                                 CODE OF VIRGINIA

VIRGINIA NEW JOBS PROGRAM (§ 2.2-2240.4)

A. The Authority shall develop as a component of the Virginia Jobs Investment
Program the Virginia New Jobs Program to support the expansion of existing
Virginia companies and new facility locations involving competition with other
states or countries.

B. In addition to the requirements of subsection D of &#xA7; 2.2-2240.3
regarding company eligibility, to be eligible for assistance, an expansion of an
existing company or a new company location shall (i) create a minimum of 25 net
new jobs for full-time employees, (ii) make a capital investment of at least $1
million, and (iii) include Virginia in a current competition for the location of
the project with at least one other state or country.
			The 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.

HISTORY: 2014, cc. 41, 464.