Industrial Development Authority

Meetings
  • 8 a.m.
  • The first Friday of every month
  • Applied Research Center
  • Meetings last approximately 2 to 3 hours
Membership
  • 7 General Public Representatives
Term of Appointment
  • 4 years
Compensation
$50 per meeting with a maximum of $150 per month for regular board members. The Chairman and Vice-Chairman's maximum compensation is $250 per month.

Purpose
The purpose of Industrial Development Authority (IDA) is to promote the economic development and diversification of the city's employment and tax base. The Authority will have all the powers conferred upon such a development entity pursuant to the Code of Virginia.