Virginia

  • Project Labor Agreements

    Adopted ABC model government-neutrality bill.

  • Prevailing Wage

    No.

  • Right to Work

    Yes.

  • Public-Private Partnerships

    Statute authorizes the use of P3s on horizontals and vertical construction projects, and allows for unsolicited bids.

  • Workforce Development Incentives

    Small Business New Jobs and Retraining Programs – Offers services and funding to businesses with 250 employees or less. Businesses must have at least five new employees that are faced with changes in the business’ service delivery process or advances in technology and a capital investment of $50,000.

    Workforce Retraining Program – Helps upgrade skills of employees. A capital investment of $500,000 and ten full time employees needing to be retrained are necessary.

    Workforce Retraining Tax Credit – Employers can claim a tax credit equal to 30% of all expenditures paid or incurred by the employer for eligible worker retraining for eligible employees, including apprentices. The credit is 30% for training through a community college or $100 annual credit for each employee if incurred at a private school.

  • Career and Technical Education

    95% of CTE high school graduates are placed in colleges or careers.

    Virginia does recognize NCCER as an approved curriculum for CTE programs.

  • 5-Year Average Job Growth Rate (2011-16)

    0.8%.

Monthly Unemployment Rate in Virginia

Industry Overview

Prompt Pay

Private: No law in place.
Public: For both agencies and localities, payment must be made within 45 days.
Subs: For public projects, payment must be made from prime to sub and sub to lower tiers 7 days after payment. There is no law in place for private projects.

Immigration/E-Verify Mandate

All state agencies and state contractors with at least 50 employees and a contract worth at least $50,000 must use E-Verify.

Percentage of State GDP From Nonresidential Construction

3.6%.

Incidence Rate in Construction (2013)

3.0.

Occupational Safety & Health Oversight (State vs. Federal)

State plan covers private workplaces and state and local workplaces.

Percentage of Union Membership in Private Construction

3.5%.

Marijuana Legalization Status

Fully illegal.

Business Facts

Minimum Wage (2016)

7.25

Percentage of Pensions Funded

75%

Effective Real-Estate Tax Rate

0.81%

Corporate Income Tax Rate(s)

6% + Tax on Gross Receipts

Capital Spending % As Share of Total State Spending (2013)

6.4%