Economic Development Incentive Payments [312]
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
2010-2012 2011 Chapter 2, 2012 Acts of Assembly $49,995,436 $475,000 $50,470,436
2010-2012 2012 Chapter 2, 2012 Acts of Assembly $46,095,384 $375,000 $46,470,384
2012-2014 2013 Chapter 1, 2014 Acts of Assembly $54,451,745 $535,000 $54,986,745
2012-2014 2014 Chapter 1, 2014 Acts of Assembly $56,331,455 $1,175,000 $57,506,455
2014-2016 2015 Chapter 665, 2015 Acts of Assembly $61,826,436 $250,000 $62,076,436
2014-2016 2015 Previous Legislative Appropriation $51,910,436 $250,000 $52,160,436
2014-2016 2015 Governor's Amendments $9,916,000 $0 $9,916,000
2014-2016 2015 General Assembly Adjustments $0 $0 $0
2014-2016 2016 Chapter 665, 2015 Acts of Assembly $79,113,444 $250,000 $79,363,444
2014-2016 2016 Previous Legislative Appropriation $67,613,444 $250,000 $67,863,444
2014-2016 2016 Governor's Amendments $11,250,000 $0 $11,250,000
2014-2016 2016 General Assembly Adjustments $250,000 $0 $250,000
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
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 additional funding for the Governor's Development Opportunity Fund Decision Package
  Provides additional funding for the Governor's Development Opportunity Fund (GOF) in both years. Additional funding is needed to allow the Governor to continue to pursue project opportunities to benefit Virginia's economy. The GOF is a critical economic development tool to enable the Commonwealth to compete in a global market for major new investment and jobs.
 
  FY FY
General Fund $9,916,000 $10,750,000
Provide funding for the Virginia Tourism Growth Incentive Fund Decision Package
  Provides funding for the Virginia Tourism Growth Incentive Fund. Legislation to be considered by the 2015 General Assembly establishes the program to be administered by the Virginia Tourism Authority. The Fund will be used to provide incentive grants to attract tourism, retail, and lodging development projects. CHAR(13) + CHAR(10)
 
  FY FY
General Fund $0 $500,000
Provide funding for shipbuilding training program General Assembly Adjustment
  This amendment provides $250,000 from the general fund in the second year for seed funding for a training program to be provided in collaboration with the Virginia Ship Repair Association.
 
  FY FY
General Fund $0 $250,000


p3_bullets - Official Enacted Budget - 11-01-2025 21:12:53