California’s Silicon Valley is known for its tech companies. In North Carolina, Raleigh-Durham boasts The Research Triangle – a hub for product development and education. Now, Virginia Beach wants to draw more than tourists and the military. The city is hoping to attract top health care and pharmaceutical companies.
Plans to create a biomedical park will take a major step forward tonight if council members vote to give 155 acres in Princess Anne Commons to the city’s Development Authority. It would be the first tangible move for an initiative that Mayor Will Sessoms announced two years ago to lure health care and biotech companies to diversify the economy.