Governor approves $700,000 grant for company

Terry McAuliffe, 72nd Governor of Virginia, Photo Date: 3/24/2015
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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.

McAuliffe approved a $700,000 grant for the expansion.

His office said Virginia beat out Florida, North Carolina, and Washington for the project.