Aerospace Engine Manufacturing Performance Grant Program; created. (SB651)
Introduced By
Sen. Fred Quayle (R-Suffolk) with support from co-patron Del. Riley Ingram (R-Hopewell)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Economic development grants; aerospace engine manufacturing. Establishes three grant programs relating to aerospace engine manufacturing. Grants would be paid to manufacturers of aerospace engines who (i) make a capital investment of at least $500 million in real and personal property and (ii) create in excess of 540 jobs relating to aerospace engine manufacturing or activities ancillary or supportive of such manufacturing. Under this grant program, a maximum of $35 million in grants would be paid beginning in the 2013-2014 fiscal year and ending in the 2022-2023 fiscal year. A second grant program would provide training grants in the amount of $9,000 for each new job created by a manufacturer of aerospace engines or an affiliate thereof. Training grants would not exceed $5,778,000 in total. In addition, a supplemental training grant in the amount of $3 million would be paid to an aerospace engine manufacturer who has invested at least $153.9 million in real and personal property and has hired at least 176 new employees. A final grant program would provide up to $5 million in grants to an aerospace engine manufacturer who induces certain suppliers to locate or expand operations in the Commonwealth. Such suppliers would be required to create at least 150 jobs and make a capital investment of at least $25 million in real and personal property. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/09/2008 | Prefiled and ordered printed; offered 01/09/08 082878812 |
01/09/2008 | Referred to Committee on Commerce and Labor |
01/21/2008 | Impact statement from DPB (SB651) |
01/21/2008 | Rereferred from Commerce and Labor (15-Y 0-N) (see vote tally) |
01/21/2008 | Rereferred to Finance |
02/06/2008 | Impact statement from DPB (SB651) |
02/07/2008 | Reported from Finance with substitute (16-Y 0-N) (see vote tally) |
02/08/2008 | Committee substitute printed 082946308-S1 |
02/11/2008 | Constitutional reading dispensed (37-Y 0-N) (see vote tally) |
02/12/2008 | Read second time |
02/12/2008 | Reading of substitute waived |
02/12/2008 | Committee substitute agreed to 082946308-S1 |
02/12/2008 | Engrossed by Senate - committee substitute SB651S1 |
02/12/2008 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/12/2008 | Passed Senate (40-Y 0-N) (see vote tally) |
02/12/2008 | Communicated to House |
02/14/2008 | Placed on Calendar |
02/14/2008 | Read first time |
02/14/2008 | Referred to Committee on Appropriations |
02/15/2008 | Impact statement from DPB (SB651S1) |
02/19/2008 | Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox) |
02/27/2008 | Reported from Appropriations (23-Y 0-N) (see vote tally) |
02/29/2008 | Read second time |
03/03/2008 | Read third time |
03/03/2008 | Passed House BLOCK VOTE (100-Y 0-N) |
03/03/2008 | VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) |
03/04/2008 | Enrolled |
03/04/2008 | Bill text as passed Senate and House (SB651ER) |
03/05/2008 | Impact statement from DPB (SB651ER) |
03/05/2008 | Signed by Speaker |
03/06/2008 | Signed by President |
03/12/2008 | G Approved by Governor-Chapter 630 (effective 7/1/08) |
03/18/2008 | G Acts of Assembly Chapter text (CHAP0630) |