VirginiaHB21792025 Regular SessionHouse

Virginia Investment Performance Grants; awarding of Grants.

Sponsored By: Nadarius E. Clark (Democratic)

To Governor

Summary

Virginia Investment Performance Grants. Authorizes Virginia Investment Performance Grants to be awarded under more lenient requirements if the recipient is located in a locality with an unemployment rate and poverty rate that exceeds the state average. Specifically, the bill would authorize payment of such grants if the average wage paid by the eligible manufacturer or research and development service, excluding fringe benefits, is no less than 85 percent of the prevailing average wage. Grants may be paid for projects in such localities that pay less than 85 percent of the prevailing average wage, upon a written finding by the Governor that the economic circumstances in the area are sufficiently distressed such that assistance to the locality to attract the project is justified. However, the minimum private investment and number of new jobs required to be created are still a condition of eligibility. This bill is identical to SB 1231.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Nadarius E. Clark

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 296 • No: 15

House vote • 2/11/2025

Senate substitute agreed to by House

Yes: 84 • No: 9

Senate vote • 2/7/2025

Passed Senate with substitute Block Vote

Yes: 39 • No: 0

Senate vote • 2/6/2025

Constitutional reading dispensed Block Vote (on 2nd reading)

Yes: 40 • No: 0

Senate vote • 2/5/2025

Reported from Finance and Appropriations with substitute

Yes: 13 • No: 0

House vote • 1/30/2025

Read third time and passed House

Yes: 90 • No: 6

House vote • 1/24/2025

Reported from Appropriations with amendment(s)

Yes: 22 • No: 0

House vote • 1/22/2025

Subcommittee recommends reporting with amendment(s)

Yes: 8 • No: 0 • Other: 1

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0162)

    3/19/2025Governor
  2. Approved by Governor-Chapter 162 (Effective 07/01/25)

    3/19/2025Governor
  3. Governor's Action Deadline 11:59 p.m., March 24, 2025

    2/20/2025Governor
  4. Enrolled Bill communicated to Governor on February 20, 2025

    2/20/2025House
  5. Signed by President

    2/16/2025Senate
  6. Fiscal Impact Statement from Department of Planning and Budget (HB2179)

    2/13/2025House
  7. Bill text as passed House and Senate (HB2179ER)

    2/13/2025House
  8. Enrolled

    2/13/2025House
  9. Signed by Speaker

    2/13/2025House
  10. Senate substitute agreed to by House (84-Y 9-N)

    2/11/2025House
  11. Passed Senate with substitute Block Vote (39-Y 0-N)

    2/7/2025Senate
  12. Engrossed by Senate - committee substitute

    2/7/2025Senate
  13. Finance and Appropriations Substitute agreed to

    2/7/2025Senate
  14. Read third time

    2/7/2025Senate
  15. Fiscal Impact Statement from Department of Planning and Budget (HB2179)

    2/6/2025House
  16. Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N)

    2/6/2025Senate
  17. Passed by for the day

    2/6/2025Senate
  18. Rules suspended

    2/6/2025Senate
  19. Committee substitute printed 25106807D-S1

    2/5/2025Senate
  20. Reported from Finance and Appropriations with substitute (13-Y 0-N)

    2/5/2025Senate
  21. Referred to Committee on Finance and Appropriations

    1/31/2025Senate
  22. Constitutional reading dispensed (on 1st reading)

    1/31/2025Senate
  23. Read third time and passed House (90-Y 6-N)

    1/30/2025House
  24. Fiscal Impact Statement from Department of Planning and Budget (HB2179)

    1/29/2025House
  25. Printed as engrossed 25100959D-E

    1/29/2025House

Bill Text

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