Virginia governor Youngkin announces 10,000 new startups since 2021, fastest in 15 years, following the "Compete to Win" strategy.

Virginia Governor Glenn Youngkin announced his state has achieved 10,000 new startup companies since he took office in 2021, fulfilling his campaign pledge. This milestone, which was reached faster than any previous Virginia governor's administration in the last 15 years, was attributed to the "Compete to Win" strategy, focusing on innovation, entrepreneurship, tax relief, and a favorable business environment. As of December 31, 2023, 10,337 new high-growth and high-wage startups were established in Virginia during 2022-2023, with the state ranking #8 in the country for highest venture capital investment dollar activity in 2023.

August 01, 2024
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