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
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 Chapter 1283, 2020 Acts of Assembly $33,597,198 $0 $33,597,198
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $37,807,392 $0 $37,807,392
2020-2022 2021 Chapter 552, 2021 Acts of Assembly, Special Session I $34,802,309 $0 $34,802,309
2020-2022 2021 Previous Legislative Appropriation $47,302,309 $0 $47,302,309
2020-2022 2021 Governor's Amendments ($12,500,000) $0 ($12,500,000)
2020-2022 2021 General Assembly Adjustments $0 $0 $0
2020-2022 2022 Chapter 552, 2021 Acts of Assembly, Special Session I $43,752,309 $0 $43,752,309
2020-2022 2022 Previous Legislative Appropriation $39,481,922 $0 $39,481,922
2020-2022 2022 Governor's Amendments $820,387 $0 $820,387
2020-2022 2022 General Assembly Adjustments $3,450,000 $0 $3,450,000
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
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 Chapter 1283, 2020 Acts of Assembly 0.00 0.00 0.00
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 0.00 0.00 0.00
2020-2022 2021 Chapter 552, 2021 Acts of Assembly, Special Session I 0.00 0.00 0.00
2020-2022 2021 Previous Legislative Appropriation 0.00 0.00 0.00
2020-2022 2021 Governor's Amendments 0.00 0.00 0.00
2020-2022 2021 General Assembly Adjustments 0.00 0.00 0.00
2020-2022 2022 Chapter 552, 2021 Acts of Assembly, Special Session I 0.00 0.00 0.00
2020-2022 2022 Previous Legislative Appropriation 0.00 0.00 0.00
2020-2022 2022 Governor's Amendments 0.00 0.00 0.00
2020-2022 2022 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Move reductions to agency budget Decision Package
  Moves the reductions included in Item 482.20 of the 2020 Special Session Appropriation Act from Central Appropriations to the agency budget.
 
  FY FY
General Fund ($12,500,000) ($4,679,613)
•
Increase funding for the Virginia Business Ready Sites Program Decision Package
  Provides additional support for the Virginia Business Ready Site Program in the second year, bringing the total to $5.5 million.
 
  FY FY
General Fund $0 $5,000,000
•
Create the Office for Labor Market and Education Alignment Decision Package
  Establishes a coordinated strategy to develop a more robust understanding of the connections between education and the labor market, including supply and demand imbalances that can inhibit the growth of businesses or result in poor employment outcomes for individuals, to inform policy decisions, academic programs, workforce development, economic development and other related efforts.
 
  FY FY
General Fund $0 $500,000
•
Restore Talent Solutions Funding General Assembly Adjustment
  This amendment restores half of the funding previously appropriated for the talent solutions program at the Virginia Economic Development Partnership, bringing year two funding for the program to $7.4 million.
 
  FY FY
General Fund $0 $2,350,000
•
International Trade Plan Funding General Assembly Adjustment
  This amendment provides support for Virginia's International Trade Plan (ITP), totaling $1.1 million in the second year from the general fund. The ITP was developed by VEDP's Advisory Committee on International Trade.
 
  FY FY
General Fund $0 $1,100,000
•
Office of Labor Market and Alignment General Assembly Adjustment
  This amendment clarifies language for the Office of Labor Market Alignment.


p3_bullets - Official Enacted Budget - 06-07-2025 17:30:55