County Funds Project Rise at VT Research Center

The Montgomery County Board of Supervisors approved a $30,000 appropriation from the EDA reserve as the first of two annual matching contributions to Project Rise at the Virginia Tech Corporate Research Center. The County’s total commitment is $60,000 over two years to support economic development initiatives at the research center.

Scope & details

The full contract record, as filed.

Contract amount

$30,000 (first of two $30,000 annual installments; total $60,000 matching funds)

Contract type

OTHER

Contract term

Two years (first annual installment appropriated FY ending June 30, 2027)

Renewal date

2028-06-30

Renewal

County agreed to provide $60,000 in matching funds over two years, structured as two $30,000 annual installments; the second installment is anticipated in the following fiscal year subject to future appropriation.

Document type

Minutes

Source document

Montgomery County Board of Supervisors Minutes 2026-08-10

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Montgomery County Resolution Economic Development Civic Contributions 2027-06-30

APPROVED

Montgomery County, Virginia$30,000 (first of two $30,000 annual installments; total commitment $60,000)Aug 30, 2026

Montgomery County Board of Supervisors Agenda 2026-08-10

montgomery-county-resolution-2021-07-26_407.pdf

APPROVED

Montgomery County, Virginia$12,500Jul 26, 2021

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Montgomery County?

Virginia Tech Corporate Research Center was awarded this government contract by Montgomery County, as recorded on August 10, 2026. The contract value is $30,000 (first of two $30,000 annual installments; total $60,000 matching funds).

How much is the Virginia Tech Corporate Research Center contract with Montgomery County worth?

The Virginia Tech Corporate Research Center contract with Montgomery County is valued at $30,000 (first of two $30,000 annual installments; total $60,000 matching funds).

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Montgomery County Board of Supervisors Minutes 2026-08-10 (Minutes), dated August 10, 2026 from Montgomery County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Virginia Tech Corporate Research Center hold?

Virginia Tech Corporate Research Center may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Virginia Tech Corporate Research Center's profile

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