The International Economic Development Council gave the Virginia Department of Housing and Community Development excellence awards for three of the department’s economic development programs: the Community Business Launch, Industrial Revitalization Fund and Growth and Opportunity for Virginia (GO Virginia).
“Virginia’s IEDC awards are well-deserved recognition for the ongoing and innovative programs that are supporting our economic development efforts across Virginia,” Governor Glenn Youngkin said in a release.
Youngkin’s office regularly highlights grants and other economic development projects across Virginia.
Four projects focused on business development and jobs growth won the 2022 Growth and Opportunity for Virginia (GO Virginia) grant awards totaling $1.2 million.
“GO Virginia allows us to invest in key projects that will enhance our economic growth by fostering workforce development and stimulating new business opportunities,” Governor Glenn Youngkin said in a Tuesday announcement. “These projects exemplify the innovative partnerships that GO Virginia grants were designed to promote, driving regional advancement and strengthening our Commonwealth.”
Virginia has awarded $6.3 million worth of grants designed to spur economic growth, which includes workforce development grants, Gov. Ralph Northam announced Friday.
The money will be dispersed among 15 projects, which include workforce development, site development and infrastructure, entrepreneurial ecosystems and COVID-19 recovery efforts. This includes eight regional GO Virginia projects and seven funded through the GO Virginia’s Economic Resilience and Recovery Program.