RICHMOND, Va. (WRIC) — Growth and Opportunity Virginia (GO Virginia) will be awarding more than $1.2 million in grant awards for four projects in support of workforce and entrepreneurial development.
The four projects included in the $1.2 million grant awards are:
- “Accelerate” — George Mason University will host a competition and showcase of the top tech companies in Virginia. It is estimated this project will create 100 new jobs, engage 80-120 entrepreneurs and raise $50 million in total capital. GO Virginia has awarded $532,269 in funding for this project.
- “Tech Talent Retention” — The Central Partnership for Economic Development, along with other regional partners, will work to ensure college graduates launch their careers within Central Virginia by creating a talent pipeline for higher-paying jobs in the region. The project is expected to create or retain 55 jobs and has been awarded $307,800 by GO Virginia.
- “Carver Food Business Incubator” — Culpeper County will complete a community kitchen with specialized equipment, increasing the value of local produce for local businesses. The project is expected to create 93 new jobs and increase sales by 15%. GO Virginia has awarded $199,727 in funding for this project.
- “CS/root” — Various departments and affiliates of Virginia Tech will create a platform for computer science-based entrepreneurship in the Roanoke area. It is expected to create 24 jobs and has been awarded $175,000 by GO Virginia.
“GO Virginia allows us to invest in key projects that will enhance our economic growth by fostering workforce development and stimulating new business opportunities,” said Governor Glenn Youngkin. “These projects exemplify the innovative partnerships that GO Virginia grants were designed to promote, driving regional advancement and strengthening our Commonwealth.”
According to the Governor’s Office, GO Virginia has funded 233 projects and awarded approximately $93.7 million to regional economic development projects since its inception in 2017.