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2004 SESSION

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HB 544 "Va is for Technology" marketing campaign; to be developed to attract businesses.

Introduced by: Joe T. May | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Department of Business Assistance (DBA); Virginia Economic Development Partnership (VEDP); marketing campaign. Directs DBA and VEDP to develop a “Virginia is for Technology” marketing campaign to attract venture capital-backed businesses and emerging technologies businesses to the Commonwealth. This campaign shall include developing (i) a welcome program that facilitates speedy completion of necessary business startup functions, including licensing, facilities location, employee relocation guides and business support services; (ii) a recruitment campaign designed to identify industry segments for pursuit and potential incentives for relocation/location of these companies that showcases attractions such as economic incentives, regional living condition profiles and asset profiles, including universities, technology councils, venture firms and research institutes; and (iii) a budget and necessary legislation to carry out such a campaign. The Center for Innovative Technology shall provide technical assistance. DBA and VEDP shall report their findings to the Governor and the General Assembly by November 30, 2004.


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