capacity and accelerate regional momentum.
Strategic Focus Areas
The Accelerate 2030 plan focuses on five core strategies:
- Regional Stakeholder Partnerships – Strengthening collaboration across the region
- Business Retention and Expansion – Supporting the growth of existing companies
- Global and Regional Marketing – Elevating the region’s competitive profile
- Lead Development for Business Attraction – Building a robust pipeline of opportunities
- Talent Attraction and Retention – Ensuring workforce availability and readiness
Measurable Impact
Over the next five years, Accelerate 2030 is projected to deliver:
- $3 billion in new capital investment
- 6,000+ new direct and indirect jobs
- $182 million annually in economic impact from consumer expenditures
Leadership and Support
Tim Clark, President of Blair Construction, serves as campaign chair. Several other regional business leaders are also lending their leadership and investment to the initiative.
“Our competition isn’t within our borders—it’s other regions and states. Now more than ever, it is critical for us to work together to accelerate our opportunity to secure a prosperous future for Southern Virginia,” said Tim Clark, Accelerate 2030 chair.
Get Involved
For complete details about the Accelerate 2030 plan, including specific goals, campaign leadership, investors, and testimonials, visit svra.org/accelerate-2030/
Companies interested in joining this regional partnership can contact Annette Medlin at Annette.Medlin@ialr.org.