Funding will support expanding small businesses, revitalizing downtown districts and filling vacant storefronts

Governor Glenn Youngkin announced today $2,910,500 in Virginia Main Street (VMS), Community Business Launch (CBL) and Virginia Business District Resurgence (VBDRG) grants for 45 projects across the Commonwealth. The funded projects will revitalize historic commercial districts, expand small businesses and bolster the local economies. 

Virginia Main Street Downtown Investment Grants

Virginia is first in nation to release plans to access federal broadband funding allocation

Governor Glenn Youngkin announced today the release of the Commonwealth's plans for closing the digital divide. The plans outline Virginia's strategy for connecting Virginians to high-speed, affordable broadband and will allow Virginia to access its $1.48 billion federal allocation to deploy high-speed internet networks to areas without broadband.  
 

Funding will support new construction and rehabilitation of over 3,200 affordable and special needs housing units

Governor Glenn Youngkin announced today $52,224,544 in Affordable and Special Needs Housing (ASNH) loans for 49 projects across the Commonwealth. The recommended projects will create and preserve 3,248 total units for low-income and extremely low-income households, including 337 permanent supportive housing units, 3,155 rental units and 93 units for sale as homeownership opportunities.  

Grants will support efforts to create jobs, improve infrastructure, and provide workforce training in Virginia's Appalachian Region

Governor Glenn Youngkin today announced that he is recommending 16 projects for funding by the Appalachian Regional Commission (ARC), totaling $7.3 million in grants. Virginia's Appalachian region encompasses 25 counties and eight independent cities. ARC will finalize approval of these project awards later this year. 
 

Investment will support community revitalization, industrial site development, childcare center and workforce development

Governor Glenn Youngkin today announced $8,250,000 in four Industrial Revitalization Fund (IRF) grants for the city of Staunton and the towns of Abingdon, Bluefield and Cape Charles grants to provide gap financing for construction projects aligned with local and regional economic development strategies. The four awarded projects will create over 125 jobs and leverage an additional $20 million in public and private investment.

Funding will support expansion of key industry sectors, improve industrial sites and cultivate a skilled workforce

Governor Glenn Youngkin announced today more than $2.9 million in Growth and Opportunity for Virginia (GO Virginia) grant awards for eight projects aimed at fostering talent development, economic acceleration and regional industry growth. Projects will support skill-building initiatives, entrepreneurial endeavors and connecting talent with employment opportunities to enhance the vitality of targeted sectors in Virginia.

The Virginia Department of Housing and Community Development (DHCD) today announced $1,481,489,572 in funding to close the digital divide in Virginia.