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Gov. Glenn Youngkin

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Sep 16, 2024

OpTech expanding Loudoun satellite plant

Optimum Technologies, a Sterling space flight hardware designer and manufacturer, plans to expand its Loudoun County satellite manufacturing plant, a project expected to create 40 jobs, Gov. Glenn Youngkin announced Monday. Known as OpTech, the company will invest $999,000 in the expansion, according to the governor’s office. OpTech was founded in Virginia in 2015 and […]

Sep 5, 2024

Pump, valve manufacturer to expand in Henrico

KSB USA/North America, a Henrico County-based pump and industrial valve supplier, will invest $25 million to more than double the square footage of its facility there, a project expected to create 32 jobs, Gov. Glenn Youngkin announced Thursday. As part of the expansion, KSB will add another loading dock office space and update its shipping […]

Photo of a brick sign that reads Smithfield next to a road.
Aug 27, 2024

Smithfield separates from European arm

Smithfield Foods announced Tuesday that its European operations have been carved into an independent subsidiary. The action takes place a little over a month after Smithfield’s Chinese parent company, WH Group, which has its headquarters in Hong Kong, announced plans to take the company public in the United States.  Smithfield Europe, now to be called […]

Aug 23, 2024

South Asian yogurt manufacturer to open Frederick County facility

Desi Fresh Foods, a producer of Indian-style spoonable and drinkable yogurt products, is opening a new manufacturing facility in Frederick County, creating 56 jobs, Gov. Glenn Youngkin announced Friday.  The New York-based company will “invest a significant amount of money to open a new manufacturing facility,” according to a news release. Desi Fresh Foods and […]

A black sports car
Aug 22, 2024

Hand-built electric classic sports cars to be built in Danville

RBW Sports & Classics, a United Kingdom manufacturer of hand-built electric vehicles that have designs inspired by British sports cars from the 1960s and 1970s, plans to invest $8 million to establish a manufacturing facility at Cane Creek Centre in Danville, Gov. Glenn Youngkin announced Thursday.  The project is expected to create 144 jobs. Those […]

A large building and a parking lot.
Aug 21, 2024

SWVA projects recommended for $10M in federal grants

Four Southwest Virginia economic development projects have been recommended to receive a cumulative $10 million in federal Abandoned Mine Land Economic Revitalization (AMLER) grants, Gov. Glenn Youngkin and U.S. Rep. Morgan Griffith, R-Salem, announced Monday. The projects are on sites where coal was mined prior to 1977, the year the Surface Mining Control and Reclamation […]

An aerial view of land that includes a blue water tower
Aug 9, 2024

Va. localities win $126M in grants for industrial sites

Gov. Glenn Youngkin this week announced $126 million in Virginia Business Ready Sites Program development grants to fund work on 23 industrial sites in the commonwealth. Virginia’s growing inventory of project-ready sites was a factor in CNBC naming the commonwealth America’s Top State for Business in July, Gov. Youngkin noted in a Thursday news release. […]

Gov. Glenn Youngkin stands behind a podium.
Aug 7, 2024

Va. Lottery reports record $5.5B in FY24 sales

Virginia Lottery reported a record-breaking $5.5 billion in sales for fiscal 2024 and highest ever profits of $934 million, Gov. Glenn Youngkin announced Wednesday.  In fiscal 2023, the state lottery reported $4.6 billion in revenue and $867 million in profits, which set the previous records for the state agency, which opened 36 years ago. Lottery […]

Aug 5, 2024

Va. tourism generated $33.3B for 2023

Virginia’s tourism industry generated $33.3 billion in visitor spending in 2023, an increase of nearly 10% over 2022, Gov. Glenn Youngkin announced Monday.  “The commonwealth’s record-breaking visitor spending numbers are a testament to our abundance of attractions and unique destinations,” Gov. Youngkin stated in a news release.  Virginia’s tourism industry supported over [...]

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Aug 2, 2024

Youngkin: Va. spawned 10,000+ startups in 2022-23

More than 10,000 high-growth and high-wage startup companies were created in Virginia during 2022 and 2023, according to research conducted by Richmond’s Chmura Economics & Analytics for the Virginia Innovation Partnership Corp.  On Thursday, Gov. Glenn Youngkin announced this achievement at an event at Zebox America, an Arlington County-based startup accelerator and innovation hub run [...]

Va. gets initial approval for $1.48B to increase broadband
Jul 26, 2024

Va. gets initial approval for $1.48B to increase broadband

The U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA) has approved Virginia’s initial proposal for the Broadband Equity, Access, and Deployment (BEAD) program, according to a NTIA dashboard that tracks proposals.  This approval means Virginia can now request access to $1.48 billion in federal funding to reach locations in the state that do[...]

A contractor rides a four-wheeler next to a power line.
Jul 25, 2024

VATI awards $41M in broadband grants to localities

The Virginia Telecommunications Initiative, which funds broadband extension to unserved areas, will provide more than $41 million in grants to 10 broadband construction projects that will serve Virginians in 20 localities, Gov. Glenn Youngkin announced Wednesday.  “Virginia continues to be a national leader for closing the digital divide, and today’s announcement brings us one step [&hell[...]

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