ComSonics, Inc. to expand electronics manufacturing operation

RICHMOND—Governor Ralph Northam today announced that ComSonics, Inc., a world-class design, manufacturing, sales, and repair solutions provider for electronics and fiber optics, will invest $615,000 to expand its manufacturing operation in Augusta County. The company will purchase new equipment and make facility improvements to allow for additional space. In conjunction with this project, 34 new jobs will be created over a three-year period.

Discovery, Inc. to invest $16 million to expand global technology and operations hub

RICHMOND—Governor Ralph Northam today announced that Discovery, Inc., an American media company and a worldwide leader in real life entertainment, intends to invest $16 million to expand its global technology and operations hub in Loudoun County. Virginia successfully competed against Maryland and New York for the project, which will create 240 new jobs.

The Virginia Economic Development Partnership completed, in December 2017, a five-year (FY19-FY23) Strategic Plan for Economic Development of the Commonwealth, as required by the Code of Virginia as part of VEDP reforms enacted by state leaders in 2017. In addition to the Strategic Plan for Economic Development of the Commonwealth, each Gubernatorial Administration is required by Code to release an Economic Development Policy in the first year of the Administration.

VEDP is pleased to provide information and resources to our economic development partners across the Commonwealth.

VEDP offers quarterly Economic Development (ED) 101 and VEDP Orientation sessions to leaders and practitioners involved in economic development across Virginia. The ED 101 session is led in conjunction with the VEDP Orientation on a quarterly basis. Sessions typically occur in March, June, September, and December.

These documents are provided as resource documents for Virginia’s economic development community.

Strategic Plan (FY25-FY29)

Impacts of Virginia’s Data Center Industry and Site Location Criteria (2023)

VBAF provides grants or loans to local governments to promote restoration and redevelopment of brownfield sites and to address environmental problems or obstacles to reuse so these sites can be effectively marketed to new economic development prospects.

VBAF Site Remediation Grant Guidelines and Application (FY26)

VBRSP is a discretionary program to promote development and characterization of sites to enhance the Commonwealth’s infrastructure and promote its competitive business environment. The program’s goal is to assess and advance the readiness of potential industrial sites of at least 50 acres in the Commonwealth of Virginia (the “Commonwealth”) in alignment with the goals outlined in the Governor's economic development plan.