Number of Members: Seven members
Term of Service: Four-year terms
Pursuant to Va. Code § 15.2-4903, the City of Hopewell created the IDA by ordinance 5-14-74. By ordinance No. 2011-22, the IDA changed its name to the “Economic Development Authority of the City of Hopewell, Virginia.” The Economic Development Authority helps businesses of all sizes, from diverse backgrounds and from all over the world thrive with market intelligence and site selection assistance. The purpose of the EDA is to promote industry and develop trade by inducing manufacturing, industrial, governmental, commercial enterprises to locate or remain in Hopewell and commercial enterprises to locate or remain in Hopewell and further the use of agriculture products and natural resources.