{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/59.1-284.20.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/59.1-284.20.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/59.1-284.20.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/59.1-284.20.html"}],"law_id":70721,"edition_id":1,"section_id":70721,"structure_id":16538,"section_number":"59.1-284.20","catch_line":"Aerospace Engine Manufacturing Performance Grant Program; eligible county","history":"2008, cc. 256, 630.","full_text":"A\n\nAs used in this section:\n\t\t\t“Affiliate” means with respect to any person, any other person directly or indirectly controlling, controlled by, or under common control with such person. For purposes of this definition, “control” (including “controlled by” and “under common control with”) shall mean the power, directly or indirectly, to direct or cause the direction of the management and policies of such person whether through ownership or voting securities or by contract or otherwise.\n\t\t\t“Capital investment” means an investment in real property, tangible personal property, or both, within the Commonwealth that is capitalized.\n\t\t\t“Eligible county” means Prince George County.\n\t\t\t“Grant” means the aerospace engine manufacturing performance grant as described in this section.\n\t\t\t“Manufacture of aerospace engines” means (i) the manufacture or assembly and test of aircraft engines and engine parts; (ii) the design or development of aircraft engines and engine parts; or (iii) the manufacturing activities of a private company described under 2007 index number 336412 of the North American Industry Classification System.\n\t\t\t“Memorandum of understanding” means a performance agreement entered into accordance with a memorandum of understanding entered into on November 20, 2007, among a qualified manufacturer, the Commonwealth, and others setting forth the requirements for capital investment and the creation of new full-time jobs that will make the qualified manufacturer eligible for a grant under this section.\n\t\t\t“New full-time job” means employment of an indefinite duration in an eligible county, created as the direct result of new capital investment, for which the average annual wage is at least equal to the prevailing average annual wage in an eligible county and for which the standard fringe benefits are paid by the qualified manufacturer, requiring a minimum of either (i) 35 hours of an employee’s time per week for the entire normal year of such manufacturer’s operations, which “normal year” must consist of at least 48 weeks or (ii) 1,680 hours per year. Seasonal or temporary positions, and positions created when a job function is shifted from an existing location in the Commonwealth shall not qualify as new full-time jobs under this section. Other positions, which may or may not be of indefinite duration, including supplemental employees of affiliates, subsidiaries, joint ventures, contractors, or subcontractors may be considered new full-time jobs, if so designated in the memorandum of understanding between such manufacturer, the Commonwealth, and others as such memorandum of understanding was in effect on November 20, 2007.\n\t\t\t“Qualified manufacturer” means a manufacturer that (i) is expected to make a capital investment of at least $500 million by June 30, 2023, in an eligible county related to the manufacture of aerospace engines and (ii) is expected to create at least 540 jobs in an eligible county for the manufacture of aerospace engines or activities ancillary or supportive of such manufacture.\n\t\t\t“Secretary” means the Secretary of Commerce and Trade or his designee.B\n\nAny qualified manufacturer that, after July 1, 2008, first begins operations in an eligible county shall be eligible to receive a grant each fiscal year beginning with the Commonwealth’s fiscal year starting on July 1, 2013, and ending with the Commonwealth’s fiscal year starting on July 1, 2022, unless such time frame is extended in accordance with subsection E. The grants under this section (i) shall be paid, subject to appropriation by the General Assembly, from a fund entitled the Aerospace Engine Manufacturing Performance Grant Fund, which Fund is hereby established on the books of the Comptroller, (ii) shall not exceed $35 million in the aggregate, and (iii) shall be paid to the qualified manufacturer during each fiscal year contingent upon the qualified manufacturer meeting the requirements for the aggregate (a) number of new full-time jobs created and the substantial retention of the same and (b) amount of the capital investment made and substantially retained as set forth in the memorandum of understanding.C\n\nIf grants to be paid to qualified manufacturers under this section in a fiscal year exceed the aggregate amount available in the Aerospace Engine Manufacturing Performance Grant Fund for that year, each qualified manufacturer’s grants for the year shall equal the amount of grants to which the qualified manufacturer would otherwise be eligible multiplied by a fraction. The numerator of the fraction shall equal the aggregate amount available for payment from the Aerospace Engine Manufacturing Performance Grant Fund for that fiscal year, and the denominator shall equal the aggregate dollar amount of grants to which all qualified manufacturers otherwise would be eligible for such fiscal year.\n\t\t\tThe aggregate amount of the grants payable under this section shall be subject to the following requirements and limitations:1\n\nGrants shall be awarded after July 1, 2013, and before July 1, 2023, unless such time frame is extended in accordance with subsection E.2\n\nThe amount of the grant to be paid in each fiscal year shall be conditional upon the qualified manufacturer meeting the requirements for the (i) aggregate number of new full-time jobs created and the substantial retention of the same throughout the calendar year that immediately precedes the end of such fiscal year, and (ii) aggregate amount of the capital investment made and substantially retained as of the last day of the calendar year that immediately precedes the end of such fiscal year as set forth in the memorandum of understanding entered into on November 20, 2007. Grants shall be paid based upon such requirements as agreed to on November 20, 2007, regardless if such memorandum of understanding is later modified, amended, superseded, or otherwise changed.3\n\nThe aggregate amount of grants that may be awarded in a particular fiscal year shall not exceed the following:\n\t\t\t\ta. $5.5 million for the Commonwealth’s fiscal year beginning July 1, 2013;\n\t\t\t\tb. $11 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2014;\n\t\t\t\tc. $14 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2015;\n\t\t\t\td. $17 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2016;\n\t\t\t\te. $20 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2017;\n\t\t\t\tf. $23 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2018;\n\t\t\t\tg. $26 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2019;\n\t\t\t\th. $29 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2020;\n\t\t\t\ti. $32 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2021; and\n\t\t\t\tj. $35 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2022.4\n\nGrants provided by this section shall not exceed $35 million in the aggregate.D\n\nAny qualified manufacturer applying for a grant under this section shall provide evidence, satisfactory to the Secretary, of (i) the aggregate number of new full-time jobs created and the substantial retention of the same throughout the calendar year that immediately precedes the end of the fiscal year in which the grant is to be paid, and (ii) the aggregate amount of the capital investment made and substantially retained as of the last day of the calendar year that immediately precedes the end of the fiscal year in which the grant is to be paid. The application and evidence shall be filed with the Secretary in person or by mail no later than April 1 each year following the calendar year in which the qualified manufacturer meets such aggregate new full-time job requirements and aggregate capital investment. Failure to meet the filing deadline shall result in a deferral of a scheduled grant payment set forth in subsection C. For filings by mail, the postmark cancellation shall govern the date of the filing determination.E\n\nThe memorandum of understanding may provide that if a grant payment has been deferred for any reason, including the initial failure to meet the aggregate capital investment and the aggregate new full-time job requirements set forth in the memorandum of understanding or the occurrence of any substantial reduction in such new full-time job requirements or capital investment requirements after such requirements have been met but before the grant payment has been made, payment in a subsequent fiscal year for which such requirements have been met for the immediately preceding calendar year shall include both the deferred payment and the scheduled grant payment as provided in subsection C.F\n\nWithin 30 days after the filing deadline in subsection D, the Secretary shall certify to (i) the Comptroller and (ii) each qualified manufacturer the amount of the grant to which such qualified manufacturer is entitled under this section for payment in the current fiscal year. Payment of such grant shall be made by check issued by the Treasurer of Virginia on warrant of the Comptroller by June 30 of such fiscal year.G\n\nAs a condition of receipt of a grant, a qualified manufacturer shall make available to the Secretary or his designee for inspection upon his request all relevant and applicable documents to determine whether the qualified manufacturer has met the requirements for the receipt of grants as set forth in this section and subject to the memorandum of understanding. The Comptroller shall not draw any warrants to issue checks for the grant program under this section without a specific appropriation for the same. All such documents appropriately identified by the qualified manufacturer shall be considered confidential and proprietary.","order_by":null,"text":{"0":{"id":255093,"text":"As used in this section:\n\t\t\t“Affiliate” means with respect to any person, any other person directly or indirectly controlling, controlled by, or under common control with such person. For purposes of this definition, “control” (including “controlled by” and “under common control with”) shall mean the power, directly or indirectly, to direct or cause the direction of the management and policies of such person whether through ownership or voting securities or by contract or otherwise.\n\t\t\t“Capital investment” means an investment in real property, tangible personal property, or both, within the Commonwealth that is capitalized.\n\t\t\t“Eligible county” means Prince George County.\n\t\t\t“Grant” means the aerospace engine manufacturing performance grant as described in this section.\n\t\t\t“Manufacture of aerospace engines” means (i) the manufacture or assembly and test of aircraft engines and engine parts; (ii) the design or development of aircraft engines and engine parts; or (iii) the manufacturing activities of a private company described under 2007 index number 336412 of the North American Industry Classification System.\n\t\t\t“Memorandum of understanding” means a performance agreement entered into accordance with a memorandum of understanding entered into on November 20, 2007, among a qualified manufacturer, the Commonwealth, and others setting forth the requirements for capital investment and the creation of new full-time jobs that will make the qualified manufacturer eligible for a grant under this section.\n\t\t\t“New full-time job” means employment of an indefinite duration in an eligible county, created as the direct result of new capital investment, for which the average annual wage is at least equal to the prevailing average annual wage in an eligible county and for which the standard fringe benefits are paid by the qualified manufacturer, requiring a minimum of either (i) 35 hours of an employee’s time per week for the entire normal year of such manufacturer’s operations, which “normal year” must consist of at least 48 weeks or (ii) 1,680 hours per year. Seasonal or temporary positions, and positions created when a job function is shifted from an existing location in the Commonwealth shall not qualify as new full-time jobs under this section. Other positions, which may or may not be of indefinite duration, including supplemental employees of affiliates, subsidiaries, joint ventures, contractors, or subcontractors may be considered new full-time jobs, if so designated in the memorandum of understanding between such manufacturer, the Commonwealth, and others as such memorandum of understanding was in effect on November 20, 2007.\n\t\t\t“Qualified manufacturer” means a manufacturer that (i) is expected to make a capital investment of at least $500 million by June 30, 2023, in an eligible county related to the manufacture of aerospace engines and (ii) is expected to create at least 540 jobs in an eligible county for the manufacture of aerospace engines or activities ancillary or supportive of such manufacture.\n\t\t\t“Secretary” means the Secretary of Commerce and Trade or his designee.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":255094,"text":"Any qualified manufacturer that, after July 1, 2008, first begins operations in an eligible county shall be eligible to receive a grant each fiscal year beginning with the Commonwealth’s fiscal year starting on July 1, 2013, and ending with the Commonwealth’s fiscal year starting on July 1, 2022, unless such time frame is extended in accordance with subsection E. The grants under this section (i) shall be paid, subject to appropriation by the General Assembly, from a fund entitled the Aerospace Engine Manufacturing Performance Grant Fund, which Fund is hereby established on the books of the Comptroller, (ii) shall not exceed $35 million in the aggregate, and (iii) shall be paid to the qualified manufacturer during each fiscal year contingent upon the qualified manufacturer meeting the requirements for the aggregate (a) number of new full-time jobs created and the substantial retention of the same and (b) amount of the capital investment made and substantially retained as set forth in the memorandum of understanding.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":255095,"text":"If grants to be paid to qualified manufacturers under this section in a fiscal year exceed the aggregate amount available in the Aerospace Engine Manufacturing Performance Grant Fund for that year, each qualified manufacturer’s grants for the year shall equal the amount of grants to which the qualified manufacturer would otherwise be eligible multiplied by a fraction. The numerator of the fraction shall equal the aggregate amount available for payment from the Aerospace Engine Manufacturing Performance Grant Fund for that fiscal year, and the denominator shall equal the aggregate dollar amount of grants to which all qualified manufacturers otherwise would be eligible for such fiscal year.\n\t\t\tThe aggregate amount of the grants payable under this section shall be subject to the following requirements and limitations:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"C1"},"3":{"id":255096,"text":"Grants shall be awarded after July 1, 2013, and before July 1, 2023, unless such time frame is extended in accordance with subsection E.","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"4":{"id":255097,"text":"The amount of the grant to be paid in each fiscal year shall be conditional upon the qualified manufacturer meeting the requirements for the (i) aggregate number of new full-time jobs created and the substantial retention of the same throughout the calendar year that immediately precedes the end of such fiscal year, and (ii) aggregate amount of the capital investment made and substantially retained as of the last day of the calendar year that immediately precedes the end of such fiscal year as set forth in the memorandum of understanding entered into on November 20, 2007. Grants shall be paid based upon such requirements as agreed to on November 20, 2007, regardless if such memorandum of understanding is later modified, amended, superseded, or otherwise changed.","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1","next_prefix":"C3"},"5":{"id":255098,"text":"The aggregate amount of grants that may be awarded in a particular fiscal year shall not exceed the following:\n\t\t\t\ta. $5.5 million for the Commonwealth’s fiscal year beginning July 1, 2013;\n\t\t\t\tb. $11 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2014;\n\t\t\t\tc. $14 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2015;\n\t\t\t\td. $17 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2016;\n\t\t\t\te. $20 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2017;\n\t\t\t\tf. $23 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2018;\n\t\t\t\tg. $26 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2019;\n\t\t\t\th. $29 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2020;\n\t\t\t\ti. $32 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2021; and\n\t\t\t\tj. $35 million, less the total amount of grants previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2022.","type":"section","prefixes":["C","3"],"prefix":"3","entire_prefix":"C3","prefix_anchor":"C3","level":2,"prior_prefix":"C2","next_prefix":"C4"},"6":{"id":255099,"text":"Grants provided by this section shall not exceed $35 million in the aggregate.","type":"section","prefixes":["C","4"],"prefix":"4","entire_prefix":"C4","prefix_anchor":"C4","level":2,"prior_prefix":"C3","next_prefix":"D"},"7":{"id":255100,"text":"Any qualified manufacturer applying for a grant under this section shall provide evidence, satisfactory to the Secretary, of (i) the aggregate number of new full-time jobs created and the substantial retention of the same throughout the calendar year that immediately precedes the end of the fiscal year in which the grant is to be paid, and (ii) the aggregate amount of the capital investment made and substantially retained as of the last day of the calendar year that immediately precedes the end of the fiscal year in which the grant is to be paid. The application and evidence shall be filed with the Secretary in person or by mail no later than April 1 each year following the calendar year in which the qualified manufacturer meets such aggregate new full-time job requirements and aggregate capital investment. Failure to meet the filing deadline shall result in a deferral of a scheduled grant payment set forth in subsection C. For filings by mail, the postmark cancellation shall govern the date of the filing determination.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C4","next_prefix":"E"},"8":{"id":255101,"text":"The memorandum of understanding may provide that if a grant payment has been deferred for any reason, including the initial failure to meet the aggregate capital investment and the aggregate new full-time job requirements set forth in the memorandum of understanding or the occurrence of any substantial reduction in such new full-time job requirements or capital investment requirements after such requirements have been met but before the grant payment has been made, payment in a subsequent fiscal year for which such requirements have been met for the immediately preceding calendar year shall include both the deferred payment and the scheduled grant payment as provided in subsection C.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"F"},"9":{"id":255102,"text":"Within 30 days after the filing deadline in subsection D, the Secretary shall certify to (i) the Comptroller and (ii) each qualified manufacturer the amount of the grant to which such qualified manufacturer is entitled under this section for payment in the current fiscal year. Payment of such grant shall be made by check issued by the Treasurer of Virginia on warrant of the Comptroller by June 30 of such fiscal year.","type":"section","prefixes":["F"],"prefix":"F","entire_prefix":"F","prefix_anchor":"F","level":1,"prior_prefix":"E","next_prefix":"G"},"10":{"id":255103,"text":"As a condition of receipt of a grant, a qualified manufacturer shall make available to the Secretary or his designee for inspection upon his request all relevant and applicable documents to determine whether the qualified manufacturer has met the requirements for the receipt of grants as set forth in this section and subject to the memorandum of understanding. The Comptroller shall not draw any warrants to issue checks for the grant program under this section without a specific appropriation for the same. All such documents appropriately identified by the qualified manufacturer shall be considered confidential and proprietary.","type":"section","prefixes":["G"],"prefix":"G","entire_prefix":"G","prefix_anchor":"G","level":1,"prior_prefix":"F"}},"ancestry":[{"id":16538,"edition_id":1,"name":"Aerospace Engine Manufacturing Performance Grant Program","identifier":"22.5","label":"chapter","depth":2,"order_by":1,"parent_id":12809,"metadata":{},"date_created":"2026-06-26 04:23:08","date_modified":"2026-06-26 04:23:08","permalink":{"id":260485,"object_type":"structure","relational_id":16538,"identifier":"22.5","token":"59.1\/22.5","url":"\/59.1\/22.5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12809,"edition_id":1,"name":"Trade and Commerce","identifier":"59.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":259521,"object_type":"structure","relational_id":12809,"identifier":"59.1","token":"59.1","url":"\/59.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":70721,"structure_id":16538,"section_number":"59.1-284.20","catch_line":"Aerospace Engine Manufacturing Performance Grant Program; eligible county","url":"\/59.1-284.20\/","token":"59.1\/22.5\/59.1-284.20","metadata":false},{"id":80650,"structure_id":16538,"section_number":"59.1-284.21","catch_line":"Aerospace Engine Manufacturing Supplier Cluster Bonus Performance Grant Program; eligible county","url":"\/59.1-284.21\/","token":"59.1\/22.5\/59.1-284.21","metadata":false},{"id":79960,"structure_id":16538,"section_number":"59.1-284.22","catch_line":"Aerospace Engine Manufacturer Workforce Training Grant Fund; eligible county","url":"\/59.1-284.22\/","token":"59.1\/22.5\/59.1-284.22","metadata":false}],"next_section":{"id":80650,"structure_id":16538,"section_number":"59.1-284.21","catch_line":"Aerospace Engine Manufacturing Supplier Cluster Bonus Performance Grant Program; eligible county","url":"\/59.1-284.21\/","token":"59.1\/22.5\/59.1-284.21","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/59.1-284.20\/","history_text":"

This law was first created in 2008. The record of its establishment is cataloged in chapters 256<\/a> and 630<\/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":80650,"section_number":"59.1-284.21","catch_line":"Aerospace Engine Manufacturing Supplier Cluster Bonus Performance Grant Program; eligible county","order_by":null,"url":"\/59.1-284.21\/"},{"id":79960,"section_number":"59.1-284.22","catch_line":"Aerospace Engine Manufacturer Workforce Training Grant Fund; eligible county","order_by":null,"url":"\/59.1-284.22\/"}],"refers_to":false,"permalink":{"id":260487,"object_type":"law","relational_id":70721,"identifier":"59.1-284.20","token":"59.1\/22.5\/59.1-284.20","url":"\/59.1-284.20\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/59.1-284.20\/","token":"59.1\/22.5\/59.1-284.20","dublin_core":{"Title":"Aerospace Engine Manufacturing Performance Grant Program; eligible county","Type":"Text","Format":"text\/html","Identifier":"\u00a7 59.1-284.20","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> As used in this section:\n\t\t\t“Affiliate<\/span>” means with respect to any person, any other person directly or indirectly controlling, controlled by<\/span>, or under common control with<\/span> such person. For purposes of this definition, “control” (including “controlled by<\/span>” and “under common control with<\/span>”) shall mean the power, directly or indirectly, to direct or cause the direction of the management and policies of such person whether through ownership or voting securities or by contract<\/span> or otherwise.\n\t\t\t“Capital investment<\/span>” means an investment in real property, tangible personal property, or both, within the Commonwealth that is capitalized.\n\t\t\t“Eligible county<\/span>” means Prince George County.\n\t\t\t“Grant<\/span>” means the aerospace engine manufacturing performance grant<\/span> as described in this section.\n\t\t\t“Manufacture of aerospace engines<\/span>” means (i) the manufacture or assembly and test of aircraft engines and engine parts; (ii) the design or development of aircraft engines and engine parts; or (iii) the manufacturing activities of a private company described under 2007 index number 336412 of the North American Industry Classification System.\n\t\t\t“Memorandum of understanding<\/span>” means a performance agreement entered into accordance with a memorandum of understanding<\/span> entered into on November 20, 2007, among a qualified manufacturer<\/span>, the Commonwealth, and others setting forth the requirements for capital investment<\/span> and the creation of new full-time jobs<\/span> that will make the qualified manufacturer<\/span> eligible for a grant<\/span> under this section.\n\t\t\t“New full-time job<\/span>” means employment of an indefinite duration in an eligible county<\/span>, created as the direct result of new capital investment<\/span>, for which the average annual wage is at least equal to the prevailing average annual wage in an eligible county<\/span> and for which the standard fringe benefits are paid by the qualified manufacturer<\/span>, requiring a minimum of either (i) 35 hours of an employee’s time per week for the entire normal year<\/span> of such manufacturer’s operations, which “normal year<\/span>” must consist of at least 48 weeks or (ii) 1,680 hours per year. Seasonal or temporary positions, and positions created when a job function is shifted from an existing location in the Commonwealth shall not qualify as new full-time jobs<\/span> under this section. Other positions, which may or may not be of indefinite duration, including supplemental employees of affiliates<\/span>, subsidiaries, joint ventures, contractors, or subcontractors may be considered new full-time jobs<\/span>, if so designated in the memorandum of understanding<\/span> between such manufacturer, the Commonwealth, and others as such memorandum of understanding<\/span> was in effect on November 20, 2007.\n\t\t\t“Qualified manufacturer<\/span>” means a manufacturer that (i) is expected to make a capital investment<\/span> of at least $500 million by June 30, 2023, in an eligible county<\/span> related to the manufacture of aerospace engines<\/span> and (ii) is expected to create at least 540 jobs in an eligible county<\/span> for the manufacture of aerospace engines<\/span> or activities ancillary or supportive of such manufacture.\n\t\t\t“Secretary<\/span>” means the Secretary<\/span> of Commerce and Trade or his designee. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Any qualified manufacturer<\/span> that, after July 1, 2008, first begins operations in an eligible county<\/span> shall be eligible to receive a grant<\/span> each fiscal year beginning with the Commonwealth’s fiscal year starting on July 1, 2013, and ending with the Commonwealth’s fiscal year starting on July 1, 2022, unless such time frame is extended in accordance with subsection E. The grants<\/span> under this section (i) shall be paid, subject to appropriation by the General Assembly, from a fund entitled the Aerospace Engine Manufacturing Performance Grant<\/span> Fund, which Fund is hereby established on the books of the Comptroller, (ii) shall not exceed $35 million in the aggregate, and (iii) shall be paid to the qualified manufacturer<\/span> during each fiscal year contingent upon the qualified manufacturer<\/span> meeting the requirements for the aggregate (a) number of new full-time jobs<\/span> created and the substantial retention of the same and (b) amount of the capital investment<\/span> made and substantially retained as set forth in the memorandum of understanding<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> If grants<\/span> to be paid to qualified manufacturers<\/span> under this section in a fiscal year exceed the aggregate amount available in the Aerospace Engine Manufacturing Performance Grant<\/span> Fund for that year, each qualified manufacturer<\/span>’s grants<\/span> for the year shall equal the amount of grants<\/span> to which the qualified manufacturer<\/span> would otherwise be eligible multiplied by a fraction. The numerator of the fraction shall equal the aggregate amount available for payment from the Aerospace Engine Manufacturing Performance Grant<\/span> Fund for that fiscal year, and the denominator shall equal the aggregate dollar amount of grants<\/span> to which all qualified manufacturers<\/span> otherwise would be eligible for such fiscal year.\n\t\t\tThe aggregate amount of the grants<\/span> payable under this section shall be subject to the following requirements and limitations: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Grants<\/span> shall be awarded after July 1, 2013, and before July 1, 2023, unless such time frame is extended in accordance with subsection E. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The amount of the grant<\/span> to be paid in each fiscal year shall be conditional upon the qualified manufacturer<\/span> meeting the requirements for the (i) aggregate number of new full-time jobs<\/span> created and the substantial retention of the same throughout the calendar year that immediately precedes the end of such fiscal year, and (ii) aggregate amount of the capital investment<\/span> made and substantially retained as of the last day of the calendar year that immediately precedes the end of such fiscal year as set forth in the memorandum of understanding<\/span> entered into on November 20, 2007. Grants<\/span> shall be paid based upon such requirements as agreed to on November 20, 2007, regardless if such memorandum of understanding<\/span> is later modified, amended, superseded, or otherwise changed. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The aggregate amount of grants<\/span> that may be awarded in a particular fiscal year shall not exceed the following:\n\t\t\t\ta. $5.5 million for the Commonwealth’s fiscal year beginning July 1, 2013;\n\t\t\t\tb. $11 million, less the total amount of grants<\/span> previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2014;\n\t\t\t\tc. $14 million, less the total amount of grants<\/span> previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2015;\n\t\t\t\td. $17 million, less the total amount of grants<\/span> previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2016;\n\t\t\t\te. $20 million, less the total amount of grants<\/span> previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2017;\n\t\t\t\tf. $23 million, less the total amount of grants<\/span> previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2018;\n\t\t\t\tg. $26 million, less the total amount of grants<\/span> previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2019;\n\t\t\t\th. $29 million, less the total amount of grants<\/span> previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2020;\n\t\t\t\ti. $32 million, less the total amount of grants<\/span> previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2021; and\n\t\t\t\tj. $35 million, less the total amount of grants<\/span> previously awarded pursuant to this subsection, for the Commonwealth’s fiscal year beginning July 1, 2022. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Grants<\/span> provided by this section shall not exceed $35 million in the aggregate. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> Any qualified manufacturer<\/span> applying for a grant<\/span> under this section shall provide evidence<\/span>, satisfactory to the Secretary<\/span>, of (i) the aggregate number of new full-time jobs<\/span> created and the substantial retention of the same throughout the calendar year that immediately precedes the end of the fiscal year in which the grant<\/span> is to be paid, and (ii) the aggregate amount of the capital investment<\/span> made and substantially retained as of the last day of the calendar year that immediately precedes the end of the fiscal year in which the grant<\/span> is to be paid. The application and evidence<\/span> shall be filed with the Secretary<\/span> in person or by mail no later than April 1 each year following the calendar year in which the qualified manufacturer<\/span> meets such aggregate new full-time job<\/span> requirements and aggregate capital investment<\/span>. Failure to meet the filing deadline shall result in a deferral of a scheduled grant<\/span> payment set forth in subsection C. For filings by mail, the postmark cancellation shall govern the date of the filing determination. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> The memorandum of understanding<\/span> may provide that if a grant<\/span> payment has been deferred for any reason, including the initial failure to meet the aggregate capital investment<\/span> and the aggregate new full-time job<\/span> requirements set forth in the memorandum of understanding<\/span> or the occurrence of any substantial reduction in such new full-time job<\/span> requirements or capital investment<\/span> requirements after such requirements have been met but before the grant<\/span> payment has been made, payment in a subsequent fiscal year for which such requirements have been met for the immediately preceding calendar year shall include both the deferred payment and the scheduled grant<\/span> payment as provided in subsection C. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

F.<\/span> Within 30 days after the filing deadline in subsection D, the Secretary<\/span> shall certify to (i) the Comptroller and (ii) each qualified manufacturer<\/span> the amount of the grant<\/span> to which such qualified manufacturer<\/span> is entitled under this section for payment in the current fiscal year. Payment of such grant<\/span> shall be made by check issued by the Treasurer of Virginia on warrant of the Comptroller by June 30 of such fiscal year. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

G.<\/span> As a condition of receipt of a grant<\/span>, a qualified manufacturer<\/span> shall make available to the Secretary<\/span> or his designee for inspection upon his request all relevant and applicable documents to determine whether the qualified manufacturer<\/span> has met the requirements for the receipt of grants<\/span> as set forth in this section and subject to the memorandum of understanding<\/span>. The Comptroller shall not draw any warrants to issue<\/span> checks for the grant<\/span> program under this section without a specific appropriation for the same. All such documents appropriately identified by the qualified manufacturer<\/span> shall be considered confidential and proprietary. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAEROSPACE ENGINE MANUFACTURING PERFORMANCE GRANT PROGRAM; ELIGIBLE COUNTY (\u00a7\n59.1-284.20)\n\nA. As used in this section:\n\t\t\t“Affiliate” means with respect to any person, any other person\ndirectly or indirectly controlling, controlled by, or under common control with\nsuch person. For purposes of this definition, “control” (including\n“controlled by” and “under common control with”) shall\nmean the power, directly or indirectly, to direct or cause the direction of the\nmanagement and policies of such person whether through ownership or voting\nsecurities or by contract or otherwise.\n\t\t\t“Capital investment” means an investment in real property,\ntangible personal property, or both, within the Commonwealth that is\ncapitalized.\n\t\t\t“Eligible county” means Prince George County.\n\t\t\t“Grant” means the aerospace engine manufacturing performance\ngrant as described in this section.\n\t\t\t“Manufacture of aerospace engines” means (i) the manufacture or\nassembly and test of aircraft engines and engine parts; (ii) the design or\ndevelopment of aircraft engines and engine parts; or (iii) the manufacturing\nactivities of a private company described under 2007 index number 336412 of the\nNorth American Industry Classification System.\n\t\t\t“Memorandum of understanding” means a performance agreement\nentered into accordance with a memorandum of understanding entered into on\nNovember 20, 2007, among a qualified manufacturer, the Commonwealth, and others\nsetting forth the requirements for capital investment and the creation of new\nfull-time jobs that will make the qualified manufacturer eligible for a grant\nunder this section.\n\t\t\t“New full-time job” means employment of an indefinite duration in\nan eligible county, created as the direct result of new capital investment, for\nwhich the average annual wage is at least equal to the prevailing average annual\nwage in an eligible county and for which the standard fringe benefits are paid\nby the qualified manufacturer, requiring a minimum of either (i) 35 hours of an\nemployee’s time per week for the entire normal year of such\nmanufacturer’s operations, which “normal year” must consist of\nat least 48 weeks or (ii) 1,680 hours per year. Seasonal or temporary positions,\nand positions created when a job function is shifted from an existing location\nin the Commonwealth shall not qualify as new full-time jobs under this section.\nOther positions, which may or may not be of indefinite duration, including\nsupplemental employees of affiliates, subsidiaries, joint ventures, contractors,\nor subcontractors may be considered new full-time jobs, if so designated in the\nmemorandum of understanding between such manufacturer, the Commonwealth, and\nothers as such memorandum of understanding was in effect on November 20, 2007.\n\t\t\t“Qualified manufacturer” means a manufacturer that (i) is\nexpected to make a capital investment of at least $500 million by June 30, 2023,\nin an eligible county related to the manufacture of aerospace engines and (ii)\nis expected to create at least 540 jobs in an eligible county for the\nmanufacture of aerospace engines or activities ancillary or supportive of such\nmanufacture.\n\t\t\t“Secretary” means the Secretary of Commerce and Trade or his\ndesignee.\n\nB. Any qualified manufacturer that, after July 1, 2008, first begins operations\nin an eligible county shall be eligible to receive a grant each fiscal year\nbeginning with the Commonwealth’s fiscal year starting on July 1, 2013,\nand ending with the Commonwealth’s fiscal year starting on July 1, 2022,\nunless such time frame is extended in accordance with subsection E. The grants\nunder this section (i) shall be paid, subject to appropriation by the General\nAssembly, from a fund entitled the Aerospace Engine Manufacturing Performance\nGrant Fund, which Fund is hereby established on the books of the Comptroller,\n(ii) shall not exceed $35 million in the aggregate, and (iii) shall be paid to\nthe qualified manufacturer during each fiscal year contingent upon the qualified\nmanufacturer meeting the requirements for the aggregate (a) number of new\nfull-time jobs created and the substantial retention of the same and (b) amount\nof the capital investment made and substantially retained as set forth in the\nmemorandum of understanding.\n\nC. If grants to be paid to qualified manufacturers under this section in a\nfiscal year exceed the aggregate amount available in the Aerospace Engine\nManufacturing Performance Grant Fund for that year, each qualified\nmanufacturer’s grants for the year shall equal the amount of grants to\nwhich the qualified manufacturer would otherwise be eligible multiplied by a\nfraction. The numerator of the fraction shall equal the aggregate amount\navailable for payment from the Aerospace Engine Manufacturing Performance Grant\nFund for that fiscal year, and the denominator shall equal the aggregate dollar\namount of grants to which all qualified manufacturers otherwise would be\neligible for such fiscal year.\n\t\t\tThe aggregate amount of the grants payable under this section shall be\nsubject to the following requirements and limitations:\n\n 1. Grants shall be awarded after July 1, 2013, and before July 1, 2023, unless\n such time frame is extended in accordance with subsection E.\n\n 2. The amount of the grant to be paid in each fiscal year shall be conditional\n upon the qualified manufacturer meeting the requirements for the (i) aggregate\n number of new full-time jobs created and the substantial retention of the same\n throughout the calendar year that immediately precedes the end of such fiscal\n year, and (ii) aggregate amount of the capital investment made and\n substantially retained as of the last day of the calendar year that\n immediately precedes the end of such fiscal year as set forth in the\n memorandum of understanding entered into on November 20, 2007. Grants shall be\n paid based upon such requirements as agreed to on November 20, 2007,\n regardless if such memorandum of understanding is later modified, amended,\n superseded, or otherwise changed.\n\n 3. The aggregate amount of grants that may be awarded in a particular fiscal\n year shall not exceed the following:\n \t\t\t\ta. $5.5 million for the Commonwealth’s fiscal year beginning July 1,\n 2013;\n \t\t\t\tb. $11 million, less the total amount of grants previously awarded\n pursuant to this subsection, for the Commonwealth’s fiscal year\n beginning July 1, 2014;\n \t\t\t\tc. $14 million, less the total amount of grants previously awarded\n pursuant to this subsection, for the Commonwealth’s fiscal year\n beginning July 1, 2015;\n \t\t\t\td. $17 million, less the total amount of grants previously awarded\n pursuant to this subsection, for the Commonwealth’s fiscal year\n beginning July 1, 2016;\n \t\t\t\te. $20 million, less the total amount of grants previously awarded\n pursuant to this subsection, for the Commonwealth’s fiscal year\n beginning July 1, 2017;\n \t\t\t\tf. $23 million, less the total amount of grants previously awarded\n pursuant to this subsection, for the Commonwealth’s fiscal year\n beginning July 1, 2018;\n \t\t\t\tg. $26 million, less the total amount of grants previously awarded\n pursuant to this subsection, for the Commonwealth’s fiscal year\n beginning July 1, 2019;\n \t\t\t\th. $29 million, less the total amount of grants previously awarded\n pursuant to this subsection, for the Commonwealth’s fiscal year\n beginning July 1, 2020;\n \t\t\t\ti. $32 million, less the total amount of grants previously awarded\n pursuant to this subsection, for the Commonwealth’s fiscal year\n beginning July 1, 2021; and\n \t\t\t\tj. $35 million, less the total amount of grants previously awarded\n pursuant to this subsection, for the Commonwealth’s fiscal year\n beginning July 1, 2022.\n\n 4. Grants provided by this section shall not exceed $35 million in the\n aggregate.\n\nD. Any qualified manufacturer applying for a grant under this section shall\nprovide evidence, satisfactory to the Secretary, of (i) the aggregate number of\nnew full-time jobs created and the substantial retention of the same throughout\nthe calendar year that immediately precedes the end of the fiscal year in which\nthe grant is to be paid, and (ii) the aggregate amount of the capital investment\nmade and substantially retained as of the last day of the calendar year that\nimmediately precedes the end of the fiscal year in which the grant is to be\npaid. The application and evidence shall be filed with the Secretary in person\nor by mail no later than April 1 each year following the calendar year in which\nthe qualified manufacturer meets such aggregate new full-time job requirements\nand aggregate capital investment. Failure to meet the filing deadline shall\nresult in a deferral of a scheduled grant payment set forth in subsection C. For\nfilings by mail, the postmark cancellation shall govern the date of the filing\ndetermination.\n\nE. The memorandum of understanding may provide that if a grant payment has been\ndeferred for any reason, including the initial failure to meet the aggregate\ncapital investment and the aggregate new full-time job requirements set forth in\nthe memorandum of understanding or the occurrence of any substantial reduction\nin such new full-time job requirements or capital investment requirements after\nsuch requirements have been met but before the grant payment has been made,\npayment in a subsequent fiscal year for which such requirements have been met\nfor the immediately preceding calendar year shall include both the deferred\npayment and the scheduled grant payment as provided in subsection C.\n\nF. Within 30 days after the filing deadline in subsection D, the Secretary shall\ncertify to (i) the Comptroller and (ii) each qualified manufacturer the amount\nof the grant to which such qualified manufacturer is entitled under this section\nfor payment in the current fiscal year. Payment of such grant shall be made by\ncheck issued by the Treasurer of Virginia on warrant of the Comptroller by June\n30 of such fiscal year.\n\nG. As a condition of receipt of a grant, a qualified manufacturer shall make\navailable to the Secretary or his designee for inspection upon his request all\nrelevant and applicable documents to determine whether the qualified\nmanufacturer has met the requirements for the receipt of grants as set forth in\nthis section and subject to the memorandum of understanding. The Comptroller\nshall not draw any warrants to issue checks for the grant program under this\nsection without a specific appropriation for the same. All such documents\nappropriately identified by the qualified manufacturer shall be considered\nconfidential and proprietary.\n\nHISTORY: 2008, cc. 256, 630.","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}}