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Montgomery County EDA adopts 2025–26 budget, to pass through $19,000 in United Way disaster relief
Summary
The Montgomery County Economic Development Authority adopted its fiscal 2025–26 budget, approved treasury reports and discussed passing through roughly $19,000 from the United Way of Southwest Virginia to county homeowners damaged by Hurricane Helene, with staff to return with eligibility criteria.
The Montgomery County Economic Development Authority during a regular meeting adopted its fiscal 2025–26 budget, approved April and May treasurer reports and discussed a proposed pass-through of about $19,000 in private donations received by the United Way of Southwest Virginia to help homeowners in Montgomery County who suffered major storm damage.
The budget the authority adopted funds routine EDA operations and anticipated transfers from the county general fund to support activities including Bolling Branch Corporate Park engineering and marketing. Staff reported two certificates of deposit totaling about $1.55 million (one for $850,000 and one for $700,000) that are expected to earn roughly 3.69% interest. The EDA also discussed…
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