Creating Jobs

"We must do everything we can to get Virginia's economy moving again and create the jobs Virginia's families need to protect their economic security. As your Lieutenant Governor my number one job will be making Virginia the best place in America to do business."

Creating Jobs

Getting our economy moving again and creating jobs is the most important issue currently facing state government. 

As Virginia’s Chief Jobs Creation Officer, Lieutenant Governor Bolling is responsible for coordinating Virginia’s economic development efforts and making certain we have the programs in place to recruit new business, industry and jobs to Virginia. 

Governor McDonnell and Lieutenant Governor Bolling have put forth a detailed Iobs and Opportunity Agenda that is designed to do just that.

McDonnell/Bolling Jobs and Opportunity Agenda

  • Tax relief and tax credits for businesses who create jobs
    • Increasing the Major Business Facility Tax Credit by reducing eligibility thresholds from 100 jobs (50 in economically distress areas) to 50 jobs (25 in economically distressed areas)
    • Implementing a $500/job Green Jobs  tax credit for businesses creating green energy jobs in Virginia
    • Expanding the Jobs Investment Partnership program that provides workforce training grants for the creation of new jobs
    • Expanding tax credits for businesses creating jobs in Enterprise Zones and HUB zones
  • Cut red tape and regulation on Virginia businesses
    • Continue the work of the Regulatory Reform Task Force to eliminate out dated, redundant and overly burdensome regulations
    • Streamline regulations to make Virginia the easiest and best place in America to open and operate a small business
  • Support the creation and expansion of small businesses in Virginia by:
    • Streamlining regulations to make Virginia the easiest and best place in America to open and operate a small business
    • Establish a Small Business Investment Company Credit to provide up to $100M for investment in small businesses located in Virginia
    • Continued funding of the Business One Stop Program and expand the state’s Loan Guarantee Program
  • Direct more resources to programs that help create jobs
    • Double the size of the Governor’s Economic Opportunity Fund and expand access to the Fund by allowing more businesses to qualify for job creation and capital investment incentives
    • Make additional investments in the Virginia Economic Development Partnership, the Virginia Tourism Council, the Virginia Film Office and the Department of Business Assistance
  • Enhance Virginia’s ability to attract advanced manufacturing projects by:
    • Establishing a  Major Employment and Investment Project Site Planning Grant Fund and Program to help assemble mega sites for the location of large manufacturing projects
  • Enhance Virginia’s ability to attract biotechnology and life sciences companies by:
    • Establishing a Specialized Biotechnology Research Performance Grant Program for nonprofit entities engaged in research, development and production related to molecular diagnostics and drug development
    • Investing $3 million in bioscience "Wet Lab" Facilities
    • Reestablishing funding for the Business Incubator Program
    • Providing income tax exemption for qualified investments in technology and science startup companies
  • Make Virginia the nation's leader in energy development
    • Click here to read more about Lieutenant Governor Bolling’s More Energy, More Jobs program
  • Protect our right to work law
    • Actively oppose Card Check, which would results in the mass unionization of American business, undermine our Right to Work law and make American business non-competitive in the global marketplace