Quarterly Report of VIP and MEE Grants — Caren Merrick (January 26, 2024)

Summary

This is a letter dated January 26, 2024 from the Office of the Governor, Caren DeWitt Merrick, Secretary of Commerce, to The Honorable L. Louise Lucas, Chair of the Senate Finance and Appropriations Committee, The Honorable Luke E. Torian, Chair of the House Appropriations Committee, and The Honorable Vivian E. Watts, Chair of the House Finance Committee. It reports on the Virginia Investment Performance (VIP) and Major Eligible Employer (MEE) grants awarded during the fourth quarter of the 2023 calendar year. It states that no VIP grants and no MEE grants were awarded in the quarter ending December 31, 2023, and no disbursements from the VIP were made. It adds that the VIP legislative cap has been reached and that no further VIP grants may be offered at this time.

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Full text

                                  COMMONWEALTH of VIRGINIA
                                                   Office of the Governor
Caren DeWitt Merrick
Secretary of Commerce anJ TraJc


                                                          January 26, 2024



          The Honorable L. Louise Lucas                                  The Honorable Luke E. Torian
          Chair                                                          Chair
          Senate Finance and Appropriations                              House Appropriations Committee
            Committee                                                    201 North Ninth Street
          P.O. Box 396                                                   General Assembly Building, Room 1223
          Richmond, Virginia 23218                                       Richmond, Virginia 23219

          The Honorable Vivian E. Watts
          Chair
          House Finance Committee
          20 l North Ninth Street
          General Assembly Building, Room 907
          Richmond. Virginia 23219

           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 fourth quarter of the 2023 calendar year as
          required by § 2.2-5103(0) of the Code of Virginia.

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

           Virginia Investment Performance:

                     No VIP grants were awarded.

           Major Eligible Employer:

                     No MEE grants were awarded.




          Patric:k Henry Build mg • l 111 East Broad Street • Richmond, Virginia 23219 • (804) 786. 7831 • TIY: (800) 828-1120
        For the fourth quarter of the 2023 calendar year, no disbursements from the VIP were
made.

       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,

                                                    &w.
                                             Caren Merrick

CM:kme

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

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