Semiconductor Manufacturing Grant Fund; created. (HB2180)

Introduced By

Del. Nick Rush (R-Christiansburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Semiconductor Manufacturing Grant Fund; creation. Creates the Semiconductor Manufacturing Grant Fund for the award of grants to a qualified semiconductor manufacturing company that makes a capital investment of at least $2.98 billion in a qualified locality and creates and maintains at least 1,106 new jobs with an average annual wage of at least $92,000. Such a qualified company would be eligible to receive a grant of $50 million in fiscal year 2020 and a grant of $20 million in fiscal year 2021, subject to total or partial recapture if the qualified company does not meet the performance metrics agreed to in a memorandum of understanding with the Commonwealth. Read the Bill »

Status

01/21/2019: passed committee

History

DateAction
01/08/2019Committee
01/08/2019Prefiled and ordered printed; offered 01/09/19 19102237D
01/08/2019Referred to Committee on Appropriations
01/11/2019Assigned App. sub: Commerce, Agriculture, Natural Resources & Technology
01/14/2019Impact statement from DPB (HB2180)
01/16/2019Subcommittee recommends reporting (8-Y 0-N)
01/21/2019Reported from Appropriations (21-Y 0-N) (see vote tally)

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