Governor Glenn Youngkin announced that Desi Fresh Foods, a leading U.S. producer of South Asian yogurt, will invest a significant amount of money to open a new manufacturing facility in Frederick County, Va.

Governor Glenn Youngkin announced that RBW Sports & Classics, the United Kingdom’s only manufacturer of hand-built electric classic sports cars, will invest $8 million to establish a manufacturing facility in Virginia.

Governor Glenn Youngkin awarded a total of $126 million in Virginia Business Ready Sites Program (VBRSP) development grants for 23 sites across the Commonwealth.

11 companies across the Commonwealth have graduated from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) program and 14 companies have joined the two-year program.

The annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness to determine which states are delivering most effectively on the things that mean the most to business.

Virginia Panel Corporation is investing $11 million to relocate and expand its current machine shop and implement an enterprise manufacturing system and implement an enterprise manufacturing system in the City of Waynesboro.

LS GreenLink to invest over $680 million to locate HVDC submarine cable manufacturing facility in the City of Chesapeake, creating over 330 new jobs.

Simmons Equipment Company, a specialty mining equipment manufacturer, will invest $8.5 million to expand manufacturing operations into Russell County, creating 75 new jobs.

Liebherr Mining Equipment, an international leader in the production of industrial mining equipment, will invest $72.3 million in a plant expansion in the City of Newport News and the City of Hampton.

Virginia is ranked No. 1 in the United States for Customized Workforce Training in the 20th annual Business Facilities Rankings Report for the second year in a row.