Virginia’s governor and the Virginia Innovation Partnership Corporation on Thursday said the state had reached a milestone: 10,000 new startup companies launched in two years.
“At the beginning of my administration, I pledged to reinvigorate job growth and foster an environment for 10,000 new startups in Virginia, and we’ve achieved it in record time,” Gov. Glenn Youngkin said during a visit to ZEBOX, a startup accelerator and innovation hub in Arlington. “Through our Compete to Win strategy, we’ve reached this incredible milestone by driving innovation, fostering entrepreneurship, bolstering our talent pipeline, providing needed tax relief, and truly creating an environment where startups and businesses can thrive.”
According to Chmura, an economic consulting company, Virginia saw 10,337 new high-growth and high-wage startups created as of the end of 2023. The governor’s office said that Youngkin’s administration reached the milestone faster than any previous administration in the last 15 years.
“We look forward to continuing to build upon and expand our collaborative partnerships with both public and private stakeholders to grow innovation and entrepreneurship opportunities throughout the entire commonwealth,” said Joe Benevento, president and CEO of the nonprofit Virginia Innovation Partnership Corporation, based in Herndon.
Feature image by N. Felix/peopleimages.com/stock.adobe.com
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