Virginia Innovation Partnership Authority [309]
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
2020-2022 2021 Chapter 1289, 2020 Acts of Assembly $25,700,000 $0 $25,700,000
2020-2022 2021 Governor's Amendments $36,925,000 $0 $36,925,000
2020-2022 2021 General Assembly Adjustments ($11,225,000) $0 ($11,225,000)
2020-2022 2022 Chapter 1289, 2020 Acts of Assembly $39,700,000 $0 $39,700,000
2020-2022 2022 Governor's Amendments $42,125,000 $0 $42,125,000
2020-2022 2022 General Assembly Adjustments ($2,425,000) $0 ($2,425,000)
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2020-2022 2021 Chapter 1289, 2020 Acts of Assembly 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 1289, 2020 Acts of Assembly 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)
•
Establish the Virginia Innovation Partnership Authority Decision Package
  Creates the Virginia Innovation Partnership Authority to serve as a consolidated entity for innovation and new technology-based economic development in the Commonwealth. Corresponding amendments reallocate funding from other entities to support this new authority. Legislation to be considered during the 2020 legislative session establishes the entity in statute.
 
  FY FY
General Fund $36,925,000 $42,125,000
•
Adjust funding for the new Virginia Innovation Partnership Authority General Assembly Adjustment
  This amendment creates the Virginia Innovation Partnership Authority to serve as a consolidated entity for innovation and new technology-based economic development in the Commonwealth pursuant to House Bill 1017 and Senate Bill 576. Funding includes proceeds from the sale of the CIT building, including $10.0 million from the nongeneral fund allocated to the Commonwealth Commercialization Fund and $10.0 million from the nongeneral fund allocated to the Commonwealth Cyber Initiative.
 
  FY FY
General Fund ($11,225,000) ($2,425,000)
•
Expand criteria for Commonwealth Center for Advanced Manufacturing grants (Reconvened Amendment) General Assembly Adjustment
  Authorizes the Commonwealth Center for Advanced Manufacturing (CCAM) to provide grants dedicated to matching funds for the purpose of attracting federal funds for research projects related to the COVID-19 pandemic to be conducted at the CCAM facility on a one to one basis.


p3_bullets - Official Enacted Budget - 06-07-2025 07:28:45