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JLARC review: VJIP widely used; recommends local wage thresholds and more review of small industry tax exemptions
Summary
JLARC presented an in‑depth evaluation of 10 workforce and small industry incentives, finding the Virginia Jobs Investment Program (VJIP) widely used with moderate economic benefits, the Talent Accelerator generally well designed but early in implementation, low use of the worker training tax credit (set to expire July 2025), and negligible gains
The Joint Legislative Audit and Review Commission presented an in‑depth evaluation of Virginia—s workforce and industry incentives, covering ten programs including the Virginia Jobs Investment Program (VJIP), the Virginia Talent Accelerator (also called the talent accelerator program), a worker training tax credit, and seven smaller industry sales‑tax exemptions.
Ellen Miller, JLARC—s chief economic development analyst, said VJIP is "one of the state—s most widely used incentives and projects met their job creation goals." Over the 10‑year study period, JLARC staff reported nearly $50 million in VJIP grants and about $7 million in awards per year. The staff found VJIP…
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