Montgomery County Economic Development Meeting 8-18-2026 Part 1

The Montgomery County Economic Development Authority meeting on August 18, 2026, focused primarily on financial and budgetary matters related to economic development projects. The members approved the agenda and minutes from the previous meeting, followed by acceptance of the Treasurer's reports for June and July 2026. Discussions highlighted an increase in net assets partly due to contributions from Blacksburg for facade grants and noted timing differences in revenue and expenses. A significant portion of the meeting addressed budget amendments, including an additional $65,000 allocation from the county to cover engineering and development expenses at Falling Branch Corporate Park. The county's economic development reserve, approximately $828,000 at fiscal year-end, was identified as the source for these funds. The meeting concluded with approval of the budget amendments and a motion to enter closed session for further discussions.