Technology Development Grant Fund; created. (SB1156)

Introduced By

Sen. Janet Howell (D-Reston)

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

04/14/2021: Awaiting a Vote in the Appropriations Committee

History

DateAction
01/07/2021Prefiled and ordered printed; offered 01/13/21 21102102D
01/07/2021Referred to Committee on Finance and Appropriations
01/18/2021Impact statement from DPB (SB1156)
01/19/2021Reported from Finance and Appropriations (15-Y 0-N) (see vote tally)
01/20/2021Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/21/2021Read second time and engrossed
01/22/2021Read third time and passed Senate (37-Y 0-N) (see vote tally)
02/02/2021Placed on Calendar
02/02/2021Read first time
02/02/2021Referred to Committee on Appropriations
02/07/2021Continued to Special Session 1 in Appropriations
02/10/2021Reported from Appropriations (22-Y 0-N) (see vote tally)
02/11/2021Read second time
02/12/2021Passed House (90-Y 10-N)
02/12/2021VOTE: Passage (90-Y 10-N) (see vote tally)
02/17/2021Enrolled
02/17/2021Bill text as passed Senate and House (SB1156ER)
02/17/2021Signed by President
02/18/2021Impact statement from DPB (SB1156ER)
02/18/2021Signed by Speaker
02/22/2021Enrolled Bill Communicated to Governor on February 22, 2021
02/22/2021G Governor's Action Deadline 11:59 p.m., March 31, 2021
03/18/2021G Approved by Governor-Chapter 271 (effective 7/1/21)
03/18/2021G Acts of Assembly Chapter text (CHAP0271)

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