VirginiaVirginia Investment Performance Grants; awarding of Grants.
What it does
Virginia Investment Performance Grants. Authorizes Virginia Investment Performance Grants to be awarded under more lenient requirements if the recipient is located in a locality with an unemployment rate and poverty rate that exceeds the state average. Specifically, the bill would authorize payment of such grants if the average wage paid by the eligible manufacturer or research and development service, excluding fringe benefits, is no less than 85 percent of the prevailing average wage.
More detail
Grants may be paid for projects in such localities that pay less than 85 percent of the prevailing average wage, upon a written finding by the Governor that the economic circumstances in the area are sufficiently distressed such that assistance to the locality to attract the project is justified. However, the minimum private investment and number of new jobs required to be created are still a condition of eligibility. This bill is identical to SB 1231.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Mar 19Acts of Assembly Chapter text (CHAP0162)Latest
- Mar 19Approved by Governor Glenn Youngkin-Chapter 162 (Effective 07/01/25)Became Law
- Feb 20Governor's Action Deadline 11:59 p.m., March 24, 2025To Governor
- Feb 20Enrolled Bill communicated to Governor on February 20, 2025Minor
- Feb 16Signed by PresidentMajor
- Feb 13Signed by SpeakerMajor
- Feb 13Fiscal Impact Statement from Department of Planning and Budget (HB2179)
- Feb 13Bill text as passed House and Senate (HB2179ER)Major
- Feb 13EnrolledMinor
- Feb 11Senate substitute agreed to by House (84-Y 9-N)Major
- Vote recorded Senate substitute agreed to by House (84-Y 9-N). Result: pass.Lower
- Feb 7Passed Senate with substitute (39-Y 0-N)Passed Senate
- Vote recorded Passed Senate (39-Y 0-N). Result: pass.Upper
- Feb 7Engrossed by Senate - committee substituteMajor
- Feb 7Finance and Appropriations Substitute agreed to
- Feb 7Read third timeMinor
- Feb 6Fiscal Impact Statement from Department of Planning and Budget (HB2179)
- Vote recorded Constitutional reading dispensed (on 2nd reading) (40-Y 0-N). Result: pass.Upper
- Feb 6Passed by for the day
- Feb 6Constitutional reading dispensed (on 2nd reading) (40-Y 0-N)
- Feb 6Rules suspended
- Feb 5Committee substitute printed 25106807D-S1Major
- Vote recorded Reported from Finance and Appropriations with substitute (13-Y 0-N). Result: pass.Upper
- Feb 5Reported from Finance and Appropriations with substitute (13-Y 0-N)Minor
- Jan 31Referred to Committee on Finance and AppropriationsMinor
- Jan 31Constitutional reading dispensed (on 1st reading)
- Jan 30Read third time and passed House (90-Y 6-N)Passed House
- Vote recorded Read third time and passed House (90-Y 6-N). Result: pass.Lower
- Jan 29Fiscal Impact Statement from Department of Planning and Budget (HB2179)
- Jan 29Printed as engrossed 25100959D-E
- Jan 29Engrossed by House as amended
- Jan 29Appropriations Amendment agreed toMajor
- Jan 29Read second timeMinor
- Jan 29Moved from Uncontested Calendar to Regular Calendar
- Jan 28Read first timeMinor
- Jan 24Reported from Appropriations with amendment(s) (22-Y 0-N)Minor
- Vote recorded Reported from Appropriations with amendment(s) (22-Y 0-N). Result: pass.Lower
- Jan 22Subcommittee recommends reporting with amendment(s) (8-Y 0-N)
- Vote recorded Subcommittee recommends reporting with amendment(s) (8-Y 0-N). Result: pass.Lower
- Jan 21Fiscal Impact Statement from Department of Planning and Budget (HB2179)
- Jan 17Assigned Approps sub: Commerce Agriculture & Natural ResourcesMinor
- Jan 7Referred to Committee on AppropriationsMinor
- Jan 7Prefiled and ordered printed; Offered 01-08-2025 25100959DIntroduced