2021 Special Session I

Budget Amendments - HB1800 (Conference Report)

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MEI Commission (language only)

Item 112 #3c

Item 112 #3c

Commerce and Trade
Economic Development Incentive Payments


Page 107, after line 47, insert:

"O. Notwithstanding any provisions of § 30-310, Code of Virginia, the MEI Commission shall only be required to review economic development incentive packages in which a business relocates or expands its operations in one or more Virginia localities and simultaneously closes its operations or substantially reduces the number of its employees in another Virginia locality that exceed $250,000 in aggregate incentive investments."


(This amendment allows the Virginia Economic Development Partnership to authorize incentive packages that involve the in-state re-location of employers under $250,000 without the approval of the MEI Commission.)