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VEZ Local Zone Administrators

This document outlines recent updates for the VEZ Local Zone Administrators, including staffing changes, legislative modifications, and the latest funding information. Notably, significant changes to the attestation requirements are highlighted, eliminating the need for CPA attestation for entities with fewer than 100 employees creating 25 or more FTEs. Additionally, it discusses the redesignation language concerning the addition of localities under specific circumstances due to job loss and revenue-sharing areas. Upcoming "How to Qualify" workshops are also announced.

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VEZ Local Zone Administrators

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  1. VEZ Local Zone Administrators • Welcome • Who is on the line? (introductions)

  2. VEZ Local Zone Administrators • Staffing Updates

  3. VEZ Legislative Changes • Attestation Changes -JCG • Under 100 employees • Creating 25 FTEs or more • No longer need CPA attestation • DHCD staff will monitor each submittal every year

  4. VEZ Legislative Changes • Redesignation language • Specifically refers to non-competitive addition of locality to existing joint zone under very SPECIFIC circumstances • Extreme & sharp job loss through closure of major regional employer • Revenue–sharing area

  5. VEZ Budget Update • Did not have to pro-rate 2010 grants (FY’11) • FY ‘12 = $15.65 million • Around 2007 funding levels

  6. VEZ “How to Qualify” Workshops • Dec. 7 in Abingdon • Dec. 8 in Martinsville • Dec. 9 in Richmond • .pdfinvitation forthcoming

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