VIRGINIA, USA — Virginia is making moves to solidify its reputation as America's best place for business.
Governor Glenn Youngkin has announced a $126 million investment in the Virginia Business Ready Sites Program (VBRSP), awarding grants to 23 sites across the Commonwealth. This initiative, managed by the Virginia Economic Development Partnership (VEDP), aims to transform these sites into fully prepared hubs for business operations and manufacturing.
The VBRSP is designed to enhance Virginia's economic growth by funding critical infrastructure improvements and streamlining the permitting process. Sites receiving grants must have at least 100 contiguous developable acres, or 50 acres in designated western regions, ensuring the investment targets the most promising locations.
Governor Youngkin emphasized the importance of these business-ready sites in attracting large-scale projects and creating thousands of jobs. Previous funding has led to 3,720 direct job announcements across 45 sites. The current grants, covering over 10,000 acres, are expected to drive further economic development.
Despite being relatively new, Virginia’s focus on site development is already yielding significant returns. Jason El Koubi, President and CEO of VEDP, noted that these investments have been crucial in establishing Virginia as a leader in site development, enhancing its competitiveness and economic vitality.
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