| • |
| Expand the Virginia Business Ready Sites Program |
Decision Package |
|
| |
Increases funding for the Virginia Business Ready Sites Program, bringing the total to $70.0 million the second year. |
| |
| |
FY 2025 |
FY 2026 |
| General Fund |
$0 |
$50,000,000 |
|
| • |
| Shift funding for the inland port to the first year |
Decision Package |
|
| |
Transfers appropriation provided for the development of an inland port in the Mount Rogers Planning District from the second year to the first year. |
| |
| |
FY 2025 |
FY 2026 |
| General Fund |
$2,500,000 |
($2,500,000) |
|
| • |
| Reauthorize funding associated with an economic development project in Wythe County |
Decision Package |
|
| |
Provides funding to reimburse infrastructure costs incurred by Wythe County as of June 30, 2024, per the Commonwealth's commitment to the project. |
| |
| |
FY 2025 |
FY 2026 |
| General Fund |
$3,895,682 |
$0 |
|
| • |
| Authorize appropriation for a new economic development initiative |
Decision Package |
|
| |
Provides appropriation for an anticipated incentive payment for a project approved by the Major Employment and Investment Commission contingent on legislation to be considered by the 2025 General Assembly. |
| |
| |
FY 2025 |
FY 2026 |
| General Fund |
$0 |
$1,400,000 |
|
| • |
| Reduce the Virginia Investment Performance Grant appropriation and provide payment flexibility |
Decision Package |
|
| |
Updates appropriation for the Virginia Investment Performance Grant based on anticipated distributions and adds language to clarify that any excess funds remaining in the Fund from prior years for projects previously approved shall be appropriated for expenditure in subsequent years. |
| |
| |
FY 2025 |
FY 2026 |
| General Fund |
($390,000) |
($403,600) |
|
| • |
| Update the Virginia Economic Development Incentive Grant Program appropriation schedule |
Decision Package |
|
| |
Adjusts appropriation provided for the Virginia Economic Development Incentive Grant based on updated incentive payment schedules. |
| |
| |
FY 2025 |
FY 2026 |
| General Fund |
$30,000 |
($300,000) |
|
| • |
| Clarify the use of proceeds from the sale of the Central Virginia Training Center |
Decision Package |
|
| |
Adds Appropriation Act language to provide the Department of General Services with flexibility to demolish derelict structures, perform remediation, and market the sale of the Central Virginia Training Center property in Madison Heights, Virginia. The language stipulates that proceeds from the sale of the property shall be deposited in the Behavioral Health and Developmental Services Trust Fund. |
