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
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 732, 2016 Acts of Assembly $20,387,705 $0 $20,387,705
2014-2016 2016 Chapter 732, 2016 Acts of Assembly $19,276,464 $0 $19,276,464
2016-2018 2017 Chapter 1, 2018 Acts of Assembly $25,508,967 $0 $25,508,967
2016-2018 2018 Chapter 1, 2018 Acts of Assembly $26,035,046 $0 $26,035,046
2018-2020 2019 Chaper 2, 2018-2020 $31,597,198 $0 $31,597,198
2018-2020 2019 Base Budget $26,035,046 $0 $26,035,046
2018-2020 2019 Governor's Amendments $3,562,152 $0 $3,562,152
2018-2020 2019 General Assembly Adjustments $2,000,000 $0 $2,000,000
2018-2020 2020 Chaper 2, 2018-2020 $35,107,392 $0 $35,107,392
2018-2020 2020 Base Budget $26,035,046 $0 $26,035,046
2018-2020 2020 Governor's Amendments $6,072,346 $0 $6,072,346
2018-2020 2020 General Assembly Adjustments $3,000,000 $0 $3,000,000
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
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 732, 2016 Acts of Assembly 0.00 0.00 0.00
2014-2016 2016 Chapter 732, 2016 Acts of Assembly 0.00 0.00 0.00
2016-2018 2017 Chapter 1, 2018 Acts of Assembly 0.00 0.00 0.00
2016-2018 2018 Chapter 1, 2018 Acts of Assembly 0.00 0.00 0.00
2018-2020 2019 Chaper 2, 2018-2020 0.00 0.00 0.00
2018-2020 2019 Base Budget 0.00 0.00 0.00
2018-2020 2019 Governor's Amendments 0.00 0.00 0.00
2018-2020 2019 General Assembly Adjustments 0.00 0.00 0.00
2018-2020 2020 Chaper 2, 2018-2020 0.00 0.00 0.00
2018-2020 2020 Base Budget 0.00 0.00 0.00
2018-2020 2020 Governor's Amendments 0.00 0.00 0.00
2018-2020 2020 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Adjust appropriation for the centrally funded three percent salary increase for state employees Base Budget Adjustment
  Adjusts appropriation for the three percent salary increase for state employees budgeted in Central Appropriations, Item 475 X. of Chapter 836, 2017 Acts of Assembly.
 
  FY FY
General Fund $297,958 $297,958
•
Adjust appropriation for centrally funded health insurance costs Base Budget Adjustment
  Adjusts appropriation for the employer’s share of health insurance premiums budgeted in Central Appropriations, Item 475 G. of Chapter 836, 2017 Acts of Assembly.
 
  FY FY
General Fund $203,082 $203,082
•
Adjust appropriation for centrally funded retirement rate changes Base Budget Adjustment
  Adjusts appropriation for changes in state employee retirement rates budgeted in Central Appropriations, Item 475 H. of Chapter 836, 2017 Acts of Assembly.
 
  FY FY
General Fund ($58,386) ($58,386)
•
Adjust appropriation for centrally funded information technology auditors and security officers Base Budget Adjustment
  Adjusts appropriation for information technology auditors and information security officers budgeted in Central Appropriations, Item 476 J. of Chapter 836, 2017 Acts of Assembly.
 
  FY FY
General Fund $26,075 $26,075
•
Adjust appropriation for centrally funded state employee other post-employment benefit rate changes Base Budget Adjustment
  Adjusts appropriation for changes in state employee other post-employment benefit rates budgeted in Central Appropriations, Item 475 K. of Chapter 836, 2017 Acts of Assembly.
 
  FY FY
General Fund $19,195 $19,195
•
Establish a customized workforce recruitment and training incentive program Decision Package
  Provides appropriation to establish a customized workforce recruitment and training incentive program for eligible new or expanding companies in the Commonwealth.
 
  FY FY
General Fund $2,510,193 $5,020,387
•
Provide support for the Incentives Division Decision Package
  Provides additional appropriation to support the Incentives Division recently established and required in legislation enacted by the 2017 General Assembly.
 
  FY FY
General Fund $364,035 $364,035
•
Provide appropriation for marketing efforts Decision Package
  Allocates funding to support marketing efforts.
 
  FY FY
General Fund $200,000 $200,000
•
Increase funding for marketing and business-ready site development General Assembly Adjustment
  This amendment increases funding by $2.0 million in the first year and $3.0 million in the second year from the general fund for marketing and business-ready site development initiatives.
 
  FY FY
General Fund $2,000,000 $3,000,000
•
Require approval of requests for administrative staff for certain committees General Assembly Adjustment
  This language-only amendment requires that any requests for administrative or staff support for the Committee on Business Development and Marketing or the Committee on International Trade established to advise the Virginia Economic Development Partnership shall be directed to, and are subject to the approval of, the Chairman or the Chief Executive Officer of the Virginia Economic Development Partnership.


p3_bullets - Official Enacted Budget - 06-04-2025 00:24:47