2015 Session

Budget Amendments - SB800 (Conference Report)

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Employment Grants for Veterans

Item 461 #1c

Item 461 #1c

First Year - FY2015 Second Year - FY2016
Veterans Affairs and Homeland Security
Department of Veterans Services FY2015 $0 FY2016 $500,000 GF

Page 423, line 42, strike "$11,297,591" and insert "$11,797,591".
Page 424, after line 43, insert:
"H. 1. Out of this appropriation, up to $500,000 from the general fund the second year shall be provided to address the costs associated with support of a grant program to create employment opportunities for veterans by assisting Virginia employers in hiring and retaining veterans.  The Department of Veterans Services shall develop program guidelines to ensure that the funding mechanism effectively attracts maximum participation of firms to increase the number of veterans hired.  
2.  Such funds shall be used to provide grants beginning July 1, 2015, to any business located in Virginia with 300 or fewer employees which has hired a veteran on or after July 1, 2014, with the following additional requirements: (a) each such veteran shall have been hired within one year of the date of his or her discharge from active military service; (b) each such veteran shall have been continuously employed by the business in a full-time job for at least one year; and (c) each such veteran shall have been paid at least the prevailing average wage of the jurisdiction in which the job is located.  The grant shall equal $1,000 per qualifying business for each veteran who has been hired, and who qualifies under the provisions of this item, up to a maximum grant of $10,000 per business in the fiscal year.
3.  Grants shall be issued in the order that each completed eligible application is received. In the event that the amount of eligible grants requested in a fiscal year exceeds the funds available in the Fund, such grants shall be paid in the next fiscal year in which funds are available.
4.  The Department shall report no later than October 1 of each fiscal year after the program is implemented on the demand for the program, and any shortage of funding resulting from requests in excess of the available appropriation."

(This amendment provides funding to establish a new grant program to provide incentives for Virginia businesses to hire military veterans. The program would provide grants of up to $1,000 per qualifying Virginia business for each veteran it hires, up to a maximum annual grant of $10,000 per business per fiscal year.)