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Virginia Economic Development Partnership Authority; Division of Incentives; due diligence for major projects. Requires the due diligence review performed by the Division of Incentives at the Virginia Economic Development Partnership Authority for proposed economic development projects to include whether and to what extent the business involved has executed a labor peace agreement, as defined in the bill, with its employees if the project is a major one for which (i) incentives require a change to the law, (ii) incentives involve cash payments in excess of $3.5 million prior to any performance, or (iii) the aggregate amount of state incentives exceeds $10 million in value.
Introduced
Jan 14, 2026
Last Action
Feb 18, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Left in Labor and Commerce
Subcommittee recommends striking from the docket (7-Y 0-N)
Assigned HCL sub: Subcommittee #2
Fiscal Impact Statement from Department of Planning and Budget (HB1033)
Prefiled and ordered printed; Offered 01-14-2026 26103682D
Referred to Committee on Labor and Commerce
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Left in Labor and Commerce
Kathy K.L. Tran