“Under Governor Glenn Youngkin, Virginia created a new permitting dashboard, and cut permit processing times by 72%. The state’s attracted $125 billion in capital investment since 2022. Conservative abundance at work,” notes Russ Greene of Stand Together. The National Review adds that under Youngkin, Virginia “occupational license approval times declined from 33 days to 5 days. Stormwater permitting reforms saved $124 million.” And “Department of Environmental Quality permit processing times declined by 70%.”
When people don’t have an occupational license due to bureaucratic delays, they can’t work or support their families. Their lack of employment reduces the income tax revenue that pays for schools, roads, and law enforcement. So speeding up licensing and permitting, as Youngkin has done, is very important.
Governor Youngkin’s regulatory reforms have saved Virginians $1.2 billion per year, and cut the cost of building a home by $24,000 on average, by eliminating obsolete regulations not required by Virginia law. “Since 2022, Virginia has reduced the number of requirements in its regulatory code by 26.8 percent, exceeding Youngkin’s goal of 25 percent. He says his administration is on pace to reach a 33 percent reduction by the end of his term early next year. The reduction in regulatory word count is even greater: 11.5 million words were struck, nearly half of the total found in state guidance documents,” the National Review says.
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