Innovation and Entrepreneurship Investment Authority [934]
Secretarial Area: Commerce and Trade
formerly under: Technology
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 $5,926,877 $0 $5,926,877
2012-2014 2014 Chapter 1, 2014 Acts of Assembly $8,282,500 $0 $8,282,500
2014-2016 2015 Chapter 732, 2016 Acts of Assembly $8,510,873 $0 $8,510,873
2014-2016 2016 Chapter 732, 2016 Acts of Assembly $8,232,562 $0 $8,232,562
2016-2018 2017 Chapter 1, 2018 Acts of Assembly $11,113,668 $0 $11,113,668
2016-2018 2018 Chapter 1, 2018 Acts of Assembly $11,187,740 $0 $11,187,740
2018-2020 2019 Chaper 2, 2018-2020 $11,046,485 $0 $11,046,485
2018-2020 2019 Base Budget $11,187,740 $0 $11,187,740
2018-2020 2019 Governor's Amendments ($641,255) $0 ($641,255)
2018-2020 2019 General Assembly Adjustments $500,000 $0 $500,000
2018-2020 2020 Chaper 2, 2018-2020 $11,296,485 $0 $11,296,485
2018-2020 2020 Base Budget $11,187,740 $0 $11,187,740
2018-2020 2020 Governor's Amendments ($641,255) $0 ($641,255)
2018-2020 2020 General Assembly Adjustments $750,000 $0 $750,000
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)
•
Remove one-time funding for Information Sharing and Analysis Organization (ISAO) start-up costs Base Budget Adjustment
  Removes one-time funding for ISAO start-up costs.
 
  FY FY
General Fund ($500,000) ($500,000)
•
Adjust appropriation for the centrally funded changes in agency information technology costs Base Budget Adjustment
  Adjusts appropriation for changes in information technology and telecommunications usage budgeted in Central Appropriations, Item 476 G. of Chapter 836, 2017 Acts of Assembly.
 
  FY FY
General Fund ($91,252) ($91,252)
•
Adjust appropriation for centrally funded changes in Cardinal charges Base Budget Adjustment
  Adjusts appropriation for the reduction in Cardinal charges budgeted in Central Appropriations, Item 476 L. of Chapter 836, 2017 Acts of Assembly.
 
  FY FY
General Fund ($3) ($3)
•
Eliminate funding for Innovation and Entrepreneurship Measurement System (IEMS) Decision Package
  Eliminates funding at the Innovation and Entrepreneurship Investment Authority for IEMS. The responsibility for the Commonwealth Research and Technology Strategic Roadmap has been transferred to the Virginia Research Investment Committee.
 
  FY FY
General Fund ($50,000) ($50,000)
•
Align service areas with current programs Decision Package
  Updates the service areas used by the agency to reflect current programs.
•
Transfer the Innovation and Entrepreneurship Investment Authority to the Commerce and Trade Secretariat and increase funding General Assembly Adjustment
  This amendment moves the Innovation and Entrepreneurship Investment Authority (IEIA) from the Technology secretariat to the Commerce and Trade secretariat. A companion amendment removes IEIA from Technology.
 
  FY FY
General Fund $500,000 $750,000


p3_bullets - Official Enacted Budget - 06-07-2025 13:40:53