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2012 SESSION

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HB 768 Virginia Jobs Investment Program; created, Dept. of Business Assistance to administer programs.

Introduced by: R. Steven Landes | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Department of Business Assistance; Virginia Jobs Investment Program.  Codifies the Virginia Jobs Investment Program administered by the Department of Business Assistance.  The Program comprises the following component programs: (i) the Virginia New Jobs Program, (ii) the Workforce Retraining Program, (iii) the Small Business New Jobs Program, and (iv) the Small Business Jobs Grant Fund Program.  The bill also establishes general eligibility requirements for obtaining assistance under the Program as well as requirementa for the component programs under the Program.

SUMMARY AS INTRODUCED:

Department of Business Assistance; Virginia Jobs Investment Plan.  Codifies the Virginia Jobs Investment Program administered by the Department of Business Assistance and changes the name to the Virginia Jobs Investment Plan. The Plan is comprised of the following component programs: (i) the Virginia New Jobs Program, (ii) the Workforce Retraining Program, and (iii) the Small Business New Jobs Program. The bill also establishes general eligibility requirements for obtaining assistance under the Plan and requirements for the component programs under the Plan. Regarding the Small Business New Jobs Program, the bill requires a small business to be organized under Virginia law or maintain a principal place of business in Virginia and employ Virginia residents in order to qualify for a grant.