(January 27, 2010)-- Delegate Barbara Comstock joined Governor McDonnell and a
bipartisan group of legislators on Tuesday to discuss the Governor’s jobs and
opportunity agenda that will promote economic growth and increase jobs for
Comstock released the following statement following the press conference with
an honor to stand with Governor Bob McDonnell, and leaders such as Jim Cheng,
our new Secretary of Commerce and Trade and a McLean resident, in support of
this much needed job creating legislation. We are all committed to promoting an
environment in which businesses can thrive and we can unleash the
entrepreneurial spirit of Northern Virginia.”
went on to say, “These are tough times for families and businesses in Virginia
and I’m committed to working with our Governor to promote job growth and make
sure that Northern Virginia remains the economic engine of our state and one of
the top places to do business in the country. At a time when businesses across
the country fear massive new taxes and massive new regulations from Washington
D.C. and are hesitant to invest, I’m proud that Virginia is leading the way in
encouraging entrepreneurs and unleashing our private sector to lead us out of
these troubled economic times.
The two bills Comstock is taking a leading role in
as part of the Jobs and Opportunities Agenda are:
Virginia Small Business Investment Credit to provide for the creation of
private investment funds (up to $100 million) that will invest in small businesses
located in Virginia.
A bill to change the title of the Executive Director of the Virginia Economic
Development Partnership to the Chief Executive Officer in order to enhance
their role in negotiating with businesses and bringing jobs to Virginia.
Other legislation in the “jobs and
opportunity agenda” which Delegate Comstock will be supporting and will be
particularly helpful to Northern Virginia includes:
HB 523 –
A bill to grant an income tax exemption for any gain taxed as a capital gain
for federal income tax purposes, on or after January 1, 2010, that is related
to a qualified investment of a technology and science start-up business made in
the first three years in which the business was founded.
the Specialized Biotechnology Research Performance Grant Program which will
assist Inova’s “Ignite Institute”. Delegate Joe May and Senator Janet Howell are Northern Virginia leaders
on this legislation.
and HB 900 – Bills to dedicate royalties from offshore drilling to the
transportation trust fund.