2013 Session

Budget Amendments - HB1500 (Committee Approved)

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Review of VJIP Uses (language only)

Item 104 #1h

Item 104 #1h

Commerce And Trade
Commerce and Trade, Secretary of

Page 82, after line 33, insert:
"C. The Secretary shall convene a working group which shall include the Director, Virginia Economic Development Partnership, the Director of the Department of Business Assistance, local economic development representatives, and representatives from Virginia's business community to determine whether the Virginia Jobs Investment Program Funds are best managed within the Department of Business Assistance or within the Virginia Economic Development Partnership or whether the separate sub-funds would be more effectively utilized by the two separate agencies whose missions focus on different sectors of the Commonwealth's business community.  The Secretary shall report to the Chairmen of the House Appropriations and Senate Finance Committees by October 30, 2013 on the findings of this examination, including any proposals to shift funds among the two entities, and any administrative impediments to such a proposal.  Such report shall also contain an accounting of how the funding has been distributed for the last four fiscal years by region, industry sector, size of company, size of grant and agency through whom the incentive request was generated."

(This amendment directs the Secretary of Commerce and Trade, in conjunction with the VEDP and DBA to review the uses of the sub-funds contained within the Virginia Jobs Investment Fund and report to the General Assembly on any proposal to shift portions of the funding to VEDP in order to better reflect uses of the funds, respectively, to recruit new businesses and to help small and existing businesses within the Commonwealth.)