CHARLOTTESVILLE, VA (CVILLE RIGHT NOW) – Governor Glenn Youngkin recently discussed Virginia’s economic achievements and competitive edge in a conversation with CNBC. “First of all, welcome to Virginia, Scott, and how exciting and what an honor it is to have CNBC here recognizing Virginia as the top state for business,” Youngkin remarked. He credited the state’s collaborative approach to economic development, highlighting advancements in talent development, infrastructure, and energy.

Youngkin revealed that over the past 2 1/2 years, Virginia has committed $74 billion in capital investments, resulting in 240,000 new jobs. Addressing the recent disappointment over the Capitals and Wizards not relocating to Virginia, he noted, “We put together possibly the best stadium deal ever, and yet we still weren’t able to get it done through the General Assembly. Those things happen.”

Despite these challenges, Youngkin expressed optimism about Virginia’s future. He cited improvements in regulatory efficiency, site readiness, and tax reforms designed to retain the state’s workforce, including military personnel and veterans.

Listen to the full conversation here: