BUSINESS
Governor Youngkin Announces $5.4 Million in Grants for Virginia Communities
Governor Glenn Youngkin has announced $5.4 million in grant awards to support 30 local projects aimed at revitalizing historic commercial districts and expanding small businesses in Virginia.
Key outcomes of the funding include:
Creation or expansion of 19 businesses
Generation of 142 new jobs
Leverage of over $17.6 million in additional investments
Governor Youngkin expressed enthusiasm for the partnerships with local leaders, emphasizing the potential for job creation and community prosperity.
The grant distribution includes:
Over $4.5 million in Industrial Revitalization Funds for 8 projects
$570,000 in Virginia Main Street grants for 17 communities
$325,000 in Community Business Launch grants for 5 projects
Secretary of Commerce and Trade Juan Pablo Segura highlighted that these grants provide targeted support for local economic development and community revitalization efforts.
Governor Glenn Youngkin has announced $5.4 million in grant awards to support 30 local projects aimed at revitalizing historic commercial districts and expanding small businesses in Virginia.
Key outcomes of the funding include:
Creation or expansion of 19 businesses
Generation of 142 new jobs
Leverage of over $17.6 million in additional investments
Governor Youngkin expressed enthusiasm for the partnerships with local leaders, emphasizing the potential for job creation and community prosperity.
The grant distribution includes:
Over $4.5 million in Industrial Revitalization Funds for 8 projects
$570,000 in Virginia Main Street grants for 17 communities
$325,000 in Community Business Launch grants for 5 projects
Secretary of Commerce and Trade Juan Pablo Segura highlighted that these grants provide targeted support for local economic development and community revitalization efforts.
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