HB2179
Virginia Investment Performance Grants; awarding of Grants.
Status:
Enacted
Latest Action:
March 19, 2025
Acts of Assembly Chapter text (CHAP0162)
Chief Patron:
Nadarius Clark (D)
Session:
2025 Regular Session
Summary
As Passed House of Origin. Virginia Investment Performance Grants.
Authorizes Virginia Investment Performance Grants to be awarded under more lenient requirements if the recipient is located in a locality with an unemployment rate or poverty rate that exceeds the state average. Specifically, the bill would authorize payment of such grants if the average wage paid by the eligible manufacturer ... (More) or research and development service, excluding fringe benefits, is no less than 85 percent of the prevailing average wage. Grants may be paid for projects in such localities that pay less than 85 percent of the prevailing average wage, upon a written finding by the Governor that the economic circumstances in the area are sufficiently distressed such that assistance to the locality to attract the project is justified. However, the minimum private investment and number of new jobs required to be created are still a condition of eligibility. (Less)-
Bill History
- 01/07/2025 - House: Prefiled and ordered printed; Offered 01-08-2025 25100959D
- 01/07/2025 - House: Referred to Committee on Appropriations
- 01/17/2025 - House: Assigned Approps sub: Commerce Agriculture & Natural Resources
- 01/21/2025 - House: Fiscal Impact Statement from Department of Planning and Budget (HB2179)
- 01/21/2025 - House: Placed on Appropriations Agenda
- 01/22/2025 - House: Subcommittee recommends reporting with amendment(s) (8-Y 0-N)
- 01/23/2025 - House: Placed on Appropriations Agenda
- 01/24/2025 - House: Reported from Appropriations with amendment(s) (22-Y 0-N)
- 01/28/2025 - House: Read first time
- 01/29/2025 - House: Moved from Uncontested Calendar to Regular Calendar
- 01/29/2025 - House: Read second time
- 01/29/2025 - House: Appropriations Amendment agreed to
- 01/29/2025 - House: Engrossed by House as amended
- 01/29/2025 - House: Printed as engrossed 25100959D-E
- 01/29/2025 - House: Fiscal Impact Statement from Department of Planning and Budget (HB2179)
- 01/30/2025 - House: Read third time and passed House (90-Y 6-N)
- 01/31/2025 - Senate: Constitutional reading dispensed (on 1st reading)
- 01/31/2025 - Senate: Referred to Committee on Finance and Appropriations
- 02/05/2025 - Senate: Reported from Finance and Appropriations with substitute (13-Y 0-N)
- 02/05/2025 - Senate: Committee substitute printed 25106807D-S1
- 02/06/2025 - Senate: Rules suspended
- 02/06/2025 - Senate: Constitutional reading dispensed (on 2nd reading) (40-Y 0-N)
- 02/06/2025 - Senate: Passed by for the day
- 02/06/2025 - House: Fiscal Impact Statement from Department of Planning and Budget (HB2179)
- 02/07/2025 - Senate: Read third time
- 02/07/2025 - Senate: Finance and Appropriations Substitute agreed to
- 02/07/2025 - Senate: Engrossed by Senate - committee substitute
- 02/07/2025 - Senate: Passed Senate with substitute (39-Y 0-N)
- 02/11/2025 - House: Senate substitute agreed to by House (84-Y 9-N)
- 02/13/2025 - House: Enrolled
- 02/13/2025 - House: Bill text as passed House and Senate (HB2179ER)
- 02/13/2025 - House: Fiscal Impact Statement from Department of Planning and Budget (HB2179)
- 02/13/2025 - House: Signed by Speaker
- 02/16/2025 - Senate: Signed by President
- 02/20/2025 - House: Enrolled Bill communicated to Governor on February 20, 2025
- 02/20/2025 - Governor's Action Deadline 11:59 p.m., March 24, 2025
- 03/19/2025 - Approved by Governor-Chapter 162 (Effective 07/01/25)
- 03/19/2025 - Acts of Assembly Chapter text (CHAP0162)
