VIRGINIA BEACH, Va. (AP) - A biotech nonprofit is planning to expand its global headquarters in Virginia Beach thanks in part to help with state funds.
Virginia Gov. Terry McAuliffe's office announced Monday that LifeNet Health will spend $12.24 million for the expansion and create 321 new jobs.
The expansion will add an 18,000 square food R&D facility, 20,000 square feet of office space and a 100,000 square foot warehouse across three campuses.
McAuliffe approved a $700,000 grant for the expansion. His office said Virginia beat out Florida, North Carolina, and Washington for the project.
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