Economic Development

IALR is one of Southside Virginia's strongest economic partners. To stimulate economic growth, the Institute has built a highly professional research and administrative organization through state funding and by continually increasing external research funding that contributes significantly to the local economy. Most importantly, the Institute is spinning off commercial, for-profit companies that embrace technologies developed at the Institute, and uses these technologies to attract companies and research partners to the region. The national and international exposure that IALR's research provides to Southside Virginia contributes importantly to the economic development process.

Success Stories

The IALR Commercialization Office provides support to the local economic development organizations in their recruitment efforts. IALR, in partnership with Virginia Tech, is working on a project to develop a Regional Plan for Technology Commercialization in Southside Virginia. This project, funded through a grant from the Economic Development Administration, gives the project team opportunities to interact with the regional economic development organizations, to solicit their inputs and understand their needs, and to regularly provide them with outputs from the project.

Links to our regional economic development partners are below:

City of Danville Office of Economic Development