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Virginia Investment Performance Grants; awarding of Grants.

It became law on Mar 19, 2025.

VA HB 2179 · House Bill · 2025

Stage
Became law
Started in
House
Sponsor
Nadarius Clark
Latest action
Mar 19, 2025

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. 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…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Mar 19, 2025

Where it goes next

Law in Virginia. Agencies now write the rules that carry it out, and courts can stay or strike it.

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Work with this bill

Virginia Investment Performance Grants; awarding of Grants. | 52