{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2240.5.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2240.5.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2240.5.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2240.5.html"}],"law_id":76902,"edition_id":1,"section_id":76902,"structure_id":14474,"section_number":"2.2-2240.5","catch_line":"Workforce Retraining Program","history":"2014, cc. 41, 464.","full_text":"A\n\nThe Authority shall develop as a component of the Virginia Jobs Investment Program the Workforce Retraining Program to provide consulting services and funding to assist companies and businesses with retraining their existing workforces to increase productivity.B\n\nIn addition to the requirements of subsection D of § 2.2-2240.3 regarding company eligibility, to be eligible for assistance a company shall demonstrate that (i) it is undergoing integration of new technology into its production process, a change of product line in keeping with marketplace demands, or substantial change to its service delivery process that would require assimilation of new skills and technological capabilities by the firm’s existing labor force and (ii) for each such integration of new technology, change of product, or substantial change to its service delivery process, (a) no less than 10 full-time employees are involved and (b) a minimum capital investment of $500,000 will be made within a 12-month period.\n\t\t\tThe Secretary of Commerce and Trade may waive these requirements but shall promptly provide written notice of any such waiver to the Chairmen of the Senate Finance and House Appropriations Committees, which notice shall include a justification for any waiver of these requirements.","order_by":null,"text":{"0":{"id":276019,"text":"The Authority shall develop as a component of the Virginia Jobs Investment Program the Workforce Retraining Program to provide consulting services and funding to assist companies and businesses with retraining their existing workforces to increase productivity.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":276020,"text":"In addition to the requirements of subsection D of § 2.2-2240.3 regarding company eligibility, to be eligible for assistance a company shall demonstrate that (i) it is undergoing integration of new technology into its production process, a change of product line in keeping with marketplace demands, or substantial change to its service delivery process that would require assimilation of new skills and technological capabilities by the firm’s existing labor force and (ii) for each such integration of new technology, change of product, or substantial change to its service delivery process, (a) no less than 10 full-time employees are involved and (b) a minimum capital investment of $500,000 will be made within a 12-month period.\n\t\t\tThe Secretary of Commerce and Trade may waive these requirements but shall promptly provide written notice of any such waiver to the Chairmen of the Senate Finance and House Appropriations Committees, which notice shall include a justification for any waiver of these requirements.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"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 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This law was first created in 2014. The record of its establishment is cataloged in chapters 41<\/a> and 464<\/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.<\/p>","references":[{"id":70905,"section_number":"2.2-2240.3","catch_line":"Definitions; Virginia Jobs Investment Program and Fund; composition; general qualifications","order_by":null,"url":"\/2.2-2240.3\/"}],"refers_to":[{"id":70905,"section_number":"2.2-2240.3","catch_line":"Definitions; Virginia Jobs Investment Program and Fund; composition; general qualifications","order_by":null,"url":"\/2.2-2240.3\/"}],"permalink":{"id":174345,"object_type":"law","relational_id":76902,"identifier":"2.2-2240.5","token":"2.2\/I\/D\/22\/4\/2.2-2240.5","url":"\/2.2-2240.5\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2240.5\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.5","dublin_core":{"Title":"Workforce Retraining Program","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2240.5","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Authority<\/span> shall develop as a component of the Virginia Jobs Investment Program the Workforce Retraining Program to provide consulting services and funding to assist companies and businesses with retraining their existing workforces to increase productivity. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> In addition to the requirements of subsection D of § 2.2-2240.3<\/a> regarding company eligibility, to be eligible for assistance a company shall demonstrate that (i) it is undergoing integration of new technology into its production process, a change of product line in keeping with marketplace demands, or substantial change to its service delivery process that would require assimilation of new skills and technological capabilities by the firm’s existing labor force and (ii) for each such integration of new technology, change of product, or substantial change to its service delivery process, (a) no less than 10 full-time employees are involved and (b) a minimum capital investment of $500,000 will be made within a 12-month period.\n\t\t\tThe Secretary of Commerce and Trade may waive<\/span> these requirements but shall promptly provide written notice of any such waiver<\/span> to the Chairmen of the Senate Finance and House Appropriations Committees, which notice shall include a justification for any waiver<\/span> of these requirements. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nWORKFORCE RETRAINING PROGRAM (\u00a7 2.2-2240.5)\n\nA. The Authority shall develop as a component of the Virginia Jobs Investment\nProgram the Workforce Retraining Program to provide consulting services and\nfunding to assist companies and businesses with retraining their existing\nworkforces to increase productivity.\n\nB. In addition to the requirements of subsection D of § 2.2-2240.3\nregarding company eligibility, to be eligible for assistance a company shall\ndemonstrate that (i) it is undergoing integration of new technology into its\nproduction process, a change of product line in keeping with marketplace\ndemands, or substantial change to its service delivery process that would\nrequire assimilation of new skills and technological capabilities by the\nfirm’s existing labor force and (ii) for each such integration of new\ntechnology, change of product, or substantial change to its service delivery\nprocess, (a) no less than 10 full-time employees are involved and (b) a minimum\ncapital investment of $500,000 will be made within a 12-month period.\n\t\t\tThe Secretary of Commerce and Trade may waive these requirements but shall\npromptly provide written notice of any such waiver to the Chairmen of the Senate\nFinance and House Appropriations Committees, which notice shall include a\njustification for any waiver of these requirements.\n\nHISTORY: 2014, cc. 41, 464.","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}}