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2021 SESSION
SB 1156 Technology Development Grant Fund; created.
Introduced by: Janet D. Howell | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Technology Development Grant Fund created. Creates the Technology Development Grant Fund to make grant payments to a qualified technology company that makes a capital investment of at least $64 million at a facility in Fairfax County and creates at least 1,500 new full-time jobs at the facility. A qualified technology company would be eligible for an aggregate of $22.5 million in grants paid over four years if it meets performance parameters and complies with the terms of a memorandum of understanding agreed upon by the company, the Commonwealth, and the Virginia Economic Development Partnership Authority.
FULL TEXT
HISTORY
- 01/07/21 Senate: Prefiled and ordered printed; offered 01/13/21 21102102D
- 01/07/21 Senate: Referred to Committee on Finance and Appropriations
- 01/19/21 Senate: Reported from Finance and Appropriations (15-Y 0-N)
- 01/20/21 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/21/21 Senate: Read second time and engrossed
- 01/22/21 Senate: Read third time and passed Senate (37-Y 0-N)
- 02/02/21 House: Placed on Calendar
- 02/02/21 House: Read first time
- 02/02/21 House: Referred to Committee on Appropriations
- 02/07/21 House: Continued to Special Session 1 in Appropriations by voice vote