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Virginia Senate passes Sen. Herring's bill
Democratic senators passed a bill Jan. 30 to create jobs by attracting bioscience and other technology companies to the Commonwealth.
The bill makes it easier for Virginia to better use resources the state already has without raising taxes.
"This important piece of legislation was passed on a day when economists are predicting a deepening recession and when unemployment rates in parts of the state have reached 13- to 15-year highs,” said Sen. Mark Herring (D-Loudoun County), the sponsor of S.B. 1338. “Virginia can maintain its leadership status in science development while attracting industries that create high-paying jobs.”
Th e measure, which passed 35-4, promotes science and technology-based research, development and commercialization in Virginia.
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