IncSmart Virginia (Small Business and Startups) - Expansion at Virginia Port. Port of Virginia expansion is on schedule and at budget.  Virginia has already secured $695 million in private and state investment, and the state is asking for an additional $300 million from the Federal government.  The expansion incudes dredging and deepening the commercial shipping channel and reconstructing the width of the channel to 1400 feet.  A new terminal will also be constructed using the dredge material from the widened channel. 

Over 114,000 US business rely on the goods passing through the Port of Virginia.  The port will be the deepest on the East cost.  The dredging project will be conducted by the US Corps of Engineers, and must still be approved by Congress.  The Port of Virginia is the driving force behind the state's economy.  Over 40 business have expanded or moved to Virginia because of the ports expansion.  The expansion  will also create over 54,000 jobs.  The expansion should be completed by 2024.  
Written by IncSmart Staff

Starting a Business in Virginia

For 10 years, IncSmart.biz Business Services has helped companies and people from all over the world form Virginia Corporations and Virginia Limited Liability Companies. When you call, email, instant message or live chat with our office, expect personal attention.  We are very excited about helping you form your new company.  Each state is so different when it comes to filing documents, you will know right away you are in the right place.

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