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Committee adopts bill to promote trade, investment and economic diversification; members press budget details for new director post
Summary
The House commerce committee adopted Senate Bill 24-16 SD1 to promote trade and investment and encourage economic diversification; members discussed funding and whether a director position required by the bill is budgeted or would be paid from existing revolving accounts.
The House Committee on Commerce voted to adopt Senate Bill 24-16 SD1, legislation described as intended to promote trade and investment, economic development and diversification in the Commonwealth and to streamline incentives for domestic and foreign investors.
During discussion, members noted the bill largely reflects Commerce Department…
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