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_ 141 Item Details($) Appropriations($) ITEM 113. First Year Second Year First Year Second Year FY2025 FY2026 FY2025 FY2026 bearing internships that are implemented pursuant to Item 132.I. Such amounts to be authorized and the MOU will be subject to annual approval by the Board of VEDP. 5. VEDP shall provide for implementation of a program of matching grants for small and midsize Virginia-based employers that hire undergraduate student interns and shall establish criteria for the grants in consultation with the partners identified in paragraph T.4. of this item. Such criteria shall include: (i) a limitation of eligibility to for-profit business and nonprofit organizations, excluding institutions of higher education, with physical operations and facilities in Virginia and 150 or fewer Virginia-based employees; (ii) certification of employer eligibility by the authority following a training program of reasonable duration and agreement by the employer to reasonable mentoring and reporting obligations; (iii) a limitation of grant awards to reimbursement, not to exceed $7,500 per higher education related internship, for a maximum of one-half of wages, including FICA, and workplace subsidies, including transportation, housing, and other internship-related expenses, paid to or for the benefit of a student participating in a qualifying internship; (iv) the minimum and maximum number of hours required to ensure the student gains valuable work experience; (v) a limitation of the qualifying number of higher education related internships per employer; and (vi) the maximum timeframe for employers to be eligible to receive the grants. Prioritization of grant awards may consider employers of 50 or fewer employees. The authority may provide other services to employers, including arranging for one or more staffing agencies to provide services related to higher education related intern recruitment and placement, but eligibility for matching grants shall not be conditioned on an employer's engagement with or use of such staffing agency or other services. 6. VEDP may employ a program administrator, contract for professional services related to marketing and communications, and take such other actions within its existing authority as it deems appropriate to accomplish the purposes of this paragraph and facilitate the partnerships and collaboration described herein. All activities and amounts are subject to annual approval by the Board of VEDP. U. Out of this appropriations, $1,500,000 the first year from the general fund is provided to the authority to promote Virginia to national and international site consultants, corporate executives, and others tasked with making business location recommendations and decisions. Total for Virginia Economic Development Partnership $52,951,862 $54,451,862 $53,451,862 $59,451,862 Fund Sources: General $52,951,862 $54,451,862 $53,451,862 $59,451,862 § 1-46. VIRGINIA TOURISM AUTHORITY (320) 114. Tourist Promotion (53600) $32,214,929 $37,284,929 $26,014,929 $26,139,929 Tourist Promotion Services (53607) $32,214,929 $37,284,929 $26,014,929 $26,139,929 Fund Sources: General $32,214,929 $37,284,929 $26,014,929 $26,139,929 Authority: Title 2.2, Chapter 22, Article 8, Code of Virginia. A.1. The Department of Transportation shall pay to the Virginia Tourism Authority $1,425,000 the first year and $1,425,000 the second year for continued operation of the Welcome Centers, of which $225,000 the first year and $225,000 the second year is for maintenance of the Danville Welcome Center. The Department of Transportation shall fund maintenance at each state Welcome Center based on the agreed-upon service levels contained in the Memorandum of Agreement between the Virginia Tourism Authority and the Department of Transportation. 2. To the extent necessary to fund the operations of the Welcome Centers, the Virginia Tourism Authority is authorized to collect fees paid by businesses for display space at the I VETO ITEM 113.U. ON PAGE 141 /s/ Glenn Youngkin 5-2-25