Economic Development Authority
Regularly scheduled meetings are held quarterly on the second Wednesday at 7:30 a.m. of the following months:
- Regularly scheduled meetings may be rescheduled to accommodate the timeframe of special considerations or actions needed by the Authority.
- All Economic Development Authority meetings are announced by Public Notice three working days prior to the meeting. To view County scheduled meetings, please view the Hanover County Calendar.
The Industrial Development Authority (now Economic Development Authority) was established by ordinance of the Hanover County Board of Supervisors pursuant to the Industrial Development and Revenue Bond Act (Chapter 33, Title 15.1, Code of Virginia of 1950, as amended) so that such authorities may acquire, own, lease and dispose of properties to the end that such authorities may be able to promote industry and develop trade by inducing manufacturing, industrial, governmental and commercial enterprises to locate in or remain in the commonwealth.
The board has the power to acquire, own, lease, and dispose of properties and make loans to the end that such authority may be able to: promote industry; protect and promote the health of its citizens; to assist in the acquisition, construction, equipping, expansion, enlargement and improvement of medical facilities; to assist organizations (other than religious or educational purposes) to provide operations, recreational, activity centers, and other facilities for the use of the citizens; assist facilities for private, accredited and nonprofit institutions of collegiate education; assist localities, the commonwealth and its agencies, and governmental and nonprofit organizations with their facilities; assist museums and historical education, demonstration and interpretation for use to promote tourism and economic development in the commonwealth; stage equine events and activities; and acquisition and development of, ownership of and operation of industrial park and any utilities that are intended primarily to serve the park and to issue bonds for such purposes; provide for housing authorities to develop safe and affordable housing.
Appointment by board members representing each of the seven magisterial districts
Terms of Service
Varies but typically four-year terms