SD19 - Manufacturing Impact and Economic Diversification Plan (FY 2007-2011)


Executive Summary:
Pursuant to Chapter 375 of the 2006 Acts of Assembly, this report outlines initiatives in the Commonwealth of Virginia aimed at assisting localities dependent upon manufacturing operations and facilities with diversifying their economics. These initiatives have been consolidated to form the basis of the five-year plan of assistance as envisioned by the legislation. As further mandated by the legislation, this plan addresses two key topics:

1. The direct and indirect economic impact of manufacturing on the Commonwealth; and

2. Economic development assistance that will aid cities, counties, and towns with tax base diversification and skill-enhancing employment and training opportunities.