Roanoke has the most affordable homes in Virginia.
A new ranking from HomeArea compares local home prices with local incomes to answer this question: “How many years would it take for the median income to pay off the median home price?”
The RAMP Business Accelerator will welcome a third cohort in May with a $20,000 incentive that can be used to fund the development of health, technology, science, and engineering startups.
The Regional Acceleration and Mentoring Program plans to accept five companies for its 2019 cohort; each startup will receive an equal portion of a $100,000 pool of dedicated seed money. Unlike some accelerator projects, RAMP will not demand any equity in selected companies in exchange for the awarded capital.
Roanoke Region employment levels reached 11-year highs in 2018.
Roanoke closed the year with the third highest rate of job growth in the state and a rate of growth exceeding state and national averages.
Nearly two years after the creation of the VTC Innovation Fund, the Virginia Tech Foundation and Carilion Clinic have again partnered to create the VTC Seed Fund, a $7 million venture capital fund, to facilitate additional pathways for innovative products and technologies to be commercialized.
Unlike the VTC Innovation Fund, which provides larger investments for established growth-stage companies, the VTC Seed Fund is intended to provide smaller investments ranging from $100,000 to $150,000 to earlier-stage, higher risk companies.
