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Financial Services Expansion Grant Fund; established.

It became law on Mar 14, 2024.

VA SB 156 · Senate Bill · 2024

Stage
Became law
Started in
Senate
Sponsor
1
Latest action
Mar 14, 2024

What it does

Financial Services Expansion Grant Fund. Creates the Financial Services Expansion Grant Fund to make grant payments to an eligible financial services company that makes a capital investment of at least $87 million at a facility in Roanoke County and creates at least 1,100 new full-time jobs at the facility. The eligible financial services company would be eligible for an aggregate of $15 million in grants paid out over a 10-year period if it meets such performance parameters. This bill is identical to HB 468.

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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 14, 2024

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Who is involved

Sponsors

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

In the news

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Where it goes next

Once a bill is decided, the questions are about what is done with it in Virginia.

Work with this bill

Financial Services Expansion Grant Fund; established. | 52