• Sat. May 8th, 2021

Virginia Governor: $6.3 Million Grant to Drive Economic Growth

Virginia Governor: $6.3 Million Grant to Drive Economic Growth

RICHMOND, VA (STL.NewsGovernor Ralph Northam today announced an allocation of more than $6.3 million in Growth and Opportunity for Virginia (GO Virginia) grants to help the Commonwealth continue addressing the economic impacts of the COVID-19 pandemic.  This funding will support a total of 15 projects, including eight regional GO Virginia projects and seven projects through GO Virginia’s Economic Resilience and Recovery Program.

“This funding will go a long way towards supporting a broad-based economic recovery across our Commonwealth,” said Governor Northam. “As we celebrate these projects, we must also recognize the leadership and many contributions of the late GO Virginia Board Chairman Tom Farrell, whose business acumen helped advance the GO Virginia mission of fostering lasting regional collaboration, and was instrumental in mounting a robust effort to spur Virginia’s economic recovery amid the pandemic.  His legacy will live on through innovative, impactful programs like this one.”

The projects receiving funds will provide additional capacity to expand workforce development and talent pipelines in key industries, support the growth of startup businesses and entrepreneurial ecosystems, grow Virginia’s portfolio of business-ready sites, and assist regions with mitigating the economic impacts of the COVID-19 pandemic.  The awards will leverage an additional $5.6 million in local and other non-state resources to assist with ongoing economic diversification and growth efforts throughout Virginia.

“From energy and life sciences to manufacturing and tourism, GO Virginia continues to spur innovative ideas and strategies to support businesses throughout the Commonwealth,” said Secretary of Commerce and Trade Brian Ball.  “As Chair, Tom Farrell gave so much of his time to the betterment of Virginia communities, and he will be dearly missed.”

“The recent efforts of the GO Virginia program demonstrate the importance of strategic thinking in regions, and how addressing near-term economic needs can create long-term economic growth opportunities,” said GO Virginia Board Member and House Speaker Eileen Filler-Corn.  “This round of grants represent a combination of ingenuity, collaboration, and resiliency during a time of unprecedented challenges due to the COVID-19 pandemic, and I look forward to seeing the positive impact they have on communities around the Commonwealth.”

Since the program’s inception in 2017, GO Virginia has funded 163 projects and awarded approximately $56.9 million to support regional economic development efforts.

Maryam Shah

Maryam Shah

Maryam Shah is a teacher, mother, and wife. She is dedicated to publishing news provided by the US Department of State, State Governors, and more. She constantly monitors the web for the latest news updates, quickly publishing stories to help keep the public informed.