FIRST ON FOX: Republican Virginia Gov. Glenn Youngkin on Thursday vetoed legislation that was passed by state Democrats to incentivize greater diversity in businesses.
FIRST ON FOX: Republican Virginia Gov. Glenn Youngkin on Thursday vetoed legislation requiring companies to disclose their internal diversity when applying for tax breaks or state incentives. The legislation — recently passed by the Virginia state legislature by slim party-line votes — would require the state's Major Employment and Investment Commission to consider the diversity of an applicant business' board of directors when approving MEI incentive projects.
Ultimately, the proposal fails to acknowledge that the primary beneficiaries of economic development are not board members, but individuals who secure gainful employment," Youngkin added Thursday. "A truly egalitarian approach should focus on attracting businesses to the Commonwealth and fostering opportunities for expansion and investment in individuals" he said.
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