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Housing development in Virginia is substantially lagging job growth, and the state is about 550,000 housing units short of meeting current demand, according to the order.
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Virginia, with a GDP of $712.9 billion, ranked as the 13th largest state in terms of GDP among the 50 states of the United States. Virginia's economy is larger than countries such as Belgium, Sweden, Ireland, and Norway. Virginia is also among the wealthiest states in the US, boasting a GDP per capita of $81,794, which ranks 19th as of 2023.
Tapping into this knowledge hub, Virginia Tech, a university whose main campus is in Blacksburg, Virginia in the southwestern part of the state, is opening a $1 billion "innovation campus" in Potomac Yard, Alexandria, where the university will focus on teaching technology classes and conducting tech research. [22]
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Vectrona, a service-disabled veteran-owned tech company in Virginia Beach, is expanding its production and bringing 40 new jobs averaging salaries of $95,000 a year. Founded in 2011, the company ...
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