ILLAMAIN ILLAMAIN Social Studies Answered Why did King James I grant a charter to the Virginia Company?(1 point) Responses to set up a trading post with the Powhatan to set up a trading post with the Powhatan to set up a trading post for corn and turkeys to set up a trading post for corn and turkeys to set up a colony that made a profit to set up a colony that made a profit to set up a colony to produce tobacco