summary
Introduced
01/12/2022
01/12/2022
In Committee
02/23/2022
02/23/2022
Crossed Over
03/02/2022
03/02/2022
Passed
03/07/2022
03/07/2022
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 that is subject to performance targets for jobs and capital investment on or before January 1, 2027, unless an extension of no more than two years is agreed upon.
AI Summary
This bill 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. Companies must enter into a memorandum of understanding with the Virginia Economic Development Partnership to create at least 2,464 new jobs that pay at least $37,321 annually and make a capital investment of at least $714.1 million in the Commonwealth by January 1, 2027, or an agreed-upon extension of no more than two years. The companies must provide annual reports on job creation, payroll, and capital investment to receive the funding.
Committee Categories
Budget and Finance, Business and Industry, Health and Social Services
Sponsors (1)
Last Action
Governor: Acts of Assembly Chapter text (CHAP0731) (on 04/27/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
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