Description
Title: To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $127,032.00 from the Commonwealth’s Development Opportunity Fund, to amend the Fiscal Year 2025-2026 Special Fund Budget by creating a new special fund for the Department of Economic Development entitled “PPD Special Fund,” and to appropriate the increase to the Fiscal Year 2025-2026 Special Fund Budget by increasing estimated revenues and the amount appropriated to the Department of Economic Development’s PPD Special Fund by $127,032.00, for the purpose of providing PPD D
Summary
The City of Richmond is set to accept $127,032 from the Commonwealth's Development Opportunity Fund to support PPD Development L.P. in establishing a bioanalytics lab at 737 N 5th Street. A public hearing is scheduled for January 26, 2026.