the virginia company founded jamestown for this reason
Virginia Company On 14 May 1607, the London Company established the Jamestown Settlement about 40 miles inland along the James River, a major tributary of the Chesapeake Bay in present-day Virginia. In 1620, George Calvert asked King James I for a charter for English Catholics to add the territory of the Plymouth Company. Also in 1609, a much larger Third Supply mission was organized. A new purpose-built ship named the Sea Venture was rushed into service without the customary sea trials. She became flagship of a fleet of nine ships, with most of the leaders, food, and supplies aboard. Notable persons aboard the Sea Venture included fleet Admiral George Somers, Vice-Admiral Christopher Newport, the new governor for the Virginia Colony Sir Thomas Gates, future author William Strachey, and businessman John Rolfe with his pregnant wife.
Colony of Virginia In 1624, the Virginia Company's charter was revoked by King James I, and the Virginia colony was transferred to royal authority as a crown colony. After the English Civil War in the 1640s and 50s, the Virginia colony was nicknamed "The Old Dominion" by King Charles II for its perceived loyalty to the English monarchy during the era of the Protectorate and Commonwealth of England.[4].