The Newsletter of TechPAC and NVTC

February 23, 2010


NVTC Technology Executives Visit Policymakers in Richmond


A delegation of NVTC technology executives traveled to Richmond last week to participate in NVTC's Member Advocacy Day. The delegation, which included members of the NVTC Board of Directors and the NVTC TechPAC Board of Trustees, spent the day meeting with cabinet members and legislative leaders from across the state to promote NVTC's legislative agenda. Among those the NVTC delegation met with during Member Advocacy Day:
  • Secretary of Technology Jim Duffey
  • Secretary of Commerce and Trade Jim Cheng
  • Speaker of the House Bill Howell (Fredericksburg)
  • Senate Minority Leader Tommy Norment (Williamsburg)
  • House Science and Technology Committee Chair Kathy Byron (Lynchburg)
  • House Finance Committee Chair Bob Purkey (Virginia Beach)
  • House Science & Technology Committee senior member John Cosgrove (Chesapeake)
  • House Education Committee member Joe Morrissey (Richmond)
Issues and legislation discussed during the meetings included:
  • SB 428 (Senator Herring, D - Leesburg) and HB 523 (Delegate Nixon, R - Chesterfield) are NVTC supported initiatives to provide a 100% state capital gains tax exclusion for founders of qualified Virginia startups as well as the investors in tech start-up companies.
  • The need for an additional $2 million public investment in the CIT GAP Fund to underwrite critical and immediate first financing for 20 new early-stage technology companies and to leverage this investment to drive $22 million in private capital infusion into these new companies.
  • SB 660 (Senator Hanger, R - Mount Solon) is an NVTC opposed initiative which seeks to establish a sales tax collection requirement for large online retailers who advertise on Virginia websites on a click though/commission basis.
  • SB 480 (Senator Howell, D - Reston) and HB 1034 (Delegate Byron, R - Lynchburg) are NVTC supported initiatives which increase accountability and authority between Virginia's CIO and the Executive Branch by requiring the Governor to appoint the CIO and requiring the CIO to report to the Governor through the Secretary of Technology.
  • SB 718 (Senator Norment, R-Williamsburg) would give Virginia's public colleges and universities the authority to monetize existing assets to generate revenue for new capital projects, deferred maintenance, debt reduction or general operations.
The NVTC delegation included:
  • NVTC President and CEO Bobbie Kilberg
  • NVTC Chairman Emeriti Sudhakar Shenoy, IMC
  • TechPAC Chair Dendy Young, McLean Capital
  • Executive Committee Member Dan Gonzalez, Appian Reality
  • TechPAC Trustee Tim Cook, Alion Science and Technology
  • TechPAC Trustee Rob Quartel, NTELX
  • TechPAC Trustee Todd House, Micron Technology
  • Tom Sandlin, Appian Reality
  • Myles Louria, Hunton & Williams
  • NVTC Vice President of Policy Josh Levi



NVTC Delegation meets with Secretary of Technology Jim Duffey



NVTC Delegation meets with Secretary of Commerce and Trade Jim Cheng



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