[an error occurred while processing this directive]
Spacer
SEARCH
Spacer
NEWS CENTER
Spacer

August 2007

Home page
Current Issue
Past issues
Daily Headlines
Virginia Ideas
Editor's Blog
Spacer
TOP FEATURES
Spacer
Business Calendar
Virginia's Wealthiest
List of Leaders
Fantastic 50
Legal Elite
Super CPAs
Maritime Guide
Business Guide
Spacer
MARKET RESEARCH
Spacer
Business Libraries
Regional Guides
Spacer
CLASSIFIEDS
Spacer
Jobs
VACommercial
Executive Services
Spacer
CONTACT US
Spacer
Contact Us
Advertise With us
Planning Calendar
Subscribe
Spacer

Return to Virginia Business - March 2005

News & Features


Affordability and push to attract technology lands Luna nanoWorks

by John Hale
Virginia Business

March 2005

Danville is a long way from Greenwich Village, but for a scientist it offers something New York can’t: spacious homes at affordable prices. Stephen Wilson, president and chief technology officer for one of the city’s newest technology tenants, Luna nanoWorks, bought a home on Millionaire’s Row — a section of Victorian-era mansions along Main Street in Danville’s historic district. Wilson jokingly refers to his street as “quarter millionaire’s row,” because these sprawling homes with gables and gingerbread scrollwork are affordable for people like him who aren’t millionaires.

READER RESOURCES
Related story: Keeping workers at home

READER REACTION

Feedback: Comment on this story

Being an affordable place to live and conduct business is helping Danville attract technology jobs, offsetting losses from its manufacturing sector. Luna Innovations, a Blacksburg-based company that specializes in nanotechnology research and commercialization, picked the city for its sixth spinoff enterprise over other competing locations, because of its business climate, quality of life and technology initiative, with Danville building its own broadband, fiber-optic network.

Luna nanoWorks will operate from a circa-1870s historic tobacco warehouse downtown. It plans to use cutting-edge technology created at Virginia Tech to produce commercial products in such areas as cancer therapy, electronics, and chemical and biological warfare testing. When it becomes fully operational by the end of next year, Luna will employ more than 50 people, creating jobs primarily for technicians with a high school education or a two-year associate’s degree.

A handful of scientists will be imported to work on the complex chemistry involved in nanomaterial manufacturing. Eventually, the company hopes to expand beyond the 24,000-square-foot warehouse that it’s renovating. “You cannot beat this area for doing business. The cost of doing business … the turnkey approach with the city as far as the utilities. This renovation has been the most trouble free that I’ve worked with,” says Charles Gause, vice president of Luna nanoWorks. Also impressive, he adds, is the friendly atmosphere. “You actually get to know people here, which is something you don’t get in a large city.”

Danville takes pride in promoting Luna nanoWorks. Jobs such as the ones offered by Luna require a post high-school graduate level education, and increased education levels are frequently cited as drivers for economic development.

Attracting companies such as Luna and enterprises like the Institute for Advanced Learning and Research brings other benefits as well. Gause’s wife is a physician’s assistant. The institute’s executive director, Tim Franklin, works in tandem with his wife, Nancy, who is senior director for technology and community development. The presence of tech-savvy, college-educated professionals will help attract others of similar ilk, the city hopes.

Before Danville can become a magnet for the creative class, though, it needs places where people can gather. Gause discusses the potential of a side project — establishing a microbrewery and bar where intellectual discourse accompanied by appropriate reverie can occur. “I think we can find someone to go have a beer with. The problem is finding some place to have it,” he says.

In the meantime, Franklin characterizes the quality of life on Virginia’s Southside as “far better than the market perceives it to be.” But, he adds, “You need places to eat and drink. You need places to exercise. You need places to be entertained. You need excellent K-through-12 education. What Southside offers is great housing, easy commutes, outdoor recreation, beautiful countryside, warm people and very solid educational institutions, schools and colleges.”

Return to Virginia Business - March 2005


Virginia Business Online | Contact Us | E-mail the editor

VirginiaBusiness.com is part of the GatewayVa network.

©2007, Media General Operations Inc., publisher of Virginia Business.
Use of this website is subject to certain terms and conditions.