Virginia Investment Performance (VIP) and Major Eligible Employer (MEE) Grants, First Quarter of 2023

Summary

A June 2, 2023 letter from Caren Merrick to the co-chairs of the Senate Finance and Appropriations Committee and the chairs of the House Appropriations Committee and the House Finance Committee. It reports on the Virginia Investment Performance (VIP) and Major Eligible Employer (MEE) grants awarded during the first quarter of the 2023 calendar year, as required by § 2.2-5103 of the Code of Virginia. The letter states that no VIP grants and no MEE grants were awarded in the quarter ending March 31, 2023. It states that disbursements from the VIP were made to San-J, McKee Foods, Volvo, Abbott Laboratories and Printpack, and that the VIP legislative cap has been reached.

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Full text

                                   COMMONWEALTH of VIRGINIA
                                                   Office of the Governor
Caren DcWm Merrick
Secrcrnry of C,,mmcrcc ,m,l TmJc

                                                           June 2, 2023



          The Honorable Janet D. Howell                                The Honorable George L. Barker
          Co-Chair                                                     Co-Chair
          Senate Finance and Appropriations Committee                  Senate Finance and Appropriations Committee
          P.O. Box 2608                                                P.O. Box 10527
          Reston, Virginia 20195                                       Alexandria, Virginia 22310

          The Honorable Barry D. Knight                                The Honorable Roxann L. Robinson
          Chair                                                        Chair
          House Appropriations Committee                               House Finance Committee
          1852 Mill Landing Road                                       P .0. Box 4627
          Virginia Beach, Virginia 23457                               Midlothian, Virginia 23112

          Senator and Delegates:

                 I am writing to report on the Virginia Investment Performance (VIP) and Major Eligible
          Employer (MEE) grants that were awarded during the first quarter of the 2023 calendar year as
          required by § 2.2-5103(0) of the Code of Virginia.

               In the first quarter, ending March 31, 2023, no VIP grants were awarded. Additionally,
          no MEE grants were awarded in the first quarter of 2023.

          Virginia Investment Performance:

                     No VIP grants were awarded.

          Major Eligible Employer:

                     No MEE grants were awarded.




            Patnck Henry Building • 1111 East Broad Street • Richmond, Virginia 23219 • (804) 786-7831 • TTY: (800) 828-1120
Money Committee Chair
June 2, 2023
Page Two


       For the first quarter of the 2023 calendar year, disbursements from the VIP were made to
San-J, McKee Foods, Volvo, Abbott Laboratories, and Printpack.

       It should be noted that the VIP legislative cap has been reached and that no further VIP
grants may be offered at this time.

       Please let me know if you have any questions regarding this quarterly report of VIP and
MEE.

                                             Sincerely,


                                                   rtUv l1Mrw'rf-
                                             Caren Merrick

CM:kme

cc     Mr. Jason El Koubi
       President and Chief Executive Officer
       Virginia Economic Development Partnership


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