Governor Glenn Youngkin has announced the approval of over $66 million in state grants for four projects in the Biotechnology, Life Sciences, and Pharmaceutical Manufacturing Cluster that will help the BioHealth Capital Region continue to flourish as a top national biohub.
These initiatives are aimed at creating job opportunities, raising wages, and promoting economic growth throughout the Commonwealth. Governor Youngkin hopes that by accelerating the growth of the life sciences industry, Virginia will become a leading state in the biotech and pharmaceutical sectors, and improve economic opportunities in what are sometimes considered the BioHealth Capital Region’s “pocket hubs”.