Governor Glenn Youngkin Announces $90 Million in Grants to Develop Industrial Sites Across Commonwealth

RICHMOND, VA - Governor Glenn Youngkin today announced a total of $90 million in Virginia Business Ready Sites Program (VBRSP) development grants for 21 sites across the Commonwealth. Administered by the Virginia Economic Development Partnership (VEDP), this discretionary program helps characterize and develop sites to enhance the Commonwealth’s infrastructure with more competitive project-ready sites, to attract new business and accelerate expansion in Virginia. The program’s goal is to identify, assess, and improve the readiness of industrial sites with at least 100 contiguous, developable acres or 50 acres in the western part of the Commonwealth.

“The leading priority of the Virginia Business Ready Sites Program is to increase our project-ready sites portfolio across the Commonwealth, and this unprecedented site development funding is an important step forward in strengthening Virginia’s infrastructure,” said Governor Glenn Youngkin. “Prepared sites drive economic growth, and we have to move faster to attract new businesses. We are hitting the accelerator to build a best-in-class business environment so the Commonwealth can compete to win, and I have included the necessary additional funding for the VBRSP in my proposed budget.”

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