Specialized Biotechnology Research Performance Grant Program; established. (HB677)

Introduced By

Del. Joe May (R-Leesburg) with support from 7 copatrons, whose average partisan position is:

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

Specialized Biotechnology Research Performance Grant Program; established.  Establishes the Specialized Biotechnology Research Performance Grant Program for nonprofit entities engaged in research, development, and production related to molecular diagnostics and drug development that enter into a performance-based memorandum of understanding with the Commonwealth prior to June 30, 2010. Grants would be paid to an eligible entity based in Fairfax County that commits in the memorandum of understanding and fulfills its obligation to (i) make a new capital investment of at least $200 million, (ii) create at least 415 new full-time jobs, and (iii) meet any other criteria set forth in the memorandum of understanding. Grants from the program to a qualified entity shall not exceed $22 million in the aggregate.   View Full Text »

Outcome

Bill Has Passed
View Bill's History

Duplicate Bills

The following bills are identical duplicates of this one: SB644.

Comments

Virginia ITSP Association, tracking this bill in Photosynthesis, notes:

Commerce & Labor, Technology - Funding

Posted 25 months ago.