Virginia Economic Development Partnership Authority; eligible site for site development grant.

Virginia Economic Development Partnership Authority; eligible site for site development grant; minimum acreage requirement. Allows the Virginia Economic Development Partnership Authority to determine a site of at least 50 but less than 100 acres to be eligible to receive a site development grant from the Virginia Business Ready Sites Program Fund. The reduced acreage requirement shall apply only to sites which (i) are located in GO Virginia regions 1 or 2, (ii) are located in a locality or region in which topographic or environmental factors constrain the availability of viable sites for economic development, (iii) present a unique economic development opportunity based on infrastructure, logistics, or other distinguishable features of the site, or (iv) create an economic development opportunity not currently available in the regional inventory of economic development sites. by the Virginia Economic Development Partnership Authority.