SB611
Economic development incentives; wage requirements.
Status:
In Senate
Latest Action:
Jan. 21, 2026
Senate: Fiscal Impact Statement from Department of Planning and Budget (SB611)
Chief Patron:
Creigh Deeds (D)
Session:
2026 Regular Session
Summary
As 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 ... (More) 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. (Less)-
Bill History
- 01/14/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26102880D
- 01/14/2026 - Senate: Referred to Committee on Finance and Appropriations
- 01/21/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB611)
- 01/21/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB611)
- 01/21/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB611)
