{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2237.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2237.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2237.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2237.1.html"}],"law_id":74531,"edition_id":1,"section_id":74531,"structure_id":14474,"section_number":"2.2-2237.1","catch_line":"Board of directors to develop strategic plan for economic development; marketing plan; operational plan; submission","history":"2017, cc. 804, 824; 2020, c. 591; 2025, cc. 1, 21.","full_text":"A\n\nThe Board and the Chief Executive Officer shall develop and update biennially, prior to the start of each of the Commonwealth’s biennial budget periods, a strategic plan for specific economic development activities for the Commonwealth as a whole. The strategic plan shall be responsive to the comprehensive economic development policy developed pursuant to \u00a7 2.2-205. The strategic plan of the Authority shall, at a minimum, include:1\n\nThe identification of specific goals and objectives for the Authority and the development of quantifiable metrics and performance measures for attaining each such goal and objective;2\n\nA systematic assessment of how the Authority can best add value in carrying out each of its statutory powers and duties; and3\n\nSuch other information deemed appropriate by the Board to ensure that the Authority fully executes its powers and duties.B\n\nThe Authority shall report annually by November 1 on its strategic plan, any modifications to the strategic plan, and its progress toward meeting the goals and objectives as stated in the strategic plan. The report shall be submitted to the Governor, the Director of the Department of Planning and Budget, the special subcommittee on economic development of the Joint Legislative Audit and Review Commission, and the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations.C\n\nThe Board shall include in its strategic planning process the participation of key economic development partners, including state, regional, and local economic development agencies and organizations, rural stakeholders, and international trade organizations.D\n\nIn addition, the Board and the Chief Executive Officer shall develop and update annually prior to the start of the fiscal year:1\n\nA marketing plan for the Commonwealth as a whole. The marketing plan of the Authority shall, at a minimum, include:\n\t\t\t\ta. Identification of the Authority’s specific and measurable marketing goals and the timetable to achieve such goals;\n\t\t\t\tb. Identification of specific marketing activities, including efforts intended to secure economic development opportunities in proximity to high unemployment areas;\n\t\t\t\tc. The resources and staff allocated to such marketing activities; and\n\t\t\t\td. The development of quantifiable metrics and performance measures for attaining each such goal.\n\t\t\t\tThe Authority shall report annually by November 1 on its marketing plan, any modifications to the marketing plan, and its progress toward meeting the goals and objectives as stated in the marketing plan. The report shall be submitted to the Governor, the special subcommittee on economic development of the Joint Legislative Audit and Review Commission, and the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations; and2\n\nAn operational plan for carrying out the powers and duties of the Authority. The operational plan of the Authority shall, at a minimum, include:\n\t\t\t\ta. A process to evaluate the Authority’s effectiveness in exercising the powers and duties conferred by this article, including the Authority’s ability to work with other state, regional, and local economic development organizations and international trade organizations; and\n\t\t\t\tb. A strategy for coordinating with state agencies that administer economic development incentive programs and relevant executive branch committees, councils, authorities, and commissions to maximize the effectiveness of state economic development programs and activities.\n\t\t\t\tThe Authority shall report annually by November 1 on its operational plan, any modifications to the operational plan, and its progress toward meeting the goals and objectives as stated in the operational plan. Such report shall contain the most recent available audit report from the Auditor of Public Accounts’ annual examination of the accounts and books of the Authority pursuant to § 2.2-2242 and shall be submitted to the Governor, the special subcommittee on economic development of the Joint Legislative Audit and Review Commission, and the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations.","order_by":null,"text":{"0":{"id":267844,"text":"The Board and the Chief Executive Officer shall develop and update biennially, prior to the start of each of the Commonwealth’s biennial budget periods, a strategic plan for specific economic development activities for the Commonwealth as a whole. The strategic plan shall be responsive to the comprehensive economic development policy developed pursuant to \u00a7 2.2-205. The strategic plan of the Authority shall, at a minimum, include:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":267845,"text":"The identification of specific goals and objectives for the Authority and the development of quantifiable metrics and performance measures for attaining each such goal and objective;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":267846,"text":"A systematic assessment of how the Authority can best add value in carrying out each of its statutory powers and duties; and","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":267847,"text":"Such other information deemed appropriate by the Board to ensure that the Authority fully executes its powers and duties.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"B"},"4":{"id":267848,"text":"The Authority shall report annually by November 1 on its strategic plan, any modifications to the strategic plan, and its progress toward meeting the goals and objectives as stated in the strategic plan. The report shall be submitted to the Governor, the Director of the Department of Planning and Budget, the special subcommittee on economic development of the Joint Legislative Audit and Review Commission, and the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A3","next_prefix":"C"},"5":{"id":267849,"text":"The Board shall include in its strategic planning process the participation of key economic development partners, including state, regional, and local economic development agencies and organizations, rural stakeholders, and international trade organizations.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"6":{"id":267850,"text":"In addition, the Board and the Chief Executive Officer shall develop and update annually prior to the start of the fiscal year:","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"D1"},"7":{"id":267851,"text":"A marketing plan for the Commonwealth as a whole. The marketing plan of the Authority shall, at a minimum, include:\n\t\t\t\ta. Identification of the Authority’s specific and measurable marketing goals and the timetable to achieve such goals;\n\t\t\t\tb. Identification of specific marketing activities, including efforts intended to secure economic development opportunities in proximity to high unemployment areas;\n\t\t\t\tc. The resources and staff allocated to such marketing activities; and\n\t\t\t\td. The development of quantifiable metrics and performance measures for attaining each such goal.\n\t\t\t\tThe Authority shall report annually by November 1 on its marketing plan, any modifications to the marketing plan, and its progress toward meeting the goals and objectives as stated in the marketing plan. The report shall be submitted to the Governor, the special subcommittee on economic development of the Joint Legislative Audit and Review Commission, and the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations; and","type":"section","prefixes":["D","1"],"prefix":"1","entire_prefix":"D1","prefix_anchor":"D1","level":2,"prior_prefix":"D","next_prefix":"D2"},"8":{"id":267852,"text":"An operational plan for carrying out the powers and duties of the Authority. The operational plan of the Authority shall, at a minimum, include:\n\t\t\t\ta. A process to evaluate the Authority’s effectiveness in exercising the powers and duties conferred by this article, including the Authority’s ability to work with other state, regional, and local economic development organizations and international trade organizations; and\n\t\t\t\tb. A strategy for coordinating with state agencies that administer economic development incentive programs and relevant executive branch committees, councils, authorities, and commissions to maximize the effectiveness of state economic development programs and activities.\n\t\t\t\tThe Authority shall report annually by November 1 on its operational plan, any modifications to the operational plan, and its progress toward meeting the goals and objectives as stated in the operational plan. Such report shall contain the most recent available audit report from the Auditor of Public Accounts’ annual examination of the accounts and books of the Authority pursuant to § 2.2-2242 and shall be submitted to the Governor, the special subcommittee on economic development of the Joint Legislative Audit and Review Commission, and the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations.","type":"section","prefixes":["D","2"],"prefix":"2","entire_prefix":"D2","prefix_anchor":"D2","level":2,"prior_prefix":"D1"}},"ancestry":[{"id":14474,"edition_id":1,"name":"Virginia Economic Development Partnership Authority","identifier":"4","label":"article","depth":5,"order_by":1,"parent_id":13344,"metadata":{},"date_created":"2026-06-26 03:48:15","date_modified":"2026-06-26 03:48:15","permalink":{"id":174259,"object_type":"structure","relational_id":14474,"identifier":"4","token":"2.2\/I\/D\/22\/4","url":"\/2.2\/I\/D\/22\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13344,"edition_id":1,"name":"Authorities","identifier":"22","label":"chapter","depth":4,"order_by":1,"parent_id":12785,"metadata":{},"date_created":"2026-06-26 03:44:41","date_modified":"2026-06-26 03:44:41","permalink":{"id":173945,"object_type":"structure","relational_id":13344,"identifier":"22","token":"2.2\/I\/D\/22","url":"\/2.2\/I\/D\/22\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12785,"edition_id":1,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12784,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":173913,"object_type":"structure","relational_id":12785,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12784,"edition_id":1,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":171455,"object_type":"structure","relational_id":12784,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12749,"edition_id":1,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":171453,"object_type":"structure","relational_id":12749,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":71466,"structure_id":14474,"section_number":"2.2-2234","catch_line":"Short title; declaration of public purpose; Authority created","url":"\/2.2-2234\/","token":"2.2\/I\/D\/22\/4\/2.2-2234","metadata":false},{"id":82244,"structure_id":14474,"section_number":"2.2-2235","catch_line":"Repealed","url":"\/2.2-2235\/","token":"2.2\/I\/D\/22\/4\/2.2-2235","metadata":false},{"id":57763,"structure_id":14474,"section_number":"2.2-2235.1","catch_line":"Board of directors; members and officers; Chief Executive Officer","url":"\/2.2-2235.1\/","token":"2.2\/I\/D\/22\/4\/2.2-2235.1","metadata":false},{"id":76103,"structure_id":14474,"section_number":"2.2-2236","catch_line":"Powers and duties of the Chief Executive Officer","url":"\/2.2-2236\/","token":"2.2\/I\/D\/22\/4\/2.2-2236","metadata":false},{"id":59928,"structure_id":14474,"section_number":"2.2-2236.1","catch_line":"Internal auditor; duties","url":"\/2.2-2236.1\/","token":"2.2\/I\/D\/22\/4\/2.2-2236.1","metadata":false},{"id":82287,"structure_id":14474,"section_number":"2.2-2237","catch_line":"Powers of Authority","url":"\/2.2-2237\/","token":"2.2\/I\/D\/22\/4\/2.2-2237","metadata":false},{"id":74531,"structure_id":14474,"section_number":"2.2-2237.1","catch_line":"Board of directors to develop strategic plan for economic development; marketing plan; operational plan; submission","url":"\/2.2-2237.1\/","token":"2.2\/I\/D\/22\/4\/2.2-2237.1","metadata":false},{"id":55858,"structure_id":14474,"section_number":"2.2-2237.2","catch_line":"Office of the Attorney General to provide instruction to Board","url":"\/2.2-2237.2\/","token":"2.2\/I\/D\/22\/4\/2.2-2237.2","metadata":false},{"id":57659,"structure_id":14474,"section_number":"2.2-2237.3","catch_line":"Division of Incentives","url":"\/2.2-2237.3\/","token":"2.2\/I\/D\/22\/4\/2.2-2237.3","metadata":false},{"id":80575,"structure_id":14474,"section_number":"2.2-2238","catch_line":"Economic development services","url":"\/2.2-2238\/","token":"2.2\/I\/D\/22\/4\/2.2-2238","metadata":false},{"id":59231,"structure_id":14474,"section_number":"2.2-2238.1","catch_line":"Repealed","url":"\/2.2-2238.1\/","token":"2.2\/I\/D\/22\/4\/2.2-2238.1","metadata":false},{"id":68142,"structure_id":14474,"section_number":"2.2-2239","catch_line":"Planning and research","url":"\/2.2-2239\/","token":"2.2\/I\/D\/22\/4\/2.2-2239","metadata":false},{"id":81200,"structure_id":14474,"section_number":"2.2-2239.1","catch_line":"Advisory Committee on Business Development and Marketing","url":"\/2.2-2239.1\/","token":"2.2\/I\/D\/22\/4\/2.2-2239.1","metadata":false},{"id":85170,"structure_id":14474,"section_number":"2.2-2239.2","catch_line":"Advisory Committee on International Trade","url":"\/2.2-2239.2\/","token":"2.2\/I\/D\/22\/4\/2.2-2239.2","metadata":false},{"id":73328,"structure_id":14474,"section_number":"2.2-2240","catch_line":"Nonstock corporation to assist economic development","url":"\/2.2-2240\/","token":"2.2\/I\/D\/22\/4\/2.2-2240","metadata":false},{"id":58846,"structure_id":14474,"section_number":"2.2-2240.1","catch_line":"Grants paid to the Authority to promote research, development, and commercialization of products","url":"\/2.2-2240.1\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.1","metadata":false},{"id":84186,"structure_id":14474,"section_number":"2.2-2240.2","catch_line":"Repealed","url":"\/2.2-2240.2\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.2","metadata":false},{"id":61025,"structure_id":14474,"section_number":"2.2-2240.2:1","catch_line":"Virginia Business Ready Sites Program Fund","url":"\/2.2-2240.2_1\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.2_1","metadata":false},{"id":67862,"structure_id":14474,"section_number":"2.2-2240.2:2","catch_line":"(Expires June 30, 2028) Virginia Business Ready Expedited Permitting Program","url":"\/2.2-2240.2_2\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.2_2","metadata":false},{"id":70905,"structure_id":14474,"section_number":"2.2-2240.3","catch_line":"Definitions; Virginia Jobs Investment Program and Fund; composition; general qualifications","url":"\/2.2-2240.3\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.3","metadata":false},{"id":60629,"structure_id":14474,"section_number":"2.2-2240.4","catch_line":"Virginia New Jobs Program","url":"\/2.2-2240.4\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.4","metadata":false},{"id":76902,"structure_id":14474,"section_number":"2.2-2240.5","catch_line":"Workforce Retraining Program","url":"\/2.2-2240.5\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.5","metadata":false},{"id":76617,"structure_id":14474,"section_number":"2.2-2240.6","catch_line":"Small Business New Jobs and Retraining Programs","url":"\/2.2-2240.6\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.6","metadata":false},{"id":68073,"structure_id":14474,"section_number":"2.2-2241","catch_line":"Moneys of Authority","url":"\/2.2-2241\/","token":"2.2\/I\/D\/22\/4\/2.2-2241","metadata":false},{"id":67421,"structure_id":14474,"section_number":"2.2-2242","catch_line":"Forms of accounts and records","url":"\/2.2-2242\/","token":"2.2\/I\/D\/22\/4\/2.2-2242","metadata":false},{"id":57058,"structure_id":14474,"section_number":"2.2-2243","catch_line":"Exemptions from taxes or assessments","url":"\/2.2-2243\/","token":"2.2\/I\/D\/22\/4\/2.2-2243","metadata":false},{"id":65043,"structure_id":14474,"section_number":"2.2-2244","catch_line":"Exemption of Authority from personnel and procurement procedures; adoption of procurement policies","url":"\/2.2-2244\/","token":"2.2\/I\/D\/22\/4\/2.2-2244","metadata":false},{"id":78223,"structure_id":14474,"section_number":"2.2-2245","catch_line":"Appropriations by any government","url":"\/2.2-2245\/","token":"2.2\/I\/D\/22\/4\/2.2-2245","metadata":false},{"id":80171,"structure_id":14474,"section_number":"2.2-2246","catch_line":"Conveyance, lease or transfer of property by a city or county to the Authority","url":"\/2.2-2246\/","token":"2.2\/I\/D\/22\/4\/2.2-2246","metadata":false}],"previous_section":{"id":82287,"structure_id":14474,"section_number":"2.2-2237","catch_line":"Powers of Authority","url":"\/2.2-2237\/","token":"2.2\/I\/D\/22\/4\/2.2-2237","metadata":false},"next_section":{"id":55858,"structure_id":14474,"section_number":"2.2-2237.2","catch_line":"Office of the Attorney General to provide instruction to Board","url":"\/2.2-2237.2\/","token":"2.2\/I\/D\/22\/4\/2.2-2237.2","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2237.1\/","history_text":"

This law was first created in 2017. The record of its establishment is cataloged in chapters 804<\/a> and 824<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2020, chapter 591<\/a>; in 2025, chapters 1<\/a> and 21<\/a>.<\/p>","references":[{"id":62007,"section_number":"2.2-2320.3","catch_line":"Virginia Sports Tourism Grant Program; report","order_by":null,"url":"\/2.2-2320.3\/"},{"id":79544,"section_number":"2.2-3705.7","catch_line":"Exclusions to application of chapter; records of specific public bodies and certain other limited exclusions","order_by":null,"url":"\/2.2-3705.7\/"},{"id":68012,"section_number":"23.1-306","catch_line":"Public institutions of higher education; six-year plans; institutional partnership performance agreements","order_by":null,"url":"\/23.1-306\/"}],"refers_to":[{"id":61436,"section_number":"2.2-205","catch_line":"Economic development policy for the Commonwealth","order_by":null,"url":"\/2.2-205\/"},{"id":67421,"section_number":"2.2-2242","catch_line":"Forms of accounts and records","order_by":null,"url":"\/2.2-2242\/"}],"permalink":{"id":174285,"object_type":"law","relational_id":74531,"identifier":"2.2-2237.1","token":"2.2\/I\/D\/22\/4\/2.2-2237.1","url":"\/2.2-2237.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2237.1\/","token":"2.2\/I\/D\/22\/4\/2.2-2237.1","dublin_core":{"Title":"Board of directors to develop strategic plan for economic development; marketing plan; operational plan; submission","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2237.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Board<\/span> and the Chief Executive Officer shall develop and update biennially, prior to the start of each of the Commonwealth<\/span>’s biennial budget periods, a strategic plan for specific economic development activities for the Commonwealth<\/span> as a whole. The strategic plan shall be responsive to the comprehensive economic development policy developed pursuant to \u00a7 2.2-205<\/a>. The strategic plan of the Authority<\/span> shall, at a minimum, include: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The identification of specific goals and objectives for the Authority<\/span> and the development of quantifiable metrics and performance measures for attaining each such goal and objective; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> A systematic assessment of how the Authority<\/span> can best add value in carrying out each of its statutory powers and duties; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Such other information deemed appropriate by the Board<\/span> to ensure that the Authority<\/span> fully executes its powers and duties. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The Authority<\/span> shall report annually by November 1 on its strategic plan, any modifications to the strategic plan, and its progress toward meeting the goals and objectives as stated in the strategic plan. The report shall be submitted to the Governor, the Director of the Department of Planning and Budget, the special subcommittee on economic development of the Joint Legislative Audit and Review Commission, and the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The Board<\/span> shall include in its strategic planning process the participation of key economic development partners, including state<\/span>, regional, and local economic development agencies and organizations, rural stakeholders, and international trade organizations. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> In addition, the Board<\/span> and the Chief Executive Officer shall develop and update annually prior to the start of the fiscal year: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> A marketing plan for the Commonwealth<\/span> as a whole. The marketing plan of the Authority<\/span> shall, at a minimum, include:\n\t\t\t\ta. Identification of the Authority<\/span>’s specific and measurable marketing goals and the timetable to achieve such goals;\n\t\t\t\tb. Identification of specific marketing activities, including efforts intended to secure economic development opportunities in proximity to high unemployment areas;\n\t\t\t\tc. The resources and staff allocated to such marketing activities; and\n\t\t\t\td. The development of quantifiable metrics and performance measures for attaining each such goal.\n\t\t\t\tThe Authority<\/span> shall report annually by November 1 on its marketing plan, any modifications to the marketing plan, and its progress toward meeting the goals and objectives as stated in the marketing plan. The report shall be submitted to the Governor, the special subcommittee on economic development of the Joint Legislative Audit and Review Commission, and the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> An operational plan for carrying out the powers and duties of the Authority<\/span>. The operational plan of the Authority<\/span> shall, at a minimum, include:\n\t\t\t\ta. A process to evaluate the Authority<\/span>’s effectiveness in exercising the powers and duties conferred by this article, including the Authority<\/span>’s ability to work with other state<\/span>, regional, and local economic development organizations and international trade organizations; and\n\t\t\t\tb. A strategy for coordinating with state<\/span> agencies that administer economic development incentive programs and relevant executive branch committees, councils, authorities, and commissions to maximize the effectiveness of state<\/span> economic development programs and activities.\n\t\t\t\tThe Authority<\/span> shall report annually by November 1 on its operational plan, any modifications to the operational plan, and its progress toward meeting the goals and objectives as stated in the operational plan. Such report shall contain the most recent available audit report from the Auditor of Public Accounts’ annual examination of the accounts and books of the Authority<\/span> pursuant to § 2.2-2242<\/a> and shall be submitted to the Governor, the special subcommittee on economic development of the Joint Legislative Audit and Review Commission, and the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBOARD OF DIRECTORS TO DEVELOP STRATEGIC PLAN FOR ECONOMIC DEVELOPMENT; MARKETING\nPLAN; OPERATIONAL PLAN; SUBMISSION (\u00a7 2.2-2237.1)\n\nA. The Board and the Chief Executive Officer shall develop and update\nbiennially, prior to the start of each of the Commonwealth’s biennial\nbudget periods, a strategic plan for specific economic development activities\nfor the Commonwealth as a whole. The strategic plan shall be responsive to the\ncomprehensive economic development policy developed pursuant to \u00a7 2.2-205. The\nstrategic plan of the Authority shall, at a minimum, include:\n\n 1. The identification of specific goals and objectives for the Authority and\n the development of quantifiable metrics and performance measures for attaining\n each such goal and objective;\n\n 2. A systematic assessment of how the Authority can best add value in carrying\n out each of its statutory powers and duties; and\n\n 3. Such other information deemed appropriate by the Board to ensure that the\n Authority fully executes its powers and duties.\n\nB. The Authority shall report annually by November 1 on its strategic plan, any\nmodifications to the strategic plan, and its progress toward meeting the goals\nand objectives as stated in the strategic plan. The report shall be submitted to\nthe Governor, the Director of the Department of Planning and Budget, the special\nsubcommittee on economic development of the Joint Legislative Audit and Review\nCommission, and the Chairmen of the House Committee on Appropriations and the\nSenate Committee on Finance and Appropriations.\n\nC. The Board shall include in its strategic planning process the participation\nof key economic development partners, including state, regional, and local\neconomic development agencies and organizations, rural stakeholders, and\ninternational trade organizations.\n\nD. In addition, the Board and the Chief Executive Officer shall develop and\nupdate annually prior to the start of the fiscal year:\n\n 1. A marketing plan for the Commonwealth as a whole. The marketing plan of the\n Authority shall, at a minimum, include:\n \t\t\t\ta. Identification of the Authority’s specific and measurable\n marketing goals and the timetable to achieve such goals;\n \t\t\t\tb. Identification of specific marketing activities, including efforts\n intended to secure economic development opportunities in proximity to high\n unemployment areas;\n \t\t\t\tc. The resources and staff allocated to such marketing activities; and\n \t\t\t\td. The development of quantifiable metrics and performance measures for\n attaining each such goal.\n \t\t\t\tThe Authority shall report annually by November 1 on its marketing plan,\n any modifications to the marketing plan, and its progress toward meeting the\n goals and objectives as stated in the marketing plan. The report shall be\n submitted to the Governor, the special subcommittee on economic development of\n the Joint Legislative Audit and Review Commission, and the Chairmen of the\n House Committee on Appropriations and the Senate Committee on Finance and\n Appropriations; and\n\n 2. An operational plan for carrying out the powers and duties of the\n Authority. The operational plan of the Authority shall, at a minimum, include:\n \t\t\t\ta. A process to evaluate the Authority’s effectiveness in exercising\n the powers and duties conferred by this article, including the\n Authority’s ability to work with other state, regional, and local\n economic development organizations and international trade organizations; and\n \t\t\t\tb. A strategy for coordinating with state agencies that administer\n economic development incentive programs and relevant executive branch\n committees, councils, authorities, and commissions to maximize the\n effectiveness of state economic development programs and activities.\n \t\t\t\tThe Authority shall report annually by November 1 on its operational plan,\n any modifications to the operational plan, and its progress toward meeting the\n goals and objectives as stated in the operational plan. Such report shall\n contain the most recent available audit report from the Auditor of Public\n Accounts’ annual examination of the accounts and books of the Authority\n pursuant to § 2.2-2242 and shall be submitted to the Governor, the\n special subcommittee on economic development of the Joint Legislative Audit\n and Review Commission, and the Chairmen of the House Committee on\n Appropriations and the Senate Committee on Finance and Appropriations.\n\nHISTORY: 2017, cc. 804, 824; 2020, c. 591; 2025, cc. 1, 21.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}