Bill Text: VA SB28 | 2015 | Regular Session | Prefiled

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Bill Title: Virginia Economic Development Partnership Authority; export of Virginia products and services.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2014-12-04 - Left in Finance [SB28 Detail]

Download: Virginia-2015-SB28-Prefiled.html

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14100858D
SENATE BILL NO. 28 Offered January 8, 2014 Prefiled December 12, 2013 A BILL to amend and reenact §2.2-2238 of the Code of Virginia, relating to the Virginia Economic Development Partnership Authority; export assistance. ---------- Patron-- Stanley ---------- Referred to Committee on General Laws and Technology ----------

Be it enacted by the General Assembly of Virginia:

1.  That  §2.2-2238 of the Code of Virginia is amended and reenacted as follows:

§2.2-2238. Economic development services.

A. It shall be the duty of the Authority to encourage, stimulate, and support the development and expansion of the economy of the Commonwealth. The Authority is charged with the following duties and responsibilities to:

1. See that there are prepared and carried out effective economic development marketing and promotional programs;

2. Make available, in conjunction and cooperation with localities, chambers of commerce, industrial authorities, and other public and private groups, to prospective new businesses basic information and pertinent factors of interest and concern to such businesses;

3. Formulate, promulgate, and advance programs throughout the Commonwealth for encouraging the location of new businesses in the Commonwealth and the retention and growth of existing businesses;

4. Encourage and solicit private sector involvement, support, and funding for economic development in the Commonwealth;

5. Encourage the coordination of the economic development efforts of public institutions, regions, communities, and private industry and collect and maintain data on the development and utilization of economic development capabilities;

6. Establish such offices within and without the Commonwealth that are necessary to the expansion and development of industries and trade;

7. Encourage the export of products and services from the Commonwealth to international markets, including undertaking such activities as the Authority deems appropriate to provide bridge loans and shipment insurance for Virginia exporters;

8. Advise, upon request, the State Board for Community Colleges in designating technical training programs in Virginia's comprehensive community colleges for the Community College Incentive Scholarship Program pursuant to §23-220.4; and

9. Offer a program for the issuance of export documentation for companies located in Virginia exporting goods and services if no federal agency or other regulatory body or issuing entity will provide export documentation in a form deemed necessary for international commerce.

B. The Authority shall prepare a specific plan annually that shall serve as the basis for marketing high unemployment areas of Virginia. This plan shall be submitted to the Governor and General Assembly annually on or before November 1 of each year. The report shall contain the plan and activities conducted by the Authority to market these high unemployment areas. The annual report shall be part of the report required by §2.2-2242.