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2014 SESSION
HB 1191 Economic development incentive programs; SCT to develop & issue report on effectiveness of program.
Introduced by: James P. "Jimmie" Massie, III | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Secretary of Commerce and Trade; annual reports evaluating the effectiveness of certain economic development incentive programs. Requires the Secretary of Commerce and Trade to submit an annual report to the Chairs of the Senate Finance and the House Appropriations and Finance Committees on the effectiveness of economic development incentive programs administered by the Commonwealth. The report would cover a three-year period. Certain state agencies administering economic development programs would be required to report to the Secretary the amount of grants made available under the program, number of jobs created, actual average wages paid, amount of capital investment, and similar data.
SUMMARY AS INTRODUCED:
Secretary of Commerce and Trade; annual reports evaluating the effectiveness of certain economic development incentive programs. Requires the Secretary of Commerce and Trade to submit an annual report to the Chairs of the Senate Finance and the House Appropriations and Finance Committees on the effectiveness of economic development incentive programs administered by the Commonwealth.