Solid Rocket Motor Manufacturing Grant Fund
Summary
Virginia General Assembly enacted SB835, establishing the Solid Rocket Motor Manufacturing Grant Fund to provide up to $6 million annually through 2046 (capped at $97.7 million total) to qualifying companies engaged in solid rocket motor manufacturing. Eligible companies must execute an MOU with Virginia, invest at least $537.6 million in capital, and create at least 1,546 new full-time positions.
What changed
Virginia SB835 establishes the Solid Rocket Motor Manufacturing Grant Fund, a new economic development program administered by the Commonwealth. The bill authorizes grant installment payments between July 1, 2027, and July 1, 2046, not exceeding $6 million per fiscal year with a maximum aggregate amount of $97,723,000. To qualify, a company must (i) engage in solid rocket motor manufacturing, (ii) execute a memorandum of understanding with the Commonwealth, and (iii) commit to at least $537,570,000 in capital investment and creation/maintenance of at least 1,546 new full-time jobs.
Companies seeking to participate in Virginia's aerospace manufacturing sector should monitor grant fund application procedures once established by the administering agency. The program creates a significant pathway for economic development incentives tied to advanced manufacturing. The bill passed unanimously in both chambers (Senate 39-0, House 94-2) and is identical to HB 1531.
What to do next
- Identify whether your company meets the solid rocket motor manufacturing and investment thresholds
- Prepare memorandum of understanding with Virginia Commonwealth if eligibility criteria are met
- Monitor Virginia agency implementation of grant fund program for application procedures
Source document (simplified)
ChangeBridge / Virginia / SB835 Signed by Governor SB835 Senate Bill Signed by Governor 2026-03-30
Solid Rocket Motor Manufacturing Grant Fund, established.
Solid Rocket Motor Manufacturing Grant Fund. Establishes the Solid Rocket Motor Manufacturing Grant Fund to provide grant installment awards between July 1, 2027, and July 1, 2046, in an amount not to exceed $6 million per fiscal year and in an aggregate amount not to exceed $97,723,000 to a qualified company that (i) engages in the manufacture of solid rocket motors, (ii) executes a memorandum of understanding with the Commonwealth, and (iii) is expected to make a capital investment of at least $537,570,000 and create and maintain at least 1,546 new full-time jobs. This bill is identical to HB 1531.
Bill Details
State Virginia
Session 2026 Regular Regular Session
Chamber Senate
Official Source lis.virginia.gov/bill-details/20261/SB835
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Sponsors
Louise Lucas (Sen - D)
Action History
2026-03-31 H Signed by Speaker 2026-03-31 Governor's Action Deadline 11:59 p.m., April 13, 2026 2026-03-31 S Enrolled Bill communicated to Governor on March 31, 2026 2026-03-31 S Fiscal Impact Statement from Department of Planning and Budget (SB835) 2026-03-30 S Signed by President 2026-03-30 S Bill text as passed Senate and House (SB835ER) 2026-03-30 S Enrolled 2026-03-12 H Passed House (94-Y 2-N 0-A) 2026-03-12 H Read third time 2026-03-12 H Moved from Uncontested Calendar to Regular Calendar 2026-03-11 H Read second time 2026-03-09 H Reported from Appropriations (22-Y 0-N) 2026-03-09 H Referred to Committee on Appropriations 2026-03-09 H Read first time 2026-03-09 H Placed on Calendar 2026-03-05 S Read third time and passed Senate (39-Y 0-N 0-A) 2026-03-04 S Engrossed by Senate (Voice Vote) 2026-03-04 S Read second time 2026-03-03 S Read first time 2026-03-03 S Reported from Finance and Appropriations (14-Y 0-N) 2026-02-27 S Fiscal Impact Statement from Department of Planning and Budget (SB835) 2026-02-24 S Referred to Committee on Finance and Appropriations 2026-02-24 S Presented and ordered printed 26108122D
Votes
2026-03-03 Reported from Finance and Appropriations (14-Y 0-N) Yea: 14 Nay: 0 2026-03-05 Read third time and passed Senate (39-Y 0-N 0-A) Yea: 39 Nay: 0 2026-03-09 Reported from Appropriations (22-Y 0-N) Yea: 22 Nay: 0 2026-03-12 Passed House (94-Y 2-N 0-A) Yea: 94 Nay: 2
Committee Referrals
2026-02-24 S Finance and Appropriations 2026-03-09 H Appropriations
Bill Text Versions
2026-02-24 Introduced 2026-03-30 Enrolled Legislative data powered by LegiScan (CC BY 4.0)
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