States / Virginia / SB 527

SB 527 Enacted

Pharmaceutical Substance Manufacturing Grant Fund; created.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Pharmaceutical Substance Manufacturing Grant Fund. Establishes the Pharmaceutical Substance Manufacturing Grant Fund to provide grant installment awards between July 1, 2026, and July 1, 2045, in an amount not to exceed $34 million per fiscal year and in an aggregate amount not to exceed $191,255,000, to a qualified company that (i) engages in the manufacture of pharmaceutical substances, (ii) executes a memorandum of understanding with the Commonwealth, and (iii) is expected to make a capital investment of at least $4 billion and create and maintain at least 500 new full-time jobs. This bill is identical to HB 1076.

Chamber
Senate
Introduced
Jan 13, 2026
Last action
Apr 13, 2026 — Approved by Governor-Chapter 809 (effective 7/1/2026)
Session
2026
Momentum
84 · Very high