RICHMOND, Va. (AP) - Virginia Gov. Terry McAuliffe is taking a victory lap for his economic development efforts after one year in office.
McAuliffe declared in his annual State of the Commonwealth address to the legislature Wednesday evening that Virginia has closed 267 deals resulting in $5.6 billion in capital investment since he took office last year. He said that's more than twice what any previous administration has accomplished in its first year.
McAuliffe added that Virginia's agriculture and forestry exports exceeded $3 billion last year for the first time.
To sustain the momentum he urged lawmakers to continue investing in economic development incentive programs such as the Governor's Opportunity Fund. He says nearly all the money in that fund is obligated to future projects.