- Associated Press - Monday, December 12, 2016

RICHMOND, Va. (AP) - Democratic Virginia Gov. Terry McAuliffe is calling for reforms at the state’s troubled economic development agency.

McAuliffe outlined legislation Monday he plans to introduce in the upcoming legislative session to strengthen oversight of the Virginia Economic Development Partnership, which doles out millions of dollars in incentive grants.

VEDP has come under fire recently after a report by the General Assembly’s watchdog group found its unstructured approach to administering grants left the state vulnerable to fraud.

The governor is calling for the creation of a department to administer and track incentive programs and another to conduct periodic audits.

McAuliffe says the legislation would also change the way VEDP board members are appointed and shorten their terms.

The governor says he’s confident there’s bipartisan support in the Legislature for reforming the agency.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide