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Governor Northam Announces Over $9 Million in GO Virginia Grants to Spur Economic Recovery, Support Long-Term Growth

Governor Ralph Northam today announced two allocations of Growth and Opportunity for Virginia (GO Virginia) grants, totaling more than $9 million.

The first allocation of more than $7.8 million will support 11 regional projects and two statewide projects. The funding will help advance innovative workforce development initiatives designed to expand employment in the technology and maritime sectors and grow Virginia’s portfolio of business-ready sites. The grant awards will leverage an additional $15 million in non-state resources to support ongoing recovery and economic diversification efforts throughout Virginia.

The second allocation of over $1.4 million was awarded to 19 projects through the new Economic Resilience and Recovery Program that created by the GO Virginia Board in April to quickly deploy resources that will help communities mitigate the economic impacts of the COVID-19 pandemic. Information on the projects receiving funding through this program is available here.

“The GO Virginia program continues to demonstrate how regional collaboration can give rise to innovative projects that deliver real economic impact, especially during challenging times like those we face right now,” said Governor Northam. “These projects will increase workforce capacity, enhance Virginia’s competitive business environment, and support our ongoing efforts to build resilient communities that are well-positioned for future success and growth.”

“The projects are a testament to the GO Virginia Regional Councils’ leadership and their ability to respond to our current crisis while remaining committed to the program mission of growing regional economies and creating good jobs for Virginians,” said Secretary of Commerce and Trade Brian Ball. “We celebrate these grantees and their innovative projects that will transform the business landscape, both during this period of pandemic recovery and as we continue working to diversify Virginia’s economy.”

“The recent efforts of the GO Virginia program illustrate how the Commonwealth can focus on critical short-term economic needs and continue to invest in transformational, long-term economic growth,” said Chairman of the GO Virginia State Board Tom Farrell. “These grants represent a combination of ingenuity and resilience during a time of continued challenges due to the COVID-19 pandemic.”

To learn more, check out the whole article below.