Governor Glenn Youngkin said Friday his upcoming budget amendment proposal would include $350 million in additional funds for site readiness to add to the $150 million already allocated in the biennial budget. Youngkin told attendees at the Virginia Economic Summit and Forum on International Trade that despite Virginia’s pro-business advantages like the port, the Commonwealth’s workforce, and right-to-work, Virginia needs to do more to attract businesses.
“Virginia often is not selected by businesses, particularly by manufacturing projects, because megasites aren’t ready. Simply put, it’s not that we don’t have enough inventory, we don’t really have any. Since 2016, a lack of project-ready sites has cost Virginia more than 55,000 jobs and $124 billion in capital investment,” he said.Read More