Virginia Governor: $6.3 Million Grant to Drive Economic Growth

Virginia Governor: $6.3 Million Grant to Drive Economic Growth

RICHMOND, VA (STL.News) Governor 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.

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