VirginiaSB6112026 Regular SessionSenate

Economic development incentives; wage requirements.

Sponsored By: R. Creigh Deeds (Democratic)

In Committee

Summary

Economic development incentives; wage requirements. Requires companies to pay an average wage for the jobs eligible for assistance under the component programs of the Virginia Jobs Investment Program that is no less than the prevailing average wage, defined in the bill, or, in the case of an economically distressed locality, defined in the bill, no less than 85 percent of the prevailing average wage. Under current law, to be eligible for the component programs, companies must pay a minimum entry-level wage rate per hour of at least 1.2 times the federal minimum wage or the Virginia minimum wage, whichever is higher, and in areas that have an unemployment rate of 1.5 times the statewide average unemployment rate, the wage rate minimum may be waived.The bill also authorizes the payment of Virginia Investment Performance 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 in localities with either (i) an annual unemployment rate for the most recent calendar year for which such data is available that is greater than the final statewide average unemployment rate for that calendar year or (ii) a poverty rate for the most recent calendar year for which such data is available that exceeds the statewide average poverty rate for that year. Under current law, such authorization is limited to those localities meeting both the unemployment rate and poverty rate thresholds.

Finance and Appropriations

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • R. Creigh Deeds

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 15 • No: 0

Senate vote 2/3/2026

Continued to 2027 in Finance and Appropriations

Yes: 15 • No: 0

Actions Timeline

  1. Continued to 2027 in Finance and Appropriations (15-Y 0-N)

    2/3/2026Senate
  2. Fiscal Impact Statement from Department of Planning and Budget (SB611)

    1/21/2026Senate
  3. Fiscal Impact Statement from Department of Planning and Budget (SB611)

    1/21/2026Senate
  4. Fiscal Impact Statement from Department of Planning and Budget (SB611)

    1/21/2026Senate
  5. Referred to Committee on Finance and Appropriations

    1/14/2026Senate
  6. Prefiled and ordered printed; Offered 01-14-2026 26102880D

    1/14/2026Senate

Bill Text

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