The latest round of Growth and Opportunity Grants for Virginia (GO Virginia) totaling more than $10.2 million will support regional economic growth in the Commonwealth. The grants will help fund 13 projects focused on expanding talent pipelines in key industries, strengthening entrepreneurial ecosystems, and developing business-ready sites.
“GO Virginia is an essential tool to drive innovation and inspire regional collaboration for economic growth across the private, public and not-for-profit sectors,” Governor Glenn Youngkin said. “These projects will allow us to expand Virginia’s workforce development opportunities, strengthen our talent pools, and continue to build a Commonwealth that works for all Virginians.”
Since the program’s inception in 2017, GO Virginia has funded 229 projects and awarded approximately $92.5 million to support regional economic development efforts.
This series of grants includes eight regional projects and five projects under GO Virginia’s Resilience and Economic Recovery program. Additionally, awarded projects will receive an additional $14.1 million in local and non-state resources.
“These innovative projects will enable partners to retain talent in their region, grow their existing workforce and grow key industries while diversifying unique regional economies across the Commonwealth,” said the Secretary of Commerce and at Commerce Caren Merrick. “GO Virginia provides crucial funding to achieve long-term economic growth and empowers Virginia communities with the tools they need to thrive.”
“It is always exciting to see the impact these projects have on the growth and diversification of economies in each of these regions,” said Todd A. Stottlemyer, Vice Chairman of the Board of GO Virginia. “The hard work of our regional councils and partners to make an economic impact across the Commonwealth is evident.”
The full list of scholarships per capita 2022 is listed here.
EAB will expand and create 206 new jobs
In Henrico County, EAB will invest at least $6 million and create more than 200 jobs over the next five years. To facilitate this growth, the provider of education search, technology, marketing and enrollment solutions plans to move from two locations and consolidate its Richmond-based operations into a 70,000 square foot space at the SunTrust Building on West Broad Street. EAB considered other existing corporate sites across the country for the project before selecting Virginia.
“EAB is deeply committed to the Richmond area, and we believe our long-term investment will serve Henrico County, the Greater Richmond community, and our growing employee base for many years to come,” said the EAB President, Marketing and Enrollment Solutions, Chris Marette. “We are proud to have been recognized as one of the best places to work in Richmond for each of the past six years, and providing a more flexible hybrid workspace will strengthen our ability to attract and retain local talent whose we need to continue to help our partner. institutions respond to the complex challenges facing the education sector.
The Virginia Economic Development Partnership worked with the Henrico Economic Development Authority and the Greater Richmond Partnership to secure the project for Virginia. Governor Youngkin approved a $741,600 grant from the Commonwealth’s Opportunity Fund to assist Henrico County with the project. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
“EAB has been a committed business partner in Virginia for more than 30 years, and we are excited to see their continued expansion and investment in Henrico County,” Governor Youngkin said. The company’s success reinforces the importance of attracting and retaining a skilled workforce that helps fulfill EAB’s mission of improving education and communities across the country.
“EAB is a valued employer in the Commonwealth, and we are pleased to support its growth and the creation of 206 new jobs in Henrico County,” said Merrick. “The Greater Richmond area’s combination of world-class talent, stable business climate, competitive operating costs and livability provides an ideal location for EAB to thrive, and we look forward to continued of this partnership.
“We are thrilled that EAB is expanding its operations in Henrico County and moving into new office space,” said Jennifer Wakefield, President and CEO of the Greater Richmond Partnership. “Tech companies like EAB and other office users find Henrico County and Greater Richmond to be the perfect combination of low business costs and a high quality of life for their employees.”