Technology Development Grant Fund; created. (SB1156)

Introduced By

Progress

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

Description

Technology Development Grant Fund created. Creates the Technology Development Grant Fund to make grant payments to a qualified technology company that makes a capital investment of at least $64 million at a facility in Fairfax County and creates at least 1,500 new full-time jobs at the facility. A qualified technology company would be eligible for an aggregate of $22.5 million in grants paid over four years if it meets performance parameters and complies with the terms of a memorandum of understanding agreed upon by the company, the Commonwealth, and the Virginia Economic Development Partnership Authority. Read the Bill »

Status

01/22/2021: Passed the Senate

History

Date	Action
01/07/2021	Prefiled and ordered printed; offered 01/13/21 21102102D
01/07/2021	Referred to Committee on Finance and Appropriations
01/18/2021	Impact statement from DPB (SB1156)
01/19/2021	Reported from Finance and Appropriations (15-Y 0-N) (see vote tally)
01/20/2021	Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/21/2021	Read second time and engrossed
01/22/2021	Read third time and passed Senate (37-Y 0-N) (see vote tally)