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) |
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