RICHMOND, Va. - Virginia Governor Glenn Youngkin has announced a new $290 million investment to support school construction and modernization projects across the state.

This investment increases the total funding for the current biennium to $700 million, bringing the total investment since Youngkin took office to nearly $2 billion. Additionally, state investments have helped leverage approximately $3.4 billion in total funding, which includes local government contributions and matching funds.

“Over the last three years, we have invested historic amounts in our education system, including our public school facilities,” said Youngkin. “Our record economic growth and the resulting surplus allows us to make this critical investment to ensure every Virginia student has access to high-quality school facilities that support academic success.”

The new funding will support public school construction projects through expanded grant opportunities for divisions in high-need areas, addressing infrastructure needs.

“This investment in supporting new and refurbished school buildings makes it possible for every community in the Commonwealth to have the means to provide a best-in-class education that prepares every student for success in our increasingly demanding knowledge- and skills-based economy,” said Secretary of Education Aimee Guidera.

On Monday, Youngkin also announced a multimillion-dollar investment to help schools address student achievement and readiness.