Local businesses in the City of Roanoke seeking to expand their operations will soon have access to a program designed to help offset the cost of acquiring essential equipment.
The Economic Development Authority (EDA) of the City of Roanoke has committed $250,000 to the ’25–’26 Business Equipment Incentive Program, which will provide matching funds for qualifying equipment purchases.
The program offers a 50/50 match, with a maximum award of $20,000 for manufacturing and industrial businesses and $5,000 for commercial and retail businesses, helping companies make strategic investments in their operations. Funding is available on a first-come, first-served basis…