Virginia Health Workforce Innovation Fund; established.

Virginia Health Workforce Innovation Fund; established.Establishes the Virginia Health Workforce Innovation Fund tobe administered by the Board of the Virginia Health Workforce Development Authority. The Board shall use the Fund to provide grants to facilitate regional collaboration on health care innovation and workforce developmentand, in particular, the formation of regional, employer-led partnershipsthat prioritize workforce growth and training. The bill provides for the formation across the Commonwealth of regional councils, definedin the bill, consisting of representatives from the government, health care, and education sectors. Under the bill, regional councils maysubmit applications for collaborative projects in their regions thatenhance private-sector growth, competitiveness, and workforce development.A portion of the grant funds will be awarded on a population basisand a portion on a competitive basis.