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Learn more about the Virginia Colony founded by the London Company in colonial America. It started as Jamestown in 1607 before becoming a royal colony Learn more about the Virginia Colony founded by the London Company in colonial America.
Also to get out of the taxes England was â¦giving their people. Jamestown, founded on May 14, 1607, was the first permanent English colony established in America. It was located on a peninsula of the James River in the present-day state of Virginia. It was named for King James I of England and here the first American representative government was established. One year before Jamestown was founded the King of England granted a charter to the Virginia Company of London. This charter gave the company the right to settle, explore and govern limited parts of the New World.