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Community Profile: Lynchburg


Simplimatic Automation has built a 60,000-square-foot facility in the New London Business and Technology Center.


worked with 10 companies that have either expanded or relocated to Bedford County. An example is the International Critical Infrastructure Security Institute (ICISI), a nonprofit organization that tests, validates and certifies cybersecurity solutions. Another new Bedford firm is


Technology Center in April 2015, where it built a 60,000-square-foot facility. CFO Sara Orange says the company


has grown rapidly during the past four years, jumping from 45 employees and $14 million in revenue in 2012 to 110 employ- ees and $24 million in revenue in 2016. “We’re already at capacity,” Orange says,


noting that the firm is looking at either expanding its current facility in the New London park or building on an adjacent lot.


Also in the New London park is the


Center for Advanced Engineering and Research (CAER), a 10-year-old R&D facility and business incubator. It has


NanoTouch Materials. It moved to the CAER facility from Lynchburg after receiving a $2 million Tobacco Com- mission grant to commercialize its self- cleaning mats and surfaces. The company plans to sell its products to hospitals, hotels and facility management firms. The four-person firm, which recently won an international innovation award for new cleaning agents, plans to hire up to 16 more employees and build a facility in the New London park, says co-founder Mark Sisson. “We’re currently working with the


Bedford Economic Development team and the Tobacco Commission to figure out what funds might be available to accelerate that project and [get] that building done sooner, even as we con- tinue working to grow market awareness and sales,” he says.


SUCCESS FEELS GOOD WHEN YOUR BANK IS THE PERFECT MATCH.


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Navigating the real associates atM


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alltty market can b comple ox eal


markett can be comp x – bupllex – b t thbut the are up for the he c allenge


are up for th challenge e.


For decades, they’ve been matching people with the properties that best fit their needs. When it comes to getting expert financial advice for their own business, they turn to Charlie Martorana, Union Commercial Real Estate Lender. “Union helped us navigate some business challenges and really came through for us,” says Barry Kelley, CEO of Matchbox Realty. Now, that’s what we call a good match. Call us at 540.568.2080 today.


540.568.2080 Union Bank & Trust


74 JANUARY 2017


Photo courtesy Simplimatic Automation


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