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2009 SESSION

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HB 2673 Investment Partnership Act; amends definition of 'eligible company.'

Introduced by: Lacey E. Putney | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Investment Partnership Act; definitions. Amends the definition of "eligible company" by adding that a company may create or cause to be created 300 jobs with average salaries at least 100 percent greater than the Prevailing Average Wage to be eligible for performance grants under the Virginia Investment Partnership Act. Currently a company would have to create or cause to be created 400 jobs with average salaries at least 50 percent greater than the Prevailing Average Wage. The bill also has an emergency clause.


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