Active Pharmaceutical Ingredient Manufacturing Grant Fund; established.
Commonwealth of VirginiaVirginiaActive Pharmaceutical Ingredient Manufacturing Grant Fund. Establishes the Active Pharmaceutical Ingredient Manufacturing Grant Fund to provide grant installment awards between July 1, 2026, and July 1, 2045, in an amount not to exceed $15 million per fiscal year and in an aggregate amount not to exceed $130 million, to a qualified company that (i) engages in the manufacture of pharmaceutical substances, (ii) executes a memorandum of understanding with the Commonwealth, and (iii) is expected to make a capital investment of at least $2,148,793,019 and create and maintain at least 468 new full-time jobs. This bill is identical to SB 404.
- Status
- Passed
- Signed or otherwise enacted
- Status date
- Apr 13, 2026
- 213 days ago
- Current chamber
- House of Delegates
- Session
- 2026 Regular Session
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Bill details
- Last action
- Acts of Assembly Chapter text (CHAP0804) · Apr 13, 2026
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Bill data from LegiScan, licensed under CC BY 4.0.