Kaine Enacts Business-Friendly Bills

March 29th, 2009 by WY Daily Staff

Kaine Enacts Business-Friendly Bills

Governor Tim Kaine announced Friday that he signed a number of pieces of legislation that advanced his economic plan to boost business and make Virginia more attractive as a home-base for large companies.

Included in his business-promoting legislation is one to help Virginia compete for large economic development projects by getting state financing, one that helps facilitate expansion and consolidation of state businesses, and two bills that will help entice large businesses to relocate to Virginia by offering incentives and tax breaks.
Hilton Hotels Corporation’s recent relocation to Fairfax County, announced in February, came about due to the incentives program, according to Kaine’s statement. The business legislation will also help strengthen, among others, the joint project between energy giant AREVA and Northrop Grumman Shipbuilding, Kaine says.
“During this difficult economic time it’s important that we are equipped with the right tools to keep Virginia competitive in the global marketplace,” said Kaine. “Virginia is recognized around the world as a great place to do business, and I am pleased to enact this legislation that will fulfill our current obligations and position us for even greater successes in the future.”

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