Bedford County Economic Development

Office of Economic Development


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New London Business & Technology Center

The New London Business and Technology Center is a 500 wooded acre development that combines modern day technology with environmentally friendly sites and walking trails. Although the center’s focus is technology, a wide variety of business uses are welcome. The park is home to the Center for Advanced Engineering and Research (CAER) that opened its doors in 2011 to create a knowledge-based R&D hub for the region. Options for locating in the New London Business and Technology Center include land lease or outright purchase of lots. Special tax incentives are available for qualifying technology companies.

Download the Site Information»

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Location

U.S. Route-460 and Meade Road in Bedford County, Virginia

Site Data

  • 500+ acres, wooded sites with buffer and walking trail
  • 200+ acres designated a Virginia Technology Zone
  • Lots ranging in zize from 8 to 48 acres

Documentation

  • Digital aerial photographs
  • Conservation easements in place

Highways

  • U.S. Route 460 (frontage)
  • Interstate 81 north & south (50 miles west)

Air Service

  • Lynchburg Regional Airport (10 miles west)

Utilities

  • Water and sewer throughout (Bedford Regional Water Authority)
  • 25-kV, 3 phase electric power installed with the substation located inside the New London park (Southside Electric Cooperative)
  • Telecom fiber in place at entrance to park (Mid-Atlantic Broadband) Ductbank in place throughout open section. Other providers having fiber in place are Verizon and N’telos
  • Million gallon water storage tank in service

Taxes

  • Real estate – $.52 per $100 assessed value
  • Business personal property – $1.70 per $100 original purchase price
  • Machinery and Tool – $1.20 per $100 original purchase price
  • Merchants Capital – NONE (eliminated in 2011)

Zoning

  • Planned industrial – allows a variety of business, research, and manufacturing users
  • Technology Zone with special incentives for qualifying companies.

Other Available Downloads

View Aerial Footage of the New london Business & Technology Center