Tuesday, May 17, 2022

Northam Announces $77 Billion Secured in Capital Investment, Creating Nearly 100,000 New Jobs

Gov. Northam announces $77 billion secured in capital investments, creating nearly 100,000 new jobs. (WYDaily file)

STATEWIDE — Gov. Ralph Northam announced Wednesday that Virginia’s economy has generated a record $77 billion in capital investment for more than 850 projects.

The projects will create nearly 100,000 new jobs as the state sees an expansion of businesses and new companies move into the Commonwealth.

“Virginia’s economy is roaring because we’re investing in people, infrastructure, and our future,” Northam said. “When you treat people right it’s good for everyone and good for business. Companies want to invest here, and people want to work here. The billions of dollars companies are investing in our Commonwealth will expand opportunities and help Virginia reach new heights.” 

The announcement came just days after Northam reported that the Commonwealth attracted the largest job-creating investment in Southwest Virginia.

Virginia’s workforce investments include the new G3 program, which makes tuition-free community college and financial support available to low- and middle-income students pursuing jobs in high-demand fields. 

Northam also launched the $1.1 billion Tech Talent Investment Program, which is designed to increase the number of computer science graduates in the next 20 years.

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