2009 Session

Budget Amendments - SB850 (Conference Report)

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Provide Supplemental Training Funding (language only)

Item 105 #1c

Item 105 #1c

Commerce And Trade
Commerce and Trade, Secretary of

Page 101, after line 23, insert:
"6.  Out of the amounts in this item, up to $1,500,000 the second year from the general fund may be provided to offset training expenses for a major automotive employer operating a diesel assembly and test facility in the City of Newport News, contingent upon such employer entering into a performance agreement with the Virginia Economic Development Partnership describing the employer’s commitments regarding job creation and retention.  The funds shall be administered in a manner similar to existing training grant programs permitted under § 2.2-902, Code of Virginia.  The major automotive employer shall certify to the Secretary of Commerce and Trade that it has retained at least 500 jobs in the Commonwealth and has taken actions to increase employment by at least 250 new full-time jobs in the Commonwealth."

(This amendment would allow up to $1.5 million from the Governor's Development Opportunity Fund to be used for training funding as an incentive for the location of an automotive supplier, Continental AG, to the Commonwealth. On December 15, 2008, the governor announced that Continental AG, a global automotive supplier, will consolidate its diesel and gasoline fuel injector manufacturing operations at its Newport News facility. As part of the relocation of its diesel fuel injector manufacturing operations to the Commonwealth and the expansion of the existing gasoline fuel injector business line, Continental AG will create 318 new jobs and invest $194.0 million.)