Virginia International Trade Corporation [316]
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
2016-2018 2017 Chapter 836, 2017 Acts of Assembly $0 $0 $0
2016-2018 2017 Governor's Amendments $0 $0 $0
2016-2018 2017 General Assembly Adjustments $0 $0 $0
2016-2018 2018 Chapter 836, 2017 Acts of Assembly $0 $0 $0
2016-2018 2018 Governor's Amendments $7,200,266 $0 $7,200,266
2016-2018 2018 General Assembly Adjustments ($7,200,266) $0 ($7,200,266)
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2016-2018 2017 Chapter 836, 2017 Acts of Assembly 0.00 0.00 0.00
2016-2018 2017 Governor's Amendments 0.00 0.00 0.00
2016-2018 2017 General Assembly Adjustments 0.00 0.00 0.00
2016-2018 2018 Chapter 836, 2017 Acts of Assembly 0.00 0.00 0.00
2016-2018 2018 Governor's Amendments 24.00 0.00 24.00
2016-2018 2018 General Assembly Adjustments (24.00) 0.00 (24.00)
Operating Budget Addenda (in order of greatest impact)
Establish the Virginia International Trade Corporation Decision Package
  Creates the Virginia International Trade Corporation (VITC) as a separate state entity pursuant to Chapter 749 of the 2016 Acts of Assembly, beginning July 1, 2017. The appropriation consists of funding associated with the International Trade Division of the Virginia Economic Development Partnership, as well as funding tied to one position provided under the Secretary of Commerce and Trade to assist with the creation of VITC. Lastly, additional funding is provided to address administrative functions related to the status of VITC as a state entity.
 
  FY FY
General Fund $0 $7,200,266
Positions 0.00 24.00
Reverse Funding to Create Virginia International Trade Corporation General Assembly Adjustment
  This amendment reverses funding of $7.2 million from the general fund and 24 positions in fiscal year 2018 to create the proposed Virginia International Trade Corporation as a new state agency.
 
  FY FY
General Fund $0 ($7,200,266)
Positions 0.00 (24.00)


p3_bullets - Official Enacted Budget - 06-08-2025 00:43:52