Governor Glenn Youngkin today announced a new initiative designed to speed up permitting processes for large industrial developments.
“We’re doubling down with the Made in Virginia Investment Accelerator to fast-track game-changing projects, cut red tape, and deliver results that power prosperity across the Commonwealth.”
The idea is being sponsored by the Secretary of Commerce and Trade as well as the Virginia Economic Development Partnership. Projects that go through the accelerator program will have permits expedited at the state level. Phrases in the press release include “concierge-style service” and “whole-of-government coordination.”
“A unified approach among state agencies will address investor needs promptly, leveraging unique access to Virginia’s cabinet officials and agency leaders to fast-track opportunities,” reads a portion of the information release.
To qualify a project has to promise to create 500 new jobs and make an investment of at least $250 million. This can be for expansions or for new facilities.
Also today, Youngkin announced that the LEGO Group will build a 2,000,000 square foot warehouse in Prince George County’s Crosspointe Business Center, creating 305 new jobs. The deal was facilitate by a $2.53 million grant from the Commonwealth’s Opportunity Fund to help Prince George County with some of the associated costs.
Before you go: This story was originally distributed in the May 8, 2025 edition of Charlottesville Community Engagement. If you’d like to support this work, please take a look at this section of the website.
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