Virginia Economic Development Partnership [310]
Secretarial Area: Commerce and Trade
Operating Budget Summary
This table shows the Governor's proposed budget for the next two years and the agency's official budget for the previous six years.
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Biennium Fiscal Year Source GF NGF Total
2008-2010 2009 Chapter 872, 2010 Acts of Assembly $16,076,010 $0 $16,076,010
2008-2010 2010 Chapter 872, 2010 Acts of Assembly $15,006,151 $0 $15,006,151
2010-2012 2011 Chapter 2, 2012 Acts of Assembly $18,444,647 $0 $18,444,647
2010-2012 2012 Chapter 2, 2012 Acts of Assembly $18,699,713 $0 $18,699,713
2012-2014 2013 Chapter 1, 2014 Acts of Assembly $17,849,466 $0 $17,849,466
2012-2014 2014 Chapter 1, 2014 Acts of Assembly $17,824,746 $0 $17,824,746
2014-2016 2015 Chapter 665, 2015 Acts of Assembly $20,387,705 $0 $20,387,705
2014-2016 2015 Previous Legislative Appropriation $18,887,705 $0 $18,887,705
2014-2016 2015 Governor's Amendments $0 $0 $0
2014-2016 2015 General Assembly Adjustments $1,500,000 $0 $1,500,000
2014-2016 2016 Chapter 665, 2015 Acts of Assembly $19,276,464 $0 $19,276,464
2014-2016 2016 Previous Legislative Appropriation $18,406,205 $0 $18,406,205
2014-2016 2016 Governor's Amendments $970,259 $0 $970,259
2014-2016 2016 General Assembly Adjustments ($100,000) $0 ($100,000)
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2008-2010 2009 Chapter 872, 2010 Acts of Assembly 0.00 0.00 0.00
2008-2010 2010 Chapter 872, 2010 Acts of Assembly 0.00 0.00 0.00
2010-2012 2011 Chapter 2, 2012 Acts of Assembly 0.00 0.00 0.00
2010-2012 2012 Chapter 2, 2012 Acts of Assembly 0.00 0.00 0.00
2012-2014 2013 Chapter 1, 2014 Acts of Assembly 0.00 0.00 0.00
2012-2014 2014 Chapter 1, 2014 Acts of Assembly 0.00 0.00 0.00
2014-2016 2015 Chapter 665, 2015 Acts of Assembly 0.00 0.00 0.00
2014-2016 2015 Previous Legislative Appropriation 0.00 0.00 0.00
2014-2016 2015 Governor's Amendments 0.00 0.00 0.00
2014-2016 2015 General Assembly Adjustments 0.00 0.00 0.00
2014-2016 2016 Chapter 665, 2015 Acts of Assembly 0.00 0.00 0.00
2014-2016 2016 Previous Legislative Appropriation 0.00 0.00 0.00
2014-2016 2016 Governor's Amendments 0.00 0.00 0.00
2014-2016 2016 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Provide funding for the Virginia Coalfield Economic Development Authority Decision Package
  Provides $1.2 million in general fund support for the Virginia Coalfield Economic Development Authority in 2016. Legislation to be considered by the 2015 General Assembly will limit the amount of the Coalfield Employment Enhancement Tax Credit that can be claimed on any tax return. As a result, general fund support is provided for the Authority. This funding is contingent upon the enactment of such legislation.
 
  FY FY
General Fund $0 $1,200,000
•
Move Chapter 2 savings from Central Appropriations to agency budgets Decision Package
  Moves FY 2016 savings included in Item 471 of Chapter 2, 2014 Acts of Assembly, Special Session I, from Central Appropriations to applicable agency budgets. These amounts are not a part of the additional savings assumed in Chapter 3, 2014 Acts of Assembly, Special Session I (HB 5010).
 
  FY FY
General Fund $0 ($297,532)
•
Transfer funding for the Virginia Jobs Investment Program to the Virginia Economic Development Partnership Decision Package
  Transfers additional funding to the Virginia Economic Development Partnership (VEDP) for the administration of the Virginia Jobs Investment Program. The funding is associated with the transfer of an additional position from the Department of Small Business and Supplier Diversity. The 2014 General Assembly enacted legislation transferring the administration of the program to VEDP.CHAR(13) + CHAR(10)
 
  FY FY
General Fund $0 $67,791
•
Restore funding for the Commonwealth Center for Advanced Manufacturing General Assembly Adjustment
  This amendment restores support for the Commonwealth Center for Advanced Manufacturing eliminated from the budget in Chapter 3 in response to the budget shortfall.
 
  FY FY
General Fund $1,500,000 $0
•
Eliminate funding for the Virginia Coalfield Economic Development Authority General Assembly Adjustment
  This amendment removes a proposed appropriation for the Virginia Coalfield Economic Development Authority that is proposed to help hold the Authority harmless from any reduction in funding that would occur if a companion proposal to cap the Coalfield Employment Tax Credit were to be adopted. A companion amendment to Item 3-5.16 eliminates the proposed change to that tax credit. The intent is that if the change were to occur, this funding would be reinstated.
 
  FY FY
General Fund $0 ($1,200,000)
•
Provide funding for brownfields restoration General Assembly Adjustment
  This amendment provides $750,000 in the second year from the general fund for the Brownfields Restoration Fund.
 
  FY FY
General Fund $0 $750,000
•
Provide funding for a national security research and development program General Assembly Adjustment
  This amendment proposes an appropriation to the VEDP of $350,000 from the general fund in the second year to provide continued support for an initiative that received initial funding from the Federal Action Contingency Trust Fund in fiscal year 2013, but whose funds were exhausted at the end of calendar year 2014. The program is expected to be self-sustaining following the funding requested for one additional year.
 
  FY FY
General Fund $0 $350,000


p3_bullets - Official Enacted Budget - 11-02-2025 07:36:47