- Associated Press - Wednesday, September 23, 2015

PORTSMOUTH, Va. (AP) - Portsmouth is returning $250,000 in grant funds that the city owes to the state.

The Virginian-Pilot (https://bit.ly/1QxNYX5 ) reports that the money was part of a $500,000 grant obtained by the city and APM Terminals from a state fund in 2008. The grant was one of the incentives for APM to build a port facility in Portsmouth.

APM later had to return $250,000 of the funding to the city because it didn’t meet a requirement of creating 90 percent of its expected jobs. The newspaper says the city kept the money instead of returning it to the state.

On Tuesday, City Council unanimously voted to repay the grant funds to the state with money from the city’s general fund.


Information from: The Virginian-Pilot, https://pilotonline.com



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