Virginia Investment Performance Grants; awarding of Grants.
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.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Feb 2025
House of Delegates Passage
Feb 2025
Senate Passage
Feb 2025
Signed into Law
Mar 2025
Introduced Jan 7, 2025
Signed Mar 19, 2025
Maddy AI version diff · 4 comparisons
What changed between versions
Enrolled
→
Chaptered
·
2 edits
MINOR
The bill was formally enacted into law as Chapter 162 of the 2025 Virginia Acts of Assembly on March 19, 2025. The primary change is the addition of the official approval date and chapter number, which are required for the bill to become effective law. The substantive text regarding Virginia Investment Performance Grants remains unchanged.
Scope change
The bill's scope and applicability remain unchanged; the text of the law regarding investment grants was not modified.
TECHNICAL
Added the official approval date (March 19, 2025) and chapter number (Chapter 162) to finalize the bill as enacted law.
Removed the draft session header and 'Enrolled' status markers, as these are no longer needed once the bill is approved.
Floor votes · Senate Feb 6, 2025 · House of Delegates Jan 30, 2025
How they voted
40–0
Passed
Total votes 40
Feb 6, 2025
D
Democratic21
100% Yea
R
Republican19
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
36
Key actions
11
Committee
6
Amendments
2
Mar 19, 2025
Signed into law
Approved by Governor-Chapter 162 (Effective 07/01/25)
executive
Feb 16, 2025
Upper · Passed
Signed by President
upper
Feb 13, 2025
Lower · Passed
Signed by Speaker
lower
Feb 13, 2025
Lower · Passed
Bill text as passed House and Senate (HB2179ER)
lower
Feb 7, 2025
Upper · Passed
Passed Senate with substitute (39-Y 0-N)
upper
Feb 6, 2025
Upper · Passed
Passed by for the day
upper
Feb 5, 2025
Upper · Passed
Reported from Finance and Appropriations with substitute (13-Y 0-N)
upper
Jan 31, 2025
Committee
Referred to Committee on Finance and Appropriations
upper
Jan 30, 2025
Lower · Passed
Read third time and passed House (90-Y 6-N)
lower
Jan 29, 2025
Introduced
Engrossed by House as amended
lower
Jan 29, 2025
Lower · Passed
Appropriations Amendment agreed to
lower
Jan 24, 2025
Lower · Passed
Reported from Appropriations with amendment(s) (22-Y 0-N)
lower
Jan 22, 2025
Lower · Passed
Subcommittee recommends reporting with amendment(s) (8-Y 0-N)
lower
Jan 17, 2025
Committee
Assigned Approps sub: Commerce Agriculture & Natural Resources
lower
Jan 7, 2025
Committee
Referred to Committee on Appropriations
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Nadarius Clark
DDemocratic
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