Investment Partnership Act; amends definition of 'eligible company.' (HB2673)
Introduced By
Del. Lacey Putney (I-Bedford) with support from co-patron Del. Bob Purkey (R-Virginia Beach)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Virginia Investment Partnership Act; definitions. Amends the definition of "eligible company" by adding that a company may create or cause to be created 300 jobs with average salaries at least 100 percent greater than the Prevailing Average Wage to be eligible for performance grants under the Virginia Investment Partnership Act. Currently a company would have to create or cause to be created 400 jobs with average salaries at least 50 percent greater than the Prevailing Average Wage. The bill also has an emergency clause. Amends § 2.2-5100 (“Short title; definitions.”), of the Code of Virginia. View Full Text »
Outcome
Bill Has Passed
View Bill's History
