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    Home » City Council/City Manager » Boards & Commissions » Economic Development Authority Board

    Economic Development Authority Board

    Purpose

    Assists in promoting industry and developing trade in the area through financial assistance to new and existing industries.

    The Lynchburg Economic Development Authority is a political subdivision of the Commonwealth of Virginia and serves as the incentive arm of the City of Lynchburg.  The EDA actively pursues investment and development opportunities, and elevates the economic development profile of the City.  EDA members are appointed by City Council and may serve up to three consecutive four year terms. 

    Meetings

    3rd Thursday monthly, 8:30 a.m.
    Office of Economic Development - City Hall, 2nd Floor
    900 Church Street

    Members

    William T. "Bill" Lovern (Ward 1)

    grew up in Lynchburg, attended E. C. Glass High School, and graduated from the University of Virginia with a BA in Economics. His career began in New York, trading and marketing government securities for The Bankers Trust Company on Wall Street.  Mr. Lovern is now the co-founder and Executive Vice President of The Global Volunteer Partnership, an organization that is developing resources to enable skilled American volunteers and US nonprofits and companies to contribute to global development through projects targeting economic growth, education, health, the environment, information technology and agriculture. 

    H. Michael Lucado, Jr., Chair (Ward 1) 

    has served on the EDA since 2006 and is a licensed real estate agent in the State of Virginia and Vice President of Brownstone Properties, Inc. where he focuses primarily on Marketing and Business Development.  He is also a managing partner in several residential real estate investment corporations and has served as a director and volunteer for numerous community and civic organizations.

    Louise E. Mitchell, Vice Chair (Ward 3)

    has served on the EDA since 2009, has owned and operated two businesses, and currently serves as Business Manager at Credit Connection, Inc. She earned a Bachelor of Science from Bluefield State College and a M.Ed. in Early Childhood Education from the University of Massachusetts, Amherst.  Ms. Mitchell is active in a variety of community associations and organizations, including Miriam's House, Alpha Kappa Alpha Sorority, Lynchburg Chapter of Links and MDM Networking, Inc., sponsor of the Pink Auction.

    Georgeann Snead (Ward 1)

    is President and CEO of Electronic Design and Manufacturing, an employee-owned manufacturer of printed circuit board assemblies started in the Lynchburg Business Development Centre in 1990. Prior to joining EDM, Georgeann served as the first director of the Lynchburg Business Development Centre. Georgeann is a graduate of Davidson College and is actively involved in the community, serving on several local boards. She and her husband Parks have two grown children.

    John M. Stone, Asst. Sec.-Treas. (Ward 1)

    is a First Vice President / Investments with Stifel Nicolaus, a national financial services firm. A graduate of Hampden-Sydney College, John has more than 17 years of experience in wealth management. He holds the CFA (Chartered Financial Analyst) and AIF (Accredited Investment Fiduciary) designations. He is a member of the CFA Institute and Richmond Society of Financial Analysts. John currently serves as Board Chair of the Lynchburg Business Development Centre, on the Board of Directors of the Lynchburg Regional Chamber of Commerce, and as a Board Member and Past President of the Rotary Club of Lynchburg-Morning.

    Mark Strosnider, Sec.-Treas. (Ward 1)

    has been a local banker in Lynchburg since 1986 and currently works as a commercial lender with American National Bank and Trust. Mark is a graduate of Virginia Tech, the VBA School of Bank Management, and ABA Stonier Graduate School of Banking at Georgetown University.

    Gerry Swienton (Ward 3)

    is the Managing Partner of the Registered Investment Advisory firm Investment Leadership, LLC. He is past Chair of the Lynchburg Planning Commission of which he served as a Planning Commissioner for over nine years. He is past President of CASA of Central Virginia, Inc. and has served on the Boards of Holy Cross School, The Ellington, and the Central Virginia Foundation for Economic Education and Improvement. In addition, he has coached basketball at the varsity level and has taught adult education investment classes for nearly a decade.

    As of 6/27/17

    Liaison - Marjette Upshur: 434-455-4490

    Membership:  The Board of Directors is composed of seven (7) directors, appointed by the council of the City of Lynchburg, Virginia. No director shall be an officer or employee of the municipality.

    NOTE:  New members must file financial disclosure form and take oath of office with the Clerk of Court. Maximum of three 4-year terms.

    Reference: Code of Virginia Section 15.1-1377; Ord. #O-80-295 adopted 9-23-80

    June appointment

    Lynchburg - A City of Opportunity website

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