Funds will support construction of biotechnology facilities and expand pharmaceutical manufacturing capabilities in Petersburg and other localities

Governor Glenn Youngkin announced more than $66 million in state grants for four projects within the Biotechnology, Life Sciences and Pharmaceutical Manufacturing Cluster. These projects provide job creation, wage expansion, and broader economic growth throughout the Commonwealth.

Investment will support eviction prevention and diversion services

Governor Glenn Youngkin today announced more than $2.9 million for the Virginia Eviction Reduction Pilot (VERP) for seven projects throughout the Commonwealth to support eviction prevention services for 48 communities.

"Safe, stable housing is an essential component for strong families," said Governor Glenn Youngkin. "This pilot program tests to find the most effective wrap-around support services and assistance for Virginians that face housing uncertainty."

University of Virginia Institute for Biotechnology | $36,000,000
City of Charlottesville 
This project will support the University of Virginia Institute for Biotechnology to accelerate biotechnology commercialization, genomics and gene therapies, drug delivery technologies and biomanufacturing facilities in Virginia through incentives designed to attract research scientists. 

Governor Glenn Youngkin today announced more than $24.7 million in 20 Industrial Revitalization Fund (IRF) grants. IRF grants provide gap financing for construction projects aligned with local and regional economic development strategies, primarily in distressed communities. 

White Mill Redevelopment | $5,000,000

Governor Glenn Youngkin announced today more than $5 million in Growth and Opportunity for Virginia (GO Virginia) grant awards for 10 projects focused on expanding talent pipelines and strengthening workforce development while accelerating economic growth and job creation efforts across the Commonwealth.

Focus on community revitalization, organizational development and capacity building 

The Virginia Department of Housing and Community Development (DHCD) is launching its first Mobilizing Main Street Program cohort-based program with the first 10 participating organizations representing the localities of Big Stone Gap, Buena Vista, Clarksville, Colonial Beach, Covington, Galax, Martinsville, Hilton Village in Newport News, Petersburg and Phoebus in Hampton.

Relief provided to eligible property owners affected by August 2021 Hurley floods

Governor Glenn Youngkin today announced that more than $2 million has been distributed through the Hurley Relief Fund. The relief payments are available to Virginia residents with real property damages caused by the flooding event occurring on Aug. 31, 2021, in Hurley, Virginia, which was subject to both a state declaration of emergency and federal Major Disaster Declaration.

Funding will support housing rehabilitation, water and sewer improvements, and community development projects

Governor Glenn Youngkin today announced more than $11.5 million in Community Development Block Grants (CDBG) for 10 projects across the Commonwealth.

The projects will receive funding to rehabilitate housing, improve water and sewer infrastructure and provide facilities for needed services and expand business development support and entrepreneurial ecosystem development services, benefiting more than 700 low- to moderate-income Virginians.  

B Street Community Project | $1,500,000