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 Development L.P. with incentives to establish a bioanalytics laboratory facility at 737 North 5th Street in the city of Richmond. (6th District)

Committee

City Council

Introduced

September 2, 2025

On agenda

January 26, 2026

Passed

February 9, 2026

Where it was heard

City Council Feb 9, 2026 adopted Pass City Council Jan 26, 2026 Finance and Economic Development Standing Committee Jan 21, 2026 recommended for approval City Council Dec 15, 2025 introduced and referred

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