summary
Introduced
01/10/2022
01/10/2022
In Committee
02/22/2022
02/22/2022
Crossed Over
02/03/2022
02/03/2022
Passed
02/28/2022
02/28/2022
Dead
Signed/Enacted/Adopted
04/27/2022
04/27/2022
Introduced Session
2022 Regular Session
Bill Summary
Nitrile Glove Manufacturing Training Program; established. Establishes the Nitrile Glove Manufacturing Training Program, a funding program of up to $4,601,000 for the Virginia Economic Development Partnership, through the Virginia Talent Accelerator Program, to support the recruitment and training needs of nitrile glove manufacturing companies located in the Mount Rogers Planning District. The bill also requires companies eligible for such funding to enter into a memorandum of understanding with the Virginia Economic Development Partnership subject to terms described in the bill. Nitrile Glove Manufacturing Training Program; established. Establishes the Nitrile Glove Manufacturing Training Program, a funding program of up to $4,601,000 for the Virginia Economic Development Partnership, through the Virginia Talent Accelerator Program, to support the recruitment and training needs of nitrile glove manufacturing companies located in the Mount Rogers Planning District. The bill also requires companies eligible for such funding to enter into a memorandum of understanding with the Virginia Economic Development Partnership subject to terms described in the bill.
AI Summary
This bill establishes the Nitrile Glove Manufacturing Training Program, a $4.6 million funding program administered by the Virginia Economic Development Partnership through the Virginia Talent Accelerator Program. The program supports the recruitment and training needs of nitrile glove manufacturing companies located in the Mount Rogers Planning District. To be eligible for the funding, companies must enter into a memorandum of understanding with the Virginia Economic Development Partnership to create at least 2,464 new jobs paying at least $37,321 per year and make a capital investment of at least $714.1 million in the Commonwealth by January 1, 2027 (with a possible two-year extension). Companies receiving the funding must annually report on the new jobs created and maintained, as well as the capital investment made, and may be required to repay a portion of the funding if they fail to meet the agreed-upon targets.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Governor: Acts of Assembly Chapter text (CHAP0746) (on 04/27/2022)
Official Document
bill text
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