In August, President Tom Barkin, Regional Executive Renee Haltom, and Regional Community Development Manager Jarrod Elwell met with local community and business leaders in Farmville, Virginia. The meeting aimed to understand the economic strengths and opportunities of the region as part of the Bank’s Community Conversations program.
Farmville is located 75 minutes from Richmond and offers attractions for both bargain hunters and outdoor adventurers. The area's economy is influenced by educational institutions and agricultural roots. The visit began at the Robert Russa Moton Museum, a National Historic Landmark known for its role in America's student-led civil rights revolution.
During discussions with officials from Farmville and Prince Edward County at the museum, it was noted that the High Bridge Trail attracts tourism while boosting local businesses and community engagement. Green Front Furniture also contributes significantly to the local economy by drawing shoppers to its extensive downtown campus and providing employment opportunities.
The town aims to leverage its assets to encourage a diversified economy and improve residents' quality of life. An official expressed hopes that tourists will "come for the trail and stay for the shopping."
A roundtable on workforce development included representatives from Longwood University, Hampden-Sydney College, and Southside Community College. These institutions play key roles in Farmville's economic landscape. Longwood University has seen growth in graduate programs, while Hampden-Sydney College successfully recruits students from diverse regions despite concerns about declining enrollment due to changes in FAFSA applications. Southside Community College has experienced high demand for trades programs like commercial drivers licensing (CDL).
Despite these strengths, Farmville faces challenges such as stagnant population growth due to a limited industrial base and lack of higher-paying jobs. A nonprofit roundtable highlighted issues like an aging population, poverty rates, food access, transportation, and healthcare needs. However, a collaborative nonprofit network remains committed to addressing these challenges.
The Farmville area has strong assets including educational institutions and recreational attractions that suggest potential for future growth despite current challenges.
