Delegate Keam joins Gov. McDonnell at bill signing
Today, Governor McDonnell visited Fairfax County to sign several bills into law that will promote more tech jobs in Northern Virginia. Delegate Keam participated in the bill signing ceremony, hosted by the Center for Innovative Technology and Northern Virginia Technology Council, in their tech headquarters building in Herndon.
As a member of the House Finance Committee, Delegate Keam cosponsored and helped move House Bill 523 through to passage. This bill would grant income tax deduction on long-term capital gains related to qualified investment in a technology, bio-technology, or science start-up business, which will benefit Fairfax County.
Delegate Keam also cosponsored House Bill 677, which establishes a "Specialized Biotechnology Research Performance Grant Program" for nonprofit entities engaged in research, development, and production related to molecular diagnostics and drug development that commits in a memorandum of understanding and fulfills its obligation to (i) make a new capital investment of at least $200 million, (ii) create at least 415 new full-time jobs, and (iii) meet other criteria.
Governor McDonnell's press release is: http://www.governor.virginia.gov/news/viewRelease.cfm?id=96
Washington Post wrote this about today's event:
McDonnell signs bills in NoVa to create jobs
By Anita Kumar
March 30, 2010; 5:44 PM ET
Republican and Democratic legislators joined Gov. Bob McDonnell (R) this afternoon in Northern Virginia as he signed a package of bills designed to create jobs and spur economic development.
The bills signed today will provide tax deductions on capital gains derived from investments in technology, energy, bio-tech and science-based companies; grant temporary business licenses to individuals who have a license or certification from another state; broaden the uses of the Governor's Opportunity Fund; designate the head of the Virginia Economic Development Partnership as chief executive; and establish a biotech research performance grant program.
"The states that help lead this country out of this economic downturn will be those that move aggressively to promote job creation and make it easier for entrepreneurs and business owners to be successful,'' McDonnell said at a signing ceremony at the Center for Innovative Technology and Northern Virginia Technology Council in Herndon. "That is what we are doing in Virginia."
A slew of legislators from Northern Virginia joined McDonnell, including Sens. Mark Herring (D-Loudoun) and Janet Howell (D-Fairfax); Republican Dels. Dave Albo (Fairfax), Tom Rust (Fairfax), Tim Hugo (Fairfax), Barbara Comstock (Fairfax), Rich Anderson (Prince William), Joe May (Loudoun) and Jackson Miller (Manassas); and Democratic Dels. Mark Keam (Fairfax) and Mark Sickles (Fairfax). Several Northern Virginia technology and businesses also were in attendance.