Enterprise zones; criteria for designation. (HB169)
Introduced By
Sen. John Cosgrove (R-Chesapeake)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
State enterprise zone designations. Provides that an area for which state enterprise zone designation is sought would be required to meet one of the following: (i) have 25 percent or more of the population with incomes below 80 percent of the median income of the jurisdiction; (ii) have an unemployment rate 1.5 times the state average; or (iii) have a demonstrated floor area vacancy rate of industrial and/or commercial properties of 20 percent or more.
The criteria would replace the current criteria that considers locality-wide need as demonstrated by: (i) the average unemployment rate for the locality over the most recent three-year period; (ii) the average median adjusted gross income for the locality over the most recent three-year period; and (iii) the average percentage of public school students within the locality receiving free or reduced price lunches over the most recent three-year period. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/09/2012 | Committee |
01/09/2012 | Prefiled and ordered printed; offered 01/11/12 12100693D |
01/09/2012 | Referred to Committee on Appropriations |
01/16/2012 | Assigned App. sub: Economic Development, Agriculture and Natural Resources |
01/24/2012 | Impact statement from DPB (HB169) |
02/02/2012 | Subcommittee recommends laying on the table |
02/20/2012 | Left in Appropriations |