Virginia Growth and Opportunity Board; Virginia investment performance grants.
It became law on Apr 8, 2024.
- Stage
- Became law
- Started in
- Senate
- Latest action
- Apr 8, 2024
What it does
Virginia Growth and Opportunity Act; Virginia investment performance grants; Virginia economic development incentive grants. Reduces the local funding match requirement for GO Virginia grants from being equal to the grant amount to being at least equal to half of the grant amount until July 1, 2028. The bill adds the Secretary of Labor to the Virginia Growth and Opportunity Board. The bill also requires, for a Virginia investment performance grant award determination that includes a job creation requirement, an eligible manufacturer or research and development service to pay an average wage, excluding fringe benefits, that is no less than the prevailing average wage for such new jobs. Under…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
Where it goes next
Law in Virginia. Agencies now write the rules that carry it out, and courts can stay or strike it.
Looking this up…
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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