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Mining Virginia’s Capital Construction Project Process For Business

January 8, 2016

1750 Tysons Boulevard, Suite 1800
Tysons Corner, VA

Complimentary Seminar & Luncheon

On December 17, Virginia Governor Terry McAuliffe released his proposed budget for 2016-2018. Included in his $109 billion spending plan is a proposed $2.43 billion bond package aimed at research and economic development-related projects. The package is coupled with revenue bonds and cash to fund the governor’s capital priorities. Highlights include:
  • Moving critical projects to construction stage
    $2.2 billion in bond funding and $1.9 million in cash
  • Funding for detailed planning for 23 projects
    $20.0 million in cash
  • Funding for 16 projects at institutions of higher education with revenue bonds
    $14.4 million 9 (c) bonds and $211.2 million 9 (d) bonds
  • Funding for maintenance reserve
    $60 million in bond funding and $129.4 million in cash

On January 8, McGuireWoods will provide an overview of how the Commonwealth plans, programs and funds everything from higher education residential and academic buildings, to hospitals, jails and environmental infrastructure. We will provide highlights from the governor’s capital outlay proposal and explain the legislative process that considers and adopts the budget. We will also show you how to mine the project list for business opportunities to help build the infrastructure necessary for thriving communities and prosperous businesses.

McGuireWoods Consulting Speakers

  • Tracy M. Baynard - Senior Vice President, Infrastructure and Economic Development
  • Susan T. Liberty - Vice President, Infrastructure and Economic Development
  • Generra J. Peck - Vice President, Infrastructure and Economic Development

 

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