SB 611 VA

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Introduced

Economic development incentives; wage requirements. Requires companies to pay an average wage for the jobs eligible for assistance under the component programs of the Virginia Jobs Investment Program that is no less than the prevailing average wage, defined in the bill, or, in the case of an economically distressed locality, defined in the bill, no less than 85 percent of the prevailing average wage. Under current law, to be eligible for the component programs, companies must pay a minimum entry-level wage rate per hour of at least 1.2 times the federal minimum wage or the Virginia minimum wage, whichever is higher, and in areas that have an unemployment rate of 1.5 times the statewide average unemployment rate, the wage rate minimum may be waived.The bill also authorizes the payment of Virginia Investment Performance Grants if the average wage paid by the eligible manufacturer or research and development service, excluding fringe benefits, is no less than 85 percent of the prevailing average wage in localities with either (i) an annual unemployment rate for the most recent calendar year for which such data is available that is greater than the final statewide average unemployment rate for that calendar year or (ii) a poverty rate for the most recent calendar year for which such data is available that exceeds the statewide average poverty rate for that year. Under current law, such authorization is limited to those localities meeting both the unemployment rate and poverty rate thresholds.

• R. Creigh Deeds Democratic · primary

1. Jan 14, 2026 Prefiled and ordered printed; Offered 01-14-2026 26102880D · upper
2. Jan 14, 2026 Referred to Committee on Finance and Appropriations · upper
3. Jan 21, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB611) · upper
4. Jan 21, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB611) · upper
5. Jan 21, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB611) · upper
6. Feb 3, 2026 Continued to next session in Finance and Appropriations (15-Y 0-N) · upper

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Introduced · PDF
• Introduced · HTML