On February 13, 2026, Virginia Governor Julia Smith signed into law a series of new measures aimed at streamlining regulations for businesses in the state. The new laws, which were passed by the Virginia General Assembly last month, are designed to make it easier for businesses to operate in a more efficient and cost-effective manner.One of the key provisions of the new laws is the creation of a Small Business Ombudsman within the state government. This position will serve as a liaison between small businesses and state agencies, helping to navigate the often complex and confusing regulatory framework that can be a barrier to business growth. The Ombudsman will work to identify and eliminate unnecessary regulations and red tape, and provide guidance to small businesses on how to comply with existing laws.Another important change is the creation of a new State Business License, which will streamline the process for businesses to obtain the necessary permits and licenses to operate in Virginia. The new license will consolidate multiple permits into a single application and fee, making it easier and more cost-effective for businesses to start and grow in the state.In addition, the new laws also include provisions aimed at promoting economic development in underserved communities. A new Small Business Development Fund will provide grants and loans to small businesses in low-income areas, helping to spur investment and job creation in these communities.Governor Smith praised the new laws as a significant step towards making Virginia a more business-friendly state. "These new measures will help businesses of all sizes succeed and thrive in Virginia," she said in a statement. "By cutting through the red tape and providing much-needed support to small businesses, we are creating a more vibrant and competitive economy for all Virginians."Business groups welcomed the new laws, saying they will help to level the playing field for businesses in Virginia. "These measures will make it easier for businesses to comply with regulations and focus on what they do best - creating jobs and driving economic growth," said John Williams, president of the Virginia Chamber of Commerce.Overall, the new business laws are expected to have a positive impact on the state's economy, making Virginia a more attractive destination for businesses looking to start, expand, or relocate. With these new measures in place, Virginia is poised to become a leader in business-friendly policies and initiatives.