Virginia Gov. Bob McDonnell unveiled an economic development package Wednesday that includes $37 million to lure businesses and jobs to the commonwealth. Nearly one quarter of which is earmarked for life sciences and biotechnology industry development — sectors that are staples of the economy of neighboring Maryland.
The announcement was made during a press conference, in which Virginia Lt. Gov. Bill Bolling said “There, frankly, are a lot of states around the country over the course of the past several years who have been a lot more aggressive in the area of biotechnology and life sciences than we’ve been.” Bolling also serves as the state’s Chief Job Creation Officer.