RICHMOND—Governor Ralph Northam has proclaimed Might as Enterprise Appreciation Month in Virginia.
“Companies of all sizes have navigated unprecedented challenges over the previous 12 months, and our Administration has labored exhausting to offer them with the aid they should emerge even stronger,” mentioned Governor Northam. “As we flip the nook and stay up for a post-pandemic future, we are going to proceed doing every little thing we will to welcome new companies to our Commonwealth, assist current companies develop, and guarantee Virginia stays one of the best place within the nation to do enterprise.”
In 2020, Virginia allotted $120 million in federal Coronavirus Assist, Aid, and Financial Safety (CARES) Act funding to the Rebuild VA financial restoration fund, which served small companies and nonprofit organizations whose regular operations have been disrupted by the COVID-19 pandemic. Administered by the Division of Small Enterprise and Provider Range, Rebuild VA supported greater than 3,000 small companies and nonprofits, and 66 p.c of grantees have been woman-, minority-, or veteran-owned companies.
“Small companies are the spine of so many Virginia communities,” mentioned Secretary of Commerce and Commerce Brian Ball. “With our gifted workforce, aggressive enterprise local weather, and sturdy financial improvement pipeline, we’re very optimistic in regards to the super alternatives that lie forward for companies in each nook of our Commonwealth.”
Because the begin of the pandemic, greater than 200 financial improvement tasks have been introduced throughout the Commonwealth which are anticipated to create over 17,000 new jobs and greater than $10 billion in capital funding, representing sturdy momentum for financial improvement in Virginia. This month, Governor Northam, Secretary Ball, and financial improvement officers traveled to Germany, Greece, and Switzerland the place they participated in additional than a dozen overseas direct funding conferences and two enterprise roundtables to debate Virginia’s benefits with leaders of worldwide firms.
“The unprecedented occasions of this previous 12 months introduced main challenges to us all, and Virginia’s largest non-public sector industries, agriculture and forestry, have been no exception,” mentioned Secretary of Agriculture and Forestry Bettina Ring. “As a part of Enterprise Appreciation Month, we want to commend our farming and forestry operations, agribusinesses, and others that proceed to offer meals, fiber, and gas to customers across the Commonwealth, nation, and world wide.”
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