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Bill

SB 709

Cloud Computing Cluster Infrastructure Grant Fund; performance agreement.

2026 Regular Session Introduced by Richard Stuart

Virginia establishes cloud computing infrastructure grant fund requiring recipients to meet job creation and investment performance targets through contractual agreements.

Continued to next session in General Laws and Technology (15-Y 0-N)
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Bill Summary · SB 709

Legislative bill overview

SB 709 establishes a Cloud Computing Cluster Infrastructure Grant Fund in Virginia to provide financial incentives for developing large-scale cloud computing infrastructure within the state. The bill requires recipients of grants to enter into performance agreements that specify job creation, investment commitments, and other economic development metrics.

Why is this important

Cloud computing infrastructure represents a major economic development opportunity, with significant tax revenue potential and high-skilled job creation. Virginia is competing with other states to attract data centers and computing facilities, making strategic infrastructure investment a key economic policy lever. The performance agreement requirement aims to ensure public funds generate measurable returns for taxpayers.

Potential points of contention

  • Cost-benefit clarity: The fiscal impact statement may reveal whether projected economic gains justify public expenditure, or if grants represent corporate subsidies with uncertain returns
  • Performance enforcement: Defining and enforcing measurable performance metrics (job creation timelines, wage requirements, local hiring standards) can be challenging and subject to dispute
  • Geographic equity: Risk that grants concentrate benefits in northern Virginia or urban corridors while rural areas receive minimal economic development benefit

Compiled from official sources — confirm details with the bill’s official record.

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