Winchester EDA fiscal year 2018 budget includes funding for new study

The city is seeking to address business growth and retention

WINCHESTER, Va. - Funding for a new economic study has been added to the Winchester's Economic Development Authority fiscal year 2018 budget draft.

With the Winchester area continuing to grow, the study will help determine how to best address business growth and retention.

Officials say it will be an analysis of where the city is currently and where they want to be in the future. They plan on looking into action items on what steps need to be taken as an economic development entity in conjunction with city officials, local residents and businesses.

"The study will include a SWAT analysis, targeted industry analysis, parking plan, and identify catalyst sites within the community," said Shawn Hershberger, development services director for the city of Winchester.

Hershberger added that this is expected to be a comprehensive economic development approach for the next three to five years.



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