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The Economic Development Authority approved a commercial sponsorship agreement for the Marine Corps Half Marathon, an event expected to bring about 5,000 to 6,000 participants to Fredericksburg. It also approved increasing the Business Appreciation event budget from $3,500 to $3,800.
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The marathon sponsorship is intended to support an event expected to attract thousands of participants to the city. The EDA also approved a $300 increase for the Business Appreciation event. Proposed changes to the InvestFXBG Loan Program, including allowing loan funds for furniture, fixtures, and equipment, were sent to counsel for legal review and were not approved at this meeting. A housing assistance program for certain city employees is being developed, with a possible launch in early 2027.
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