{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-5102.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-5102.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-5102.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-5102.html"}],"law_id":56174,"edition_id":1,"section_id":56174,"structure_id":14627,"section_number":"2.2-5102","catch_line":"Performance grant for major eligible manufacturers","history":"1999, cc. 875, 961, \u00a7 2.1-548.43:4; 2000, c. 571; 2001, c. 844; 2003, c. 17; 2015, c. 761.","full_text":"A\n\nAs used in this section, “major eligible employer” means any eligible manufacturer or other nonmanufacturing basic employer that makes a capital investment of at least $100 million that results in the creation of at least 1,000 new jobs. For corporate headquarters and other basic employers that make a capital investment of at least $100 million and create at least 400 new jobs paying at least twice the prevailing average wage for the area, the 1,000 job requirement may be reduced in proportion to the factor by which the wages for the new jobs exceed the prevailing average wage for the area. All other provisions of this chapter shall apply equally to major eligible manufacturers and major eligible nonmanufacturing basic employers, in this chapter collectively referred to as “major eligible employers.”B\n\nSubject to the appropriation by the General Assembly of sufficient moneys to the Major Eligible Employer Grant subfund, any major eligible employer shall be eligible for a grant under this section of up to $25 million, to be payable from such subfund over a period of not less than five years and not more than seven years, commencing in the third year following the approval by the Secretary of the employer’s grant application.C\n\nThe Partnership shall establish an application process by which major eligible employers may apply for a grant under this section. An application for a grant under this section shall not be approved until the Partnership has verified that the capital investment has been completed.D\n\nThe Comptroller shall not draw any warrants to issue checks for grants under this chapter without a specific legislative appropriation as specified in conditions and restrictions on expenditures in the appropriation act. The payment of any grant under this section shall be in accordance with the terms and conditions set forth in a memorandum of understanding between a major eligible employer and the Commonwealth. These terms and conditions shall supplement the provisions of this chapter and shall include but not be limited to the terms of the payment of the grant. The payment of the grant shall be made in full or in proportion to a major eligible employer’s fulfillment of the terms of the memorandum of understanding. The Secretary shall consult with the House Committee on Appropriations and the Senate Committee on Finance and Appropriations prior to entering into any memorandum of understanding. The House Committee on Appropriations and the Senate Committee on Finance and Appropriations shall have the opportunity to review any memorandum of understanding prior to its execution by the Commonwealth.","order_by":null,"text":{"0":{"id":205832,"text":"As used in this section, “major eligible employer” means any eligible manufacturer or other nonmanufacturing basic employer that makes a capital investment of at least $100 million that results in the creation of at least 1,000 new jobs. For corporate headquarters and other basic employers that make a capital investment of at least $100 million and create at least 400 new jobs paying at least twice the prevailing average wage for the area, the 1,000 job requirement may be reduced in proportion to the factor by which the wages for the new jobs exceed the prevailing average wage for the area. All other provisions of this chapter shall apply equally to major eligible manufacturers and major eligible nonmanufacturing basic employers, in this chapter collectively referred to as “major eligible employers.”","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":205833,"text":"Subject to the appropriation by the General Assembly of sufficient moneys to the Major Eligible Employer Grant subfund, any major eligible employer shall be eligible for a grant under this section of up to $25 million, to be payable from such subfund over a period of not less than five years and not more than seven years, commencing in the third year following the approval by the Secretary of the employer’s grant application.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":205834,"text":"The Partnership shall establish an application process by which major eligible employers may apply for a grant under this section. An application for a grant under this section shall not be approved until the Partnership has verified that the capital investment has been completed.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":205835,"text":"The Comptroller shall not draw any warrants to issue checks for grants under this chapter without a specific legislative appropriation as specified in conditions and restrictions on expenditures in the appropriation act. The payment of any grant under this section shall be in accordance with the terms and conditions set forth in a memorandum of understanding between a major eligible employer and the Commonwealth. These terms and conditions shall supplement the provisions of this chapter and shall include but not be limited to the terms of the payment of the grant. The payment of the grant shall be made in full or in proportion to a major eligible employer’s fulfillment of the terms of the memorandum of understanding. The Secretary shall consult with the House Committee on Appropriations and the Senate Committee on Finance and Appropriations prior to entering into any memorandum of understanding. The House Committee on Appropriations and the Senate Committee on Finance and Appropriations shall have the opportunity to review any memorandum of understanding prior to its execution by the Commonwealth.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":14627,"edition_id":1,"name":"Virginia Investment Partnership Act","identifier":"51","label":"chapter","depth":4,"order_by":1,"parent_id":12751,"metadata":{},"date_created":"2026-06-26 03:48:58","date_modified":"2026-06-26 03:48:58","permalink":{"id":177751,"object_type":"structure","relational_id":14627,"identifier":"51","token":"2.2\/II\/B\/51","url":"\/2.2\/II\/B\/51\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12751,"edition_id":1,"name":"Transaction of Public Business","identifier":"B","label":"part","depth":3,"order_by":1,"parent_id":12750,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":176445,"object_type":"structure","relational_id":12751,"identifier":"B","token":"2.2\/II\/B","url":"\/2.2\/II\/B\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12750,"edition_id":1,"name":"Administration of State Government","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":176253,"object_type":"structure","relational_id":12750,"identifier":"II","token":"2.2\/II","url":"\/2.2\/II\/","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":56246,"structure_id":14627,"section_number":"2.2-5100","catch_line":"Short title; definitions","url":"\/2.2-5100\/","token":"2.2\/II\/B\/51\/2.2-5100","metadata":false},{"id":69324,"structure_id":14627,"section_number":"2.2-5101","catch_line":"Virginia investment performance grants","url":"\/2.2-5101\/","token":"2.2\/II\/B\/51\/2.2-5101","metadata":false},{"id":56174,"structure_id":14627,"section_number":"2.2-5102","catch_line":"Performance grant for major eligible manufacturers","url":"\/2.2-5102\/","token":"2.2\/II\/B\/51\/2.2-5102","metadata":false},{"id":68478,"structure_id":14627,"section_number":"2.2-5102.1","catch_line":"Virginia economic development incentive grants","url":"\/2.2-5102.1\/","token":"2.2\/II\/B\/51\/2.2-5102.1","metadata":false},{"id":67038,"structure_id":14627,"section_number":"2.2-5103","catch_line":"Requirements for grants generally","url":"\/2.2-5103\/","token":"2.2\/II\/B\/51\/2.2-5103","metadata":false},{"id":75562,"structure_id":14627,"section_number":"2.2-5104","catch_line":"Virginia Investment Partnership Grant Fund","url":"\/2.2-5104\/","token":"2.2\/II\/B\/51\/2.2-5104","metadata":false}],"previous_section":{"id":69324,"structure_id":14627,"section_number":"2.2-5101","catch_line":"Virginia investment performance grants","url":"\/2.2-5101\/","token":"2.2\/II\/B\/51\/2.2-5101","metadata":false},"next_section":{"id":68478,"structure_id":14627,"section_number":"2.2-5102.1","catch_line":"Virginia economic development incentive grants","url":"\/2.2-5102.1\/","token":"2.2\/II\/B\/51\/2.2-5102.1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-5102\/","history_text":"

This law was first created in 1999. The record of its establishment is cataloged in chapters 875<\/a> and 961<\/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 4 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 2000, chapter 571<\/a>; in 2001, chapter 844<\/a>; in 2003, chapter 17<\/a>; in 2015, chapter 761<\/a>.<\/p>","references":[{"id":69324,"section_number":"2.2-5101","catch_line":"Virginia investment performance grants","order_by":null,"url":"\/2.2-5101\/"},{"id":68478,"section_number":"2.2-5102.1","catch_line":"Virginia economic development incentive grants","order_by":null,"url":"\/2.2-5102.1\/"}],"refers_to":false,"permalink":{"id":177761,"object_type":"law","relational_id":56174,"identifier":"2.2-5102","token":"2.2\/II\/B\/51\/2.2-5102","url":"\/2.2-5102\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-5102\/","token":"2.2\/II\/B\/51\/2.2-5102","dublin_core":{"Title":"Performance grant for major eligible manufacturers","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-5102","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> As used in this section, “major eligible employer<\/span>” means any eligible manufacturer or other nonmanufacturing basic employer that makes a capital investment of at least $100 million that results in the creation of at least 1,000 new jobs. For corporate headquarters and other basic employers that make a capital investment of at least $100 million and create at least 400 new jobs paying at least twice the prevailing average wage for the area, the 1,000 job requirement may be reduced in proportion to the factor by which the wages for the new jobs exceed the prevailing average wage for the area. All other provisions of this chapter shall apply equally to major eligible manufacturers and major eligible nonmanufacturing basic employers, in this chapter collectively referred to as “major eligible employers<\/span>.” <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Subject to the appropriation by the General Assembly of sufficient moneys to the Major Eligible Employer<\/span> Grant subfund, any major eligible employer<\/span> shall be eligible for a grant under this section of up to $25 million, to be payable from such subfund over a period of not less than five years and not more than seven years, commencing in the third year following the approval by the Secretary of the employer’s grant application. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The Partnership shall establish an application process by which major eligible employers<\/span> may apply for a grant under this section. An application for a grant under this section shall not be approved until the Partnership has verified that the capital investment has been completed. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The Comptroller shall not draw any warrants to issue<\/span> checks for grants under this chapter without a specific legislative appropriation as specified in conditions and restrictions on expenditures in the appropriation act. The payment of any grant under this section shall be in accordance with the terms and conditions set forth in a memorandum<\/span> of understanding between a major eligible employer<\/span> and the Commonwealth. These terms and conditions shall supplement the provisions of this chapter and shall include but not be limited to the terms of the payment of the grant. The payment of the grant shall be made in full or in proportion to a major eligible employer<\/span>’s fulfillment of the terms of the memorandum<\/span> of understanding. The Secretary shall consult with the House Committee on Appropriations and the Senate Committee on Finance and Appropriations prior to entering into any memorandum<\/span> of understanding. The House Committee on Appropriations and the Senate Committee on Finance and Appropriations shall have the opportunity to review any memorandum<\/span> of understanding prior to its execution by the Commonwealth. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPERFORMANCE GRANT FOR MAJOR ELIGIBLE MANUFACTURERS (\u00a7 2.2-5102)\n\nA. As used in this section, “major eligible employer” means any\neligible manufacturer or other nonmanufacturing basic employer that makes a\ncapital investment of at least $100 million that results in the creation of at\nleast 1,000 new jobs. For corporate headquarters and other basic employers that\nmake a capital investment of at least $100 million and create at least 400 new\njobs paying at least twice the prevailing average wage for the area, the 1,000\njob requirement may be reduced in proportion to the factor by which the wages\nfor the new jobs exceed the prevailing average wage for the area. All other\nprovisions of this chapter shall apply equally to major eligible manufacturers\nand major eligible nonmanufacturing basic employers, in this chapter\ncollectively referred to as “major eligible employers.”\n\nB. Subject to the appropriation by the General Assembly of sufficient moneys to\nthe Major Eligible Employer Grant subfund, any major eligible employer shall be\neligible for a grant under this section of up to $25 million, to be payable from\nsuch subfund over a period of not less than five years and not more than seven\nyears, commencing in the third year following the approval by the Secretary of\nthe employer’s grant application.\n\nC. The Partnership shall establish an application process by which major\neligible employers may apply for a grant under this section. An application for\na grant under this section shall not be approved until the Partnership has\nverified that the capital investment has been completed.\n\nD. The Comptroller shall not draw any warrants to issue checks for grants under\nthis chapter without a specific legislative appropriation as specified in\nconditions and restrictions on expenditures in the appropriation act. The\npayment of any grant under this section shall be in accordance with the terms\nand conditions set forth in a memorandum of understanding between a major\neligible employer and the Commonwealth. These terms and conditions shall\nsupplement the provisions of this chapter and shall include but not be limited\nto the terms of the payment of the grant. The payment of the grant shall be made\nin full or in proportion to a major eligible employer’s fulfillment of the\nterms of the memorandum of understanding. The Secretary shall consult with the\nHouse Committee on Appropriations and the Senate Committee on Finance and\nAppropriations prior to entering into any memorandum of understanding. The House\nCommittee on Appropriations and the Senate Committee on Finance and\nAppropriations shall have the opportunity to review any memorandum of\nunderstanding prior to its execution by the Commonwealth.\n\nHISTORY: 1999, cc. 875, 961, \u00a7 2.1-548.43:4; 2000, c. 571; 2001, c. 844; 2003,\nc. 17; 2015, c. 761.","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}}