Northern Virginia Technology Council | Press Room | NVTC Priority Budget Amendments to Support Research, Angel Investor Tax Credits and Cybersecurity and Modeling and Simulation Programs Approved By Legislature

May 15, 2012
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NVTC Priority Budget Amendments to Support Research, Angel Investor Tax Credits and Cybersecurity and Modeling and Simulation Programs Approved By Legislature

On Monday, May 14, the General Assembly met in Richmond to vote on $43.9 million in budget amendments submitted by Gov. Bob McDonnell to the $85 billion two-year budget approved by the legislature last month. Three of the budget amendments approved by the legislature were submitted by the governor following a discussion with NVTC. These three amendments were priorities for NVTC and they collectively allocate an additional $6 million to ensure technology innovation remains a top job creation and competitiveness priority in the Commonwealth. Specifically these amendments:

The 2013-2014 budget already incorporated other NVTC priorities and items of interest to NVTC members including:

To review NVTC’s policy successes during the 60-day session that concluded on March 10, click here.