UPDATE 11:15 a.m.: Officials have announced that Team Twenty24, a professional cycling team is relocating to Virginia’s Blue Ridge and renaming their organization, “Virginia’s Blue Ridge Twenty24.”

The organization is full of elite female and junior cyclists.

This story will be updated.

ROANOKE, Va. (WFXR) – On Saturday morning, leaders with Virginia’s Blue Ridge and the Commonwealth of Virginia will be making what they refer to as a “significant announcement.”

WFXR News has been told that this announcement will elevate the region’s position as a premier destination for pro-cycling, diversity and business.