County approves $30,000 contribution to VTCRC

Montgomery County Board of Supervisors approved a $30,000 civic contribution from the EDA Reserve to support Project Rise at the Virginia Tech Corporate Research Center, representing the first installment of a two-year $60,000 matching commitment. The funds are appropriated to the Economic Development – Civic Contributions category for FY 2027.

Scope & details

The full contract record, as filed.

Contract amount

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

Contract type

OTHER

Contract term

Two years; first annual installment for fiscal year ending June 30, 2027

Renewal

County has committed to provide a total of $60,000 in matching funds over two years, structured as two annual $30,000 installments. This resolution funds the first installment; a second $30,000 appropriation is anticipated in the following fiscal year.

Document type

Resolution

Source document

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

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Montgomery County Board of Supervisors Minutes 2026-08-10

APPROVED

Montgomery County, Virginia$30,000 (first of two $30,000 annual installments; total $60,000 matching funds)Aug 10, 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 30, 2026. The contract value is $30,000 (first of two $30,000 annual installments; total commitment $60,000).

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 commitment $60,000).

What type of contract is this?

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

Where was this contract approved?

This contract appears in Montgomery County Resolution Economic Development Civic Contributions 2027-06-30 (Resolution), dated August 30, 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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