Governor Glenn Youngkin Celebrates Key Investment for Pharmaceutical Growth in Petersburg

Oct 23, 2023 | Petersburg News

Governor Glenn Youngkin proudly announced that the Advanced Pharmaceutical Manufacturing (APM) Consortia in Petersburg has earned the prestigious national Tech Hub designation from the U.S. Department of Commerce’s Economic Development Administration, making them one of only 31 recipients out of over 400 applicants. This designation grants them access to potential funding between $40 to $70 million and reflects their impressive pharmaceutical capabilities, which are expected to boost the local economy and create high-tech job opportunities. It positions Petersburg to become a global leader in pharmaceuticals, with a focus on lasting economic development and resilience in infrastructure and workforce development. The success of the APM Consortia is attributed to strong partnerships with educational institutions, local government, private industry, and nonprofits in the Commonwealth of Virginia.

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