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 HB 2179.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Mar 19Acts of Assembly Chapter text (CHAP0178)Latest
- Mar 19Approved by Governor Glenn Youngkin-Chapter 178 (Effective 07/01/25)Became Law
- Mar 12Fiscal Impact Statement from Department of Planning and Budget (SB1231)
- Mar 11Governor's Action Deadline 11:59 p.m., March 24, 2025To Governor
- Mar 11Enrolled Bill Communicated to Governor on March 11, 2025Minor
- Mar 10Signed by PresidentMajor
- Mar 7Signed by SpeakerMajor
- Mar 7Bill text as passed Senate and House (SB1231ER)Major
- Mar 7EnrolledMinor
- Feb 22Conference report agreed to by House (92-Y 3-N)Minor
- Vote recorded Conference report agreed to by House (92-Y 3-N). Result: pass.Lower
- Feb 21Conference report agreed to by Senate (40-Y 0-N)Minor
- Vote recorded Conference report agreed to by Senate (40-Y 0-N). Result: pass.Upper
- Feb 20Amended by conference committee
- Feb 20Delegates: Clark, Sickles, Wiley
- Feb 20Conferees appointed by House
- Feb 19Senators: Aird, VanValkenburg, Pillion
- Vote recorded Senate acceded to request (40-Y 0-N). Result: pass.Upper
- Feb 19Conferees appointed by Senate
- Feb 19Senate acceded to request (40-Y 0-N)
- Feb 18House requested conference committeeMinor
- Feb 18House insisted on substituteMajor
- Feb 17House substitute rejected by Senate (0-Y 38-N)
- Vote recorded House substitute rejected by Senate (0-Y 38-N). Result: fail.Upper
- Feb 13Passed House with substitute (84-Y 12-N)Passed House
- Vote recorded Passed House with substitute (84-Y 12-N). Result: pass.Lower
- Feb 13Engrossed by House - committee substituteMajor
- Feb 13Appropriations Substitute agreed to
- Feb 13Read third timeMinor
- Feb 13Moved from Uncontested Calendar to Regular Calendar
- Feb 12Read second timeMinor
- Feb 11Fiscal Impact Statement from Department of Planning and Budget (SB1231)
- Feb 10Committee substitute printed 25107018D-H1Major
- Vote recorded Reported from Appropriations with substitute (22-Y 0-N). Result: pass.Lower
- Feb 10Reported from Appropriations with substitute (22-Y 0-N)Minor
- Feb 6Assigned Approps sub: Commerce Agriculture & Natural ResourcesMinor
- Feb 5Referred to Committee on AppropriationsMinor
- Feb 5Read first timeMinor
- Feb 5Placed on Calendar
- Jan 30Passed Senate (40-Y 0-N)Passed Senate
- Vote recorded Constitutional reading dispensed (on 3rd reading) (39-Y 1-N). Result: pass.Upper
- Vote recorded Constitutional reading dispensed (on 3rd reading) (39-Y 1-N). Result: pass.Upper
- Jan 30Constitutional reading dispensed (on 3rd reading) (39-Y 1-N)
- Jan 30Rules suspended
- Jan 30Engrossed by Senate - committee substituteMajor
- Jan 30General Laws and Technology Substitute agreed to
- Jan 30Reading of substitute waived
- Jan 30General Laws and Technology Amendment rejectedMinor
- Jan 30Read second timeMinor
- Jan 29Passed by for the day
- Vote recorded Constitutional reading dispensed (on 1st reading) (38-Y 0-N). Result: pass.Upper
- Jan 29Constitutional reading dispensed (on 1st reading) (38-Y 0-N)
- Jan 29Rules suspended
- Jan 28Committee substitute printed 25106324D-S1Major
- Vote recorded Reported from Finance and Appropriations with substitute (15-Y 0-N). Result: pass.Upper
- Jan 28Reported from Finance and Appropriations with substitute (15-Y 0-N)Minor
- Jan 22Reported from General Laws and Technology with amendment and rereferred to Finance and Appropriations (15-Y 0-N)Minor
- Vote recorded Reported from General Laws and Technology with amendment and rereferred to Finance and Appropriations (15-Y 0-N). Result: pass.Upper
- Jan 14Fiscal Impact Statement from Department of Planning and Budget (SB1231)
- Jan 8Referred to Committee on General Laws and TechnologyMinor
- Jan 8Prefiled and ordered printed; Offered 01-08-2025 25100960DIntroduced