Economic Development Authority

Overview

FXBG EDA LogoThe Economic Development Authority acts as a catalyst for responsible economic growth that improves Fredericksburg’s quality of life. The EDA receives its funding from annual fees derived from the issuance of bonds for qualified borrowers. Additionally, the EDA advises the City Manager and City Council on fostering economic and industrial development.

The Fredericksburg EDA plans to focus on three key goals in Fiscal Year 2023/2024: Enhancing gateway corridors, growing the tourism base, and fostering workforce development programs. 

View FY2023 Budget Narrative

View FY2022 Annual Report

The Fredericksburg Economic Development Strategic Plan was adopted by the Fredericksburg City Council on May 23, 2023, and endorsed by the Fredericksburg Economic Development Authority on March 13, 2023. The 10-point plan pulls from all existing City visions/plans.

The board consists of seven Members, city residency required, appointed to four-year terms with term expiration of June 30.

Members

  • Suzy Stone, Interim Chair
    Term: July 1, 2022 through June 30, 2026
  • Beth Black, Interim Vice Chair
    Term: June 22, 2021 through June 30, 2025
  • Susan Richey, Secretary
    Term: June 23, 2022 through June 30, 2024
  • Kevin Hughes, Interim Treasurer
    Term: July 1, 2023 through June 30, 2027
  • Mitzi Brown
    Term: July 1, 2022 through June 30, 2026
  • Anita Crossfield
    Term: July 12, 2023 through June 30, 2027
  • Joel Griffin

    Term:  January 23, 2024 through June 30, 2024

Other Staff

  • Amy Peregoy, Assistant Secretary (Freedom of Information Act Point of Contact)
  • Bill Freehling, Department of Economic Development Liaison
  • Jackson Key, Legal Counsel

Agendas & Minutes

Agendas are available prior to the meetings. Minutes are available following approval.

View Most Recent Agendas and Minutes

2024 Meeting Dates

  • January 29
  • February 12
  • March 11
  • April 8
  • May 13
  • June 11
  • July 8  
  • August 12
  • September 9
  • October 14
  • November 18
  • December 9

The EDA meets at 8:30 a.m. on the second Monday of each month (third Monday if second Monday falls on a City holiday).