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2022 Special Session I

Budget Amendments - HB30 (Conference Report)

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Virginia Business Ready Sites Program

Item 125 #4c

Item 125 #4c

First Year - FY2023 Second Year - FY2024
Commerce and Trade
Virginia Economic Development Partnership FY2023 ($4,500,000) FY2024 ($4,500,000) GF

Language
Page 108, line 38, strike "$50,344,192" and insert "$45,844,192".
Page 108, line 38, strike "$53,844,192" and insert "$49,344,192".

Page 109, strike line 45 to line 47 and insert:

"K. Out of the amounts in this item, $1,062,500 the first year and $1,062,500 the second year from the general fund is provided for the Virginia Economic Development Partnership Authority to administer a comprehensive Virginia Business Ready Sites program. The funds in this paragraph may be used to administer the program established by Chapter 83 of the 2022 Acts of Assembly and characterize, inventory, develop, market and deploy economic sites in the Commonwealth, which includes business investment activities."



Explanation

(This amendment provides administrative funding for the Virginia Business Ready Sites program, which includes activities to attract business investment in economic development site locations in the Commonwealth.)