Virginia’s Economic Development Partnership states an excellent project year 2022

Virginia’s Economic Development Partnership states an excellent project year 2022

01/2023: The LEGO Group’s huge deal in Greater Richmond may be grabbing the headlines, but from Amazon to Micron, ongoing work on multiple billion-dollar-plus campuses continues around the Commonwealth. 2020 and 2021 saw a rebound in project activity following the disruptions experienced in 2020. 

Since January 2022, VEDP has announced 65 projects, including signature wins like the LEGO Group, Rocket Lab, Boeing HQ, Raytheon HQ, Hilton HQ expansion, DroneUp and Plenty.  Industries seeing the most success this year (CY 2022) include Advanced Materials, Supply Chain Management, Data Centers, and Life Sciences. Here’s a breakdown:

• Advanced Materials: 10 announced projects, 2,399 pledged jobs, and $1.2 billion in expected investment.
• Supply Chain Management: 8 announced projects, 1,228 pledged jobs, and $364.5 million in expected investment.
• Data Centers: 3 announced projects, 200 pledged jobs, and $950 million in expected investment.
• Life Sciences: 10 announced projects, 1,034 pledged jobs, and $274.1 million in expected investment.