EXCLUSIVE: Virginia Gov. Glenn Youngkin will announce Thursday that his state has surpassed a business-creation milestone he made a campaign pledge to meet. After he was declared the victor in November 2021 against Democratic former Gov. Terence McAuliffe, Youngkin, a Republican, pledged to foster 10,000 new start-up businesses during his term.
in Arlington later Thursday to commemorate the milestone. is a 'startup accelerator' and 'innovation hub,' the governor’s office said in a statement. In response, Virginia Secretary of Commerce Caren Merrick said it is exciting to see so many innovators and entrepreneurs choose Virginia to launch their projects. 'I look forward to thousands more in the future,' Merrick said.
On the other side of the state, Firefly Aerospace chose Virginia Spaceport Authority’s Wallops Island facility near Accomac earlier this summer as the launchpad for its Alpha launch vehicle. Wallops Island is also home to an active NASA site. As early as 2022, Youngkin’s name was being floated as a potential Republican presidential candidate, though the governor has repeatedly stressed his focus remains on Virginia rather than any national political aspirations.
Until Sen. JD Vance, R-Ohio, was ultimately selected by former President Trump, the political newcomer had also been floated as a potential vice presidential nominee. Prior to venturing into politics, Youngkin himself had a successful career in the business sector, helming an executive position with the private equity firm Carlyle Group since 1995. During his tenure there, he reportedly helped Carlyle lead a high-profile $12 billion revamp of John F. Kennedy International Airport’s Terminal 1.
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