2000 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Armstrong
Co-Patron(s): Day
Martinsville Small Business Program

Item 103 #5h

Item 103 #5h

First Year - FY2001 Second Year - FY2002
Commerce And Trade
Business Assistance, Department of FY2001 $700,000 FY2002 $0 GF

Page 66, line 26, strike "$22,518,960" and insert "$23,218,960".
Page 66, line 48, strike "C" and insert "C.1.".
Page 67, after line 22, insert:
"2.  Out of the amounts for Industrial Development Services shall be provided $700,000 the first year from the general fund to the Martinsville Industrial Development Authority to establish and house a small business incubator program."

(This amendment provides a $700,000 grant to the Martinsville IDA to purchase a building to house a small business incubator program. The amendment is a recommendation of the Virginia Tech Economic Development Assistance Center.)