---
type: "Bill"
title: "Small Business Jobs Grant Fund Program; reduces minimum percentage of revenues."
description: "Reduces from 50 percent to 35 percent the minimum percentage of revenues that a small business must derive from out-of-state sources in order to be eligible for grants from the Small Business Jobs Grant Fund Program. The bill reduces from $100,000 to $50,000 the minimum new capital investment that a company is required to make to be eligible for assistance under the Program. Finally, the bill changes the definition of small business for purposes of the Program from a company that has 250 or fewer employees to one that has 50 or fewer employees in its base year and average annual gross receipts of $3 million or less averaged over the previous 24-month period."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2017"
identifier: "HB 1969"
citation: "Virginia HB 1969 (2017)"
classification: ["bill"]
subjects: ["Administration of Government", "Trade and Commerce"]
status: "enacted"
primary_sponsors: ["R. Steven Landes"]
version_count: 4
action_count: 18
vote_count: 8
first_action: "2017-01-10"
last_action: "2017-03-03"
source: "openstates"
source_identifier: "ocd-bill/04b25b14-8a39-40d6-9ce1-44e516731536"
source_url: "http://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+HB1969"
source_hash: "f7f5d8ebafdf146b066d77994f72b686677b3d06ca1750b694d6cd80ea0881ed"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---

# Virginia HB 1969 (2017) — Small Business Jobs Grant Fund Program; reduces minimum percentage of revenues.

Reduces from 50 percent to 35 percent the minimum percentage of revenues that a small business must derive from out-of-state sources in order to be eligible for grants from the Small Business Jobs Grant Fund Program. The bill reduces from $100,000 to $50,000 the minimum new capital investment that a company is required to make to be eligible for assistance under the Program. Finally, the bill changes the definition of small business for purposes of the Program from a company that has 250 or fewer employees to one that has 50 or fewer employees in its base year and average annual gross receipts of $3 million or less averaged over the previous 24-month period.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Governor: Acts of Assembly Chapter text (CHAP0264)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+CHAP0264)
2. **House: Bill text as passed House and Senate (HB1969ER)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1969ER)
3. **House: Prefiled and ordered printed; offered 01/11/17 17100307D** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1969)
4. **House: Printed as engrossed 17100307D-E** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1969E)

## Votes

- Passed Senate — **40–0** (pass) · legislature
- Subcommittee recommends reporting with amendment — **7–0** (pass) · legislature
- Read third time and passed House BLOCK VOTE — **98–0** (pass) · legislature
- Constitutional reading dispensed — **40–0** (pass) · legislature
- Reported from General Laws and Technology — **15–0** (pass) · legislature
- Passed Senate — **39–0** (pass) · legislature
- Reconsideration of Senate passage agreed to by Senate — **40–0** (pass) · legislature
- Reported from General Laws with amendment — **22–0** (pass) · legislature

## Sponsors

- R. Steven Landes — primary (person)
- David E. Yancey — cosponsor (person)
- James P. "Jimmie" Massie, III — cosponsor (person)
- Jeffrey L. Campbell — cosponsor (person)
- T. Scott Garrett — cosponsor (person)
- Timothy D. Hugo — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2017-01-10** Prefiled and ordered printed; offered 01/11/17 17100307D `introduction`
- **2017-01-10** Referred to Committee on General Laws `referral-committee`
- **2017-01-16** Assigned GL sub: Subcommittee #4 `referral-committee`
- **2017-01-26** Read first time `reading-1`
- **2017-01-27** Read second time `reading-2`
- **2017-01-27** Committee amendment agreed to
- **2017-01-27** Engrossed by House as amended HB1969E
- **2017-01-27** Printed as engrossed 17100307D-E
- **2017-01-30** Read third time and passed House BLOCK VOTE (98-Y 0-N) `passage, reading-3`
- **2017-01-31** Constitutional reading dispensed
- **2017-01-31** Referred to Committee on General Laws and Technology `referral-committee`
- **2017-02-16** Read third time `reading-3`
- **2017-02-20** Enrolled
- **2017-02-20** Signed by Speaker
- **2017-02-21** Signed by President
- **2017-02-21** Enrolled Bill communicated to Governor on 2/21/17
- **2017-02-21** Governor's Action Deadline Midnight, March 27, 2017
- **2017-03-03** Approved by Governor-Chapter 264 (effective 7/1/17) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/04b25b14-8a39-40d6-9ce1-44e516731536`. Confidence: reported (aggregated from official Virginia legislature records).