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Virginia: At The Ready For Business

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Virginia: At The Ready For Business


By Anne Cosgrove
From the September/October 2024 Issue

Site development across Virginia is in motion, with the state having introduced a targeted effort in 2022. This past July, Governor Glenn Youngkin awarded a total of $126 million in Virginia Business Ready Sites Program (VBRSP) development grants for 23 sites across the Commonwealth. Administered by the Virginia Economic Development Partnership (VEDP), this discretionary program partners with localities, utilities, and state agencies to fund infrastructure improvements that build operations-ready sites. 

In addition to developing the project-ready sites, the VBRSP program assembles permits and approvals to make way for a smooth construction process. VBRSP identifies, assesses, and improves industrial sites with at least 100 contiguous, developable acres, or 50 acres in the western part of the Commonwealth and in areas with other qualifying conditions.

“Speed to market is a major consideration in site selection decisions, and the Virginia Business Ready Sites Program has helped Virginia increase its inventory of suitable sites for major projects,” said Secretary of Commerce and Trade Caren Merrick at the July announcement. “This round of the Virginia Business Ready Sites Program will enhance 23 sites across the Commonwealth, ensuring all of Virginia is positioned to fully capture economic development and job creation opportunities for years to come.”

Located in Arlington, VA, the Ronald Reagan Washington National Airport is one of the 65 public-use airports in the Commonwealth. (Photo: Adobe Stock/ nate hovee)

Since the program’s inception in 2022, 45 sites have received funding, and to date, 3,720 direct jobs have been announced on sites that have received VBRSP grants. In 20224, 23 sites representing more than 10,000 acres of developable land are receiving funding.  

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“Virginia has worked strategically to create a diverse portfolio of project-ready sites to meet company needs in a variety of target sectors, and these grants are a primary reason why Virginia is recognized as a national leader in site development,” said Jason El Koubi, VEDP President and CEO. “I am incredibly proud of the results of the program’s efforts. This investment in Virginia’s infrastructure will continue to accelerate economic development in every region of the Commonwealth for years to come.”

VBRSP was developed by a team of state, regional, and local partners including VEDP, Virginia Department of Environmental Quality, railroad representatives, utility representatives, civil engineers, and other government, business, and industry representatives.

Richmond Airport Handles Record Cargo

According to reported statistics, activities attributable to the Richmond International Airport (RIC) create nearly 16,000 jobs and contribute about $2.1 billion in annual economic activity. Commercial activity at RIC reflects operations by Allegiant, American, Breeze, Delta, JetBlue, Southwest, Spirit, Sun Country (seasonal), United and their regional airline affiliates, as well as cargo operations by Amazon, DHL, FedEx, and UPS.

Over the past two and a half years, an average of 16 million pounds of cargo has moved through RIC each month. The May 2024 data reporting 20.3 million pounds was the most cargo through the facility since at least January 2014. Since January 2022, cargo moving through the airport has increased an average of 1% per month.

Canon Virginia Expands, Plenty Unlimited Opens

Canon Virginia, Inc., the global manufacturer of consumer and office products, will expand its manufacturing facility in the City of Newport News. The expansion will support Canon’s initiative to scale a method of isolating natural silk protein to create a solution with applications for multiple industries. Canon Virginia will retrain 30 employees to staff the new line, which is one of the company’s first ventures outside their longstanding core business of image-related products.  

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“This announcement brings great opportunity for Canon Virginia to continue our commitment to innovation, growth and development in Virginia,” said President & CEO of Canon Virginia, Inc. Shingo Shigeta.

“With this expansion, we will make silk protein a viable commercially scaled technology with broad application use in various segments,” continued Shigeta. “Virginia’s conducive business environment and the healthy business ecosystem has helped us achieve this goal—this is only possible through unwavering support from the Commonwealth of Virginia, Gov. Youngkin, VEDP, the City of Newport News, and the Hampton Roads Alliance.”

Canon Virginia is expanding its manufacturing capacity at its site in Newport News. (Photo: Canon Virginia)

Canon Virginia, Inc., a subsidiary of Japanese corporation Canon Inc., serves as the Canon manufacturing, engineering, recycling and technical support center for the Americas. Canon Virginia produces products such as the new silk protein using advanced manufacturing methodologies while also serving as a factory service center providing customer service in the repair and refurbishment of Canon products. Canon Virginia’s manufacturing services extend to injection mold making, contract manufacturing, medical contract manufacturing and aftermarket services. 

VEDP worked with the City of Newport News to secure the project and will support Canon Virginia’s retraining efforts through the Virginia Jobs Investment Program. Gov. Youngkin also approved a performance-based grant of $350,000 from the Virginia Investment Performance Grant, an incentive that encourages continued capital investment by existing Virginia companies.

In Chesterfield, VA, Plenty Unlimited chose a site in 2022 for its indoor vertical farming operation. This fall, the company opened the new facility slated to produce more than four million pounds of strawberries annually by growing vertically on towers that are 30 feet tall. The Greater Richmond operation is the world’s first farm to grow indoor, vertically farmed berries at scale. 

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The Plenty Richmond Farm Campus is the largest indoor vertical farm campus in the world and a projected $300 million investment that is planned to bring more than 300 total jobs to Virginia.

The first set of strawberries from the farm is expected to be available in early 2025.

Check out all the latest news related to Virginia economic development, corporate relocation, corporate expansion and site selection.



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York County’s Commonwealth Attorney, United Way of the Virginia Peninsula Partner to Establish The Guardian Network | Williamsburg Yorktown Daily

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York County’s Commonwealth Attorney, United Way of the Virginia Peninsula Partner to Establish The Guardian Network | Williamsburg Yorktown Daily


A new effort is being led by Commonwealth Attorney Krystyn Reid, with support from Sen. Danny Diggs to help missing persons. (Ron Lach/Pexels.com)

HAMPTON ROADS— A proposed initiative known as The Guardian Network seeks to strengthen coordination and public access to verified information when children, seniors, and vulnerable adults go missing in Virginia.

The effort is being led by Commonwealth Attorney Krystyn Reid, with support from Sen. Danny Diggs through a budget amendment to SB30. If the amendment passes, development would move forward through the Virginia State Police.

Reid said the idea grew from her years of public service.

“The difference between politics and public service is simple,” Reid said. “One is what you say. The other is what you do.”

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Reid began her career representing domestic violence survivors and said she witnessed firsthand how quickly families can be thrown into crisis.

“When someone does not make it home, that is a family’s worst moment,” Reid said. “The Guardian Network comes from a belief that we can strengthen coordination in those first critical hours and better protect vulnerable communities.”

The network is designed to complement existing alert systems such as AMBER, Silver, Ashanti and CODI alerts. Participation would be voluntary for both families and the public.

“It does not replace them. It reinforces them,” Reid said. “What we lack is one centralized, accessible place to see verified information. This is about coordination and clarity.”

Currently, information can be fragmented, she said, making it harder for families and communities to respond effectively.

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“Families in crisis should not have to search multiple platforms,” Reid said. “Public safety requires structure. Our response should be organized and accessible.”

The United Way of the Virginia Peninsula has expressed support for the initiative, citing its alignment with the organization’s mission to improve lives by advancing education, financial stability and health.

“Children are the highest age demographic experiencing eviction and homelessness, which creates unique vulnerabilities including separation, exploitation and trafficking,” said Charvalla West of United Way of the Virginia Peninsula. “Seniors face increasing isolation, housing instability and caregiver strain in what many describe as the ‘Silver Tsunami’ of a rapidly aging population.”

She said the organization supports The Guardian Network because it strengthens coordination during the most critical moments when vulnerable individuals go missing.

“The Guardian Network aligns directly with our work to stabilize families and protect vulnerable communities,” West said. “When vulnerabilities are reduced, safety increases.”

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United Way collaborates with certified partner agencies across the Virginia Peninsula that focus on homelessness prevention, youth development, domestic violence response, aging services and housing repair. Those organizations would continue serving in their core roles, providing safe housing, trauma-informed care, mentorship, caregiver support and case management, while the network enhances coordination and awareness.

“The Guardian Network enhances coordination and awareness, while nonprofits provide the direct relational support that protects individuals before, during and after crisis events,” West said.

The concept also includes a second phase of development that would establish a standing advisory committee composed of survivors, impacted family members, nonprofit leaders, victim advocates and public safety professionals. A third phase would focus on identifying and allocating resources to support coordinated response efforts in collaboration with law enforcement, including ensuring necessary logistical supplies are available during active situations.

The immediate focus is Virginia. If successful, supporters say the model could be scalable to other states seeking to strengthen coordination in missing-person cases.

Reid said the goal is clear.

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“A stronger safety net. Better coordination. And helping bring loved ones home,” she said. “Everyone deserves to come home.”



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Virginia ACA enrollment drops by more than 44,000 as federal tax credits expire

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Virginia ACA enrollment drops by more than 44,000 as federal tax credits expire


RICHMOND, Va. — Virginia state Democrats are proposing using state funds to help Virginians afford health insurance premiums after federal tax credits expired at the end of last year.

The director of Virginia’s Insurance Marketplace said that expiration has led to tens of thousands of Virginians losing health insurance coverage through the state’s Affordable Care Act marketplace this year and warns it could grow to 100,000 without intervention.

“Our customers are Virginians who don’t have another option for health insurance coverage,” said director Keven Patchett.

Patchett said when open enrollment closed on Jan. 30, 2026, 19,000 fewer Virginians had signed up compared to the previous year (389,000 compared to 370,000).

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He added since then an additional 25,000 have lost coverage — which is three times more than the number who lost coverage during the same time period last year.

When asked if the loss in federal tax credits was the reason behind the drop, Patchett said, “It’s the only factor that has changed.”

Patchett made those remarks Wednesday at a press conference focused on options for helping Virginians impacted by the credits ending.

Among those feeling the impact is Lester Johnson, who owns Mama J’s restaurant in Richmond.

Johnson still has his marketplace coverage, but his monthly premiums for his family of 3 have risen from $650 to around $1,000 — an increase of nearly 54%.

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“This is really affecting people’s ability to, kind of, manage their budgets and their families livelihoods,” Johnson said.

Johnson attended Wednesday’s State of the Union address as the guest of Congresswoman Jennifer McClellan, a Democrat who represents Richmond. His presence was intended to highlight the need for Congress to reinstate the tax credits.

“It needs to be definitely as much energy and conversation around it as some of these other policy decisions that have been made recently,” Johnson said.

The U.S. House has voted to extend the credits for 3 years, with 17 Republicans joining Democrats in support of the measure, including Virginia Republican Congressman Rob Wittman (VA-01). The U.S. Senate has not passed the extension.

“I have heard from Virginians about the cost of healthcare and the importance of expanding access for hardworking families,” Wittman said in a statement. “In January, I voted for a short-term extension of the enhanced premium tax credits not as an endorsement of the current system, but as a bridge to give Congress the time to pursue meaningful reforms. I will continue to work with my colleagues in both chambers and across the aisle to address the cost of healthcare and push for reforms that put patients back in charge.”

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With federal action still uncertain, Virginia Democrats are proposing to use state budget funds to replace the tax credits for at least one year.

The House has put forward an $79 million proposal, while the state Senate is proposing $200 million.

“It’s our responsibility as Democrats to step up and this is what our budget amendments do,” Del. Rodney Willett, a Democrat representing Henrico County, said of the House proposal.

“Both budgets emphasized the need to fill gaps in healthcare. So how we go about that and what the numbers actually end up being still a few weeks away,” Sen. Barbara Favola, a Democrat representing Fairfax, said.

Patchett said that the number of Virginians who could loss coverage on the state marketplace without help could reach 100,000, which he based off of the increase that was seen when the federal tax credits were expanded in 2021.

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“And that was nearly 100,000 Virginians who benefited from that expansion. And so our concern has been that we’re going to see a number very close to that 100,000 drop coverage. And the indicator suggests that that may still happen,” Patchett said.

Patchett said that regardless of the amount lawmakers agree on, the exchange has the authority to create a special enrollment period to help Virginians who have lost or dropped their coverage.

CBS 6 is committed to sharing community voices on this important topic. Email your thoughts to the CBS 6 Newsroom.

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This story was initially reported by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy. To learn more about how we use AI in our newsroom, click here.





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Capitol police investigate ‘suspicious situation’ near Virginia Lottery building

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Capitol police investigate ‘suspicious situation’ near Virginia Lottery building


RICHMOND, Va. — The Virginia Capitol Police are investigating a “suspicious situation” at the Virginia Lottery building.

An alert sent by police at 10:30 a.m. Wednesday advises the public to avoid the area of 600 East Main Street.

A CBS 6 crew at the scene can see at least three police cars responding.

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East Franklin Street is currently closed between 5th and 6th streets.

Further details about the situation were not immediately available.

This is a developing story that will be updated as we learn more. Email the CBS 6 Newsroom if you have additional information to share.

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