Governor Bob McDonnell today will sign into law five measures that provide capital gains tax breaks for tech entrepreneurs and make it easier for out-of-state businesses to be temporarily licensed in Virginia. One of the bills will offer as much as $22 million in grants for the Center for Innovative Technology in Herndon, Va.
The bills are part of a broader economic recovery plan that the governor expects will create nearly 30,000 new jobs and $311 million in revenue for the Commonwealth.
Homeowners stand to benefit from an improved job market, as any recovery in home values will likely keep pace with employment statistics.
McDonnell rolls out economic development package (The Examiner)