Virginia Administrative Code Title 7 - ECONOMIC DEVELOPMENT
Here’s a detailed breakdown of Virginia Administrative Code – Title 7: Economic Development:
📘 What is Title 7?
Title 7 of the Virginia Administrative Code establishes regulations under three agencies focused on economic development, procurement, and inclusion within the state. (law.lis.virginia.gov)
🏢 Key Agencies & Chapters
Agency 10 – Department of Minority Business Enterprise
Chapter 10: Public participation guidelines—processes ensuring input from minority businesses on proposed policies. (regulations.vlex.com)
Chapters 20–21: Covered certification rules for minority, women-, and small-business enterprises, though these sections have since been repealed. (regulations.vlex.com)
Agency 13 – Department of Small Business and Supplier Diversity
Chapter 20: Regulations governing certification for small, women-owned, and minority-owned businesses—criteria, application, and compliance. (regulations.justia.com)
Agency 15 – Virginia Small Business Financing Authority
Chapter 10: Pertained to private activity bonds for small business financing but has been repealed. (regulations.vlex.com)
🔍 What Do These Regulations Cover?
Minority Business Enterprise (Agency 10):
Public participation processes ensure diverse voices in rulemaking. Though Chapters 20–21 have been repealed, Chapter 10 remains a key inclusion tool. (regulations.vlex.com)
Small Business & Supplier Diversity (Agency 13):
Chapter 20 details certification processes and standards that help small, women-owned, and minority-owned businesses compete in state contracting. (regulations.justia.com)
Small Business Financing (Agency 15):
Previously regulated the issuance of private activity bonds, but Chapter 10 has been repealed, likely due to statutory changes or program restructuring. (regulations.justia.com, regulations.vlex.com)
🧭 Why Title 7 Matters
Promoting Equity: Certification standards help historically underrepresented businesses access public contracts.
Increasing Transparency: Public participation provisions strengthen accountability in economic policy.
Facilitating Access to Capital: Though outdated, financing tools like private activity bonds were once vital for small business growth.
✅ What Would You Like to Explore Further?
Would you like more info on:
✳️ Certification criteria & application process under Agency 13 Chapter 20?
🗣️ Public involvement rules for Agency 10 programs?
❔ Why the bond financing chapter was repealed—and what funding options remain?
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