In 1991, the Falling Creek Ironworks Foundation was established. The purpose of the foundation is to study of the rich historic and industrial heritage of the Falling Creek area from 1619-1622. Its mission is to preserve, investigate, enhance and interpret the first American Ironworks, the site of the beginning of the iron and steel industry in the New World. The foundation works in a cooperative partnership with Chesterfield County’s Department of Parks and Recreation to manage the site and protect the property. Since 1996, and annual event has been held to commemorate the history of this site.
Chesterfield County acquired Falling Creek Ironworks Park in 1995 with additional parcels in 2004 and 2013 which consists of 14.6 acres. The Falling Creek greenway was acquired in 1994 and 2000 with 82.9 acres. Falling Creek Ironworks Park is one of the parks within the Chesterfield County Parks system and is still under development.
Specific projects and accomplishments that the Falling Creek Ironworks Foundation and Chesterfield County have undertaken include: