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 HB 2179.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Feb 2025
Senate Passage
Mar 2025
House of Delegates Passage
Mar 2025
Signed into Law
Mar 2025
Introduced Jan 8, 2025
Signed Mar 19, 2025
Maddy AI version diff · 4 comparisons
What changed between versions
Appropriations Substitute
→
Chaptered
·
5 edits
MODERATE
This bill transitioned from a House substitute version to the final chaptered version, primarily changing formatting and layout while preserving the substantive policy content. The core provisions regarding Virginia Investment Performance Grants remain unchanged, including the $7 million annual cap, $5 million per grant limit, and wage requirements for eligible manufacturers and research and development services.
Scope change
No substantive scope change; the bill maintains the same eligibility criteria, funding limits, and requirements for investment performance grants.
TECHNICAL
Removed House substitute metadata headers and added official chapter formatting including 'CHAPTER 178' and approval date 'March 19, 2025'
Reformatted text layout from left-aligned to right-aligned with proper spacing and line breaks for official publication
Added page numbering reference '2 of 2' in the middle of section E
Removed House-specific identifiers including bill number '25107018D' and committee amendment notation
Added official legislative formatting with proper spacing and alignment consistent with enacted Virginia statutes
Floor votes · Senate Jan 30, 2025 · House of Delegates Feb 13, 2025
How they voted
40–0
Passed
Total votes 40
Jan 30, 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
50
Key actions
13
Committee
10
Amendments
1
Mar 19, 2025
Signed into law
Approved by Governor-Chapter 178 (Effective 07/01/25)
executive
Mar 10, 2025
Upper · Passed
Signed by President
upper
Mar 7, 2025
Lower · Passed
Signed by Speaker
lower
Mar 7, 2025
Upper · Passed
Bill text as passed Senate and House (SB1231ER)
upper
Feb 22, 2025
Lower · Passed
Conference report agreed to by House (92-Y 3-N)
lower
Feb 21, 2025
Upper · Passed
Conference report agreed to by Senate (40-Y 0-N)
upper
Feb 20, 2025
Legislature · Passed
Amended by conference committee
legislature
Feb 18, 2025
Committee
House requested conference committee
lower
Feb 13, 2025
Lower · Passed
Passed House with substitute (84-Y 12-N)
lower
Feb 10, 2025
Lower · Passed
Reported from Appropriations with substitute (22-Y 0-N)
lower
Feb 6, 2025
Committee
Assigned Approps sub: Commerce Agriculture & Natural Resources
lower
Feb 5, 2025
Committee
Referred to Committee on Appropriations
lower
Jan 30, 2025
Upper · Passed
Passed Senate (40-Y 0-N)
upper
Jan 30, 2025
Amended
General Laws and Technology Amendment rejected
upper
Jan 29, 2025
Upper · Passed
Passed by for the day
upper
Jan 28, 2025
Upper · Passed
Reported from Finance and Appropriations with substitute (15-Y 0-N)
upper
Jan 22, 2025
Upper · Passed
Reported from General Laws and Technology with amendment and rereferred to Finance and Appropriations (15-Y 0-N)
upper
Jan 8, 2025
Committee
Referred to Committee on General Laws and Technology
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Lashrecse Aird
DDemocratic
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