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Published: 10 May 2023

'It's a whole different business sector that we had not even envisioned or imagined before'

A groundbreaking took place Thursday for a new boutique hotel in Brunswick County that officials said will benefit small businesses and bring jobs to the area. It has been decades since the county along Virginia’s southern border with a population just shy of 16,000 has seen a project like this.

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Published: 25 February 2023

Governor Glenn Youngkin today announced that the Town of Chase City in VGA will be awarded $232,002 from the Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund (VBAF) for the Chase City Colgate Square. The VBAF provides either grants or loans to local governments to restore and redevelop brownfield sites and address environmental problems or obstacles to their reuse in an effort to effectively attract new economic development prospects. Administered by the Virginia Resources Authority, the VBAF is a partnership between the Virginia Economic Development Partnership and the Department of Environmental Quality.

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Published: 02 January 2023

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.

“The transformation of older, vacant or blighted structures into productive, usable spaces is crucial to catalyzing economic growth to create thriving communities,” said Governor Glenn Youngkin. “The Industrial Revitalization Fund continues to be an important resource for those redevelopment efforts, spurring regional partnerships, economic development and job growth across the Commonwealth.”

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Published: 02 November 2022

Governor Glenn Youngkin today announced that FyberX Holdings ("FyberX"), a developer of technology to process raw agricultural biomass into refined natural fibers, will invest $17.5 million to establish its U.S. headquarters and production operation in the former Kinderton Distribution Center building in Mecklenburg County. The new facility will process hemp and other agricultural products, producing fibers to supply the textile industry, and will create 45 new jobs.

"This industry is an emerging market in the United States, and I welcome the opening of the headquarters of FyberX which will unlock its growth potential in the Commonwealth," said Governor Glenn Youngkin. "This industry provides a sustainable alternative for industrial and consumer products that will also bring economic benefits to Virginia communities and farmers, and we look forward to a successful partnership with FyberX.