{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2240.6.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2240.6.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2240.6.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2240.6.html"}],"law_id":76617,"edition_id":1,"section_id":76617,"structure_id":14474,"section_number":"2.2-2240.6","catch_line":"Small Business New Jobs and Retraining Programs","history":"2014, cc. 41, 464.","full_text":"A\n\nThe Authority shall develop as a component of the Virginia Jobs Investment Program the Small Business New Jobs and Retraining Programs to support the establishment or expansion of Virginia’s small businesses or to improve their efficiency through retraining.B\n\nIn addition to the requirements of subsection D of § 2.2-2240.3 regarding company eligibility, to be eligible for assistance for new job creation a company shall create a minimum of five net new jobs for full-time employees and make a capital investment of at least $100,000. In addition to the requirements of subsection D of § 2.2-2240.3 regarding company eligibility, to be eligible for assistance for retraining 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 five full-time employees are involved and (b) a minimum capital investment of $50,000 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":275038,"text":"The Authority shall develop as a component of the Virginia Jobs Investment Program the Small Business New Jobs and Retraining Programs to support the establishment or expansion of Virginia’s small businesses or to improve their efficiency through retraining.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":275039,"text":"In addition to the requirements of subsection D of § 2.2-2240.3 regarding company eligibility, to be eligible for assistance for new job creation a company shall create a minimum of five net new jobs for full-time employees and make a capital investment of at least $100,000. In addition to the requirements of subsection D of § 2.2-2240.3 regarding company eligibility, to be eligible for assistance for retraining 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 five full-time employees are involved and (b) a minimum capital investment of $50,000 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 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; 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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; 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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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2240.6\/","history_text":"

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":174349,"object_type":"law","relational_id":76617,"identifier":"2.2-2240.6","token":"2.2\/I\/D\/22\/4\/2.2-2240.6","url":"\/2.2-2240.6\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2240.6\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.6","dublin_core":{"Title":"Small Business New Jobs and Retraining Programs","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2240.6","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 Small Business New Jobs and Retraining Programs to support the establishment or expansion of Virginia’s small businesses or to improve their efficiency through retraining. <\/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 for new job creation a company shall create a minimum of five net new jobs for full-time employees and make a capital investment of at least $100,000. In addition to the requirements of subsection D of § 2.2-2240.3<\/a> regarding company eligibility, to be eligible for assistance for retraining 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 five full-time employees are involved and (b) a minimum capital investment of $50,000 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\nSMALL BUSINESS NEW JOBS AND RETRAINING PROGRAMS (\u00a7 2.2-2240.6)\n\nA. The Authority shall develop as a component of the Virginia Jobs Investment\nProgram the Small Business New Jobs and Retraining Programs to support the\nestablishment or expansion of Virginia’s small businesses or to improve\ntheir efficiency through retraining.\n\nB. In addition to the requirements of subsection D of § 2.2-2240.3\nregarding company eligibility, to be eligible for assistance for new job\ncreation a company shall create a minimum of five net new jobs for full-time\nemployees and make a capital investment of at least $100,000. In addition to the\nrequirements of subsection D of § 2.2-2240.3 regarding company eligibility,\nto be eligible for assistance for retraining a company shall demonstrate that\n(i) it is undergoing integration of new technology into its production process,\na change of product line in keeping with marketplace demands, or substantial\nchange to its service delivery process that would require assimilation of new\nskills and technological capabilities by the firm’s existing labor force\nand (ii) for each such integration of new technology, change of product, or\nsubstantial change to its service delivery process, (a) no less than five\nfull-time employees are involved and (b) a minimum capital investment of $50,000\nwill 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}}