At a morning news conference Jan. 26 at the State Capitol, Virginia Governor Bob McDonnell, joined by legislators from both sides of the aisle, introduced his “Jobs and Opportunity Agenda.” Among the highlights of McDonnell’s agenda are measures to double the Governor’s Opportunity Fund, create a state HUB Zone Program, lower the threshold for Virginia’s Major Business Facility Job Tax Credit, provide tax credits for movie production, help veterans open small businesses, direct future royalties and revenue from offshore energy production to transportation and green energy development, and create the Virginia Universities Clean Energy Development and Economic Stimulus Foundation to encourage and facilitate energy research and economic development at Virginia’s universities and in the Commonwealth’s rural areas.
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