Virginia statement economic interests 2025

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The document outlines the requirements and instructions for completing the Statement of Economic Interests for state and local officers and employees in Virginia. It details the necessary disclosures regarding financial interests, including personal debts, securities, business interests, rental properties, gifts, and payments received for services. The form must be filed annually by specified deadlines and is subject to public inspection. Definitions of key terms are provided to ensure clarity in reporting.

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What is Virginias leading industry?

Service. The service sector is the biggest industry in the economy of Virginia, which accounts for over 66.67% of the states GDP. The public sector (local, state, and federal government), social and health services, and retail and wholesale trade account for a considerable portion of employment in the state.

What was Virginias main economic activity?

The services sector is by far the largest segment of Virginias economy, accounting for more than two-thirds of the states gross product.

What is a statement of personal economic interests?

The Form 700 provides transparency and ensures accountability in two ways: It provides necessary information to the public about an officials personal financial interests to ensure that officials are making decisions in the best interest of the public and not enhancing their personal finances.

What are examples of economic interests?

Examples of economic interest groups include organizations representing business interests, such as the Pharmaceutical Research and Manufacturers of America, the National Association of Manufacturers, the U.S. Chamber of Commerce, and labor unions such as the American Federation of Labor and Congress of Industrial

Why do I have to file a statement of economic interest?

Every elected official and public employee who makes or participates in making governmental decisions is required to submit a Statement of Economic Interests, also known as the Form 700. The Form 700 provides transparency and ensures accountability in governmental decisions.

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What drives Virginias economy?

Virginias banking and finance industry is a major driver of the states economy.

What is a major part of Virginias economy?

Agriculture is Virginias largest private industry. The industry has an economic impact of $82.3 billion annually, provided more than 381,800 jobs in the Commonwealth, and $43.8 billion in value-added impact.