Nadarius Clark
- Democratic
- Delegate
- District 84
Primary
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 and 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 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. This bill is identical to SB 1231.
An Act to amend and reenact ยง 2.2-5101 of the Code of Virginia, relating to Virginia Investment Performance Grants.
Acts of Assembly Chapter text (CHAP0162)
Approved by Governor-Chapter 162 (Effective 07/01/25)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill communicated to Governor on February 20, 2025
Signed by President
Enrolled
Signed by Speaker
Fiscal Impact Statement from Department of Planning and Budget (HB2179)
Bill text as passed House and Senate (HB2179ER)
Senate substitute agreed to by House (84-Y 9-N)
Finance and Appropriations Substitute agreed to
Passed Senate with substitute (39-Y 0-N)
Engrossed by Senate - committee substitute
Read third time
Rules suspended
Constitutional reading dispensed (on 2nd reading) (40-Y 0-N)
Passed by for the day
Fiscal Impact Statement from Department of Planning and Budget (HB2179)
Committee substitute printed 25106807D-S1
Reported from Finance and Appropriations with substitute (13-Y 0-N)
Referred to Committee on Finance and Appropriations
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (90-Y 6-N)
Appropriations Amendment agreed to
Fiscal Impact Statement from Department of Planning and Budget (HB2179)
Printed as engrossed 25100959D-E
Engrossed by House as amended
Read second time
Moved from Uncontested Calendar to Regular Calendar
Read first time
Reported from Appropriations with amendment(s) (22-Y 0-N)
Subcommittee recommends reporting with amendment(s) (8-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (HB2179)
Assigned Approps sub: Commerce Agriculture & Natural Resources
Referred to Committee on Appropriations
Prefiled and ordered printed; Offered 01-08-2025 25100959D
| Bill Text Versions | Format |
|---|---|
| Chaptered | HTML PDF |
| Enrolled | HTML PDF |
| Finance and Appropriations Substitute | HTML PDF |
| Engrossed | HTML PDF |
| Appropriations Amendment | HTML |
| Introduced | HTML PDF |
| Document | Format |
|---|---|
| Fiscal Impact Statement from Department of Planning and Budget (HB2179) | PDF PDF PDF PDF |
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