Cloud Computing Cluster Infrastructure Grant Fund; performance agreement.
Continued from last session
Summary
The bill establishes the Cloud Computing Cluster Infrastructure Grant Fund to give cash grants to companies that build data‑center facilities in Virginia, invest at least $50 billion and create at least 1,500 full‑time jobs that pay 1.5 times the local prevailing wage. Local counties or cities must provide a matching contribution equal to at least twice the state grant amount, and companies must meet performance agreements and apply each year for payment. The program runs from fiscal year 2025 through fiscal year 2044.
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