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 1, 2022 Acts of Assembly $26,100,000 $25,000,000 $51,100,000
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $41,550,000 $0 $41,550,000
2022-2024 2023 Chapter 2, 2022 Acts of Assembly, Special Session 1 $47,786,623 $0 $47,786,623
2022-2024 2023 Base Budget $41,550,000 $0 $41,550,000
2022-2024 2023 Governor's Amendments $2,845,623 $0 $2,845,623
2022-2024 2023 General Assembly Adjustments $3,391,000 $0 $3,391,000
2022-2024 2024 Chapter 2, 2022 Acts of Assembly, Special Session 1 $42,395,623 $0 $42,395,623
2022-2024 2024 Base Budget $41,550,000 $0 $41,550,000
2022-2024 2024 Governor's Amendments $2,845,623 $0 $2,845,623
2022-2024 2024 General Assembly Adjustments ($2,000,000) $0 ($2,000,000)
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 0.00 0.00 0.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 0.00 0.00 0.00
2022-2024 2023 Chapter 2, 2022 Acts of Assembly, Special Session 1 0.00 0.00 0.00
2022-2024 2023 Base Budget 0.00 0.00 0.00
2022-2024 2023 Governor's Amendments 0.00 0.00 0.00
2022-2024 2023 General Assembly Adjustments 0.00 0.00 0.00
2022-2024 2024 Chapter 2, 2022 Acts of Assembly, Special Session 1 0.00 0.00 0.00
2022-2024 2024 Base Budget 0.00 0.00 0.00
2022-2024 2024 Governor's Amendments 0.00 0.00 0.00
2022-2024 2024 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Remove funding for the Virginia Nuclear Energy Consortium Authority (VNECA) proposal Base Budget Adjustment
  Removes one-time funding for the Virginia Nuclear Energy Consortium Authority (VNECA) for the purpose of developing a proposal to create a nuclear research and innovation hub in Virginia.
 
  FY FY
General Fund ($100,000) ($100,000)
•
Adjust appropriation for centrally funded changes to agency information technology costs Base Budget Adjustment
  Adjusts appropriation for changes to information technology and telecommunications usage budgeted in Central Appropriations, Item 478 C. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund ($54,297) ($54,297)
•
Adjust appropriation for centrally funded general liability premium charges Base Budget Adjustment
  Adjusts appropriation for general liability premiums billed by the Department of the Treasury’s Division of Risk Management budgeted in Central Appropriations, Item 478 J. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $190 $190
•
Adjust appropriation for centrally funded changes to Cardinal Financials System charges Base Budget Adjustment
  Adjusts appropriation for changes to Cardinal Financials System internal service fund charges budgeted in Central Appropriations, Item 478 F. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund ($152) ($152)
•
Adjust appropriation for centrally funded changes to Performance Budgeting system charges Base Budget Adjustment
  Adjusts appropriation for changes to Performance Budgeting system internal service fund charges budgeted in Central Appropriations, Item 478 H. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund ($118) ($118)
•
Capitalize the Regional Innovation Fund Decision Package
  Provides funding to support, stabilize, and maximize the impact of emerging regional ecosystems
 
  FY FY
General Fund $3,000,000 $3,000,000
•
Remove language addressing one-time funding Decision Package
  Updates budget language to remove one-time funding addressed in base budget adjustments
•
CCAM Outstanding Obligations General Assembly Adjustment
  This amendment provides $5.4 million from the general fund in the first year from the general fund in one-time support for the Commonwealth Center for Advanced Manufacturing to pay its outstanding obligations.
 
  FY FY
General Fund $5,391,000 $0
•
Regional Innovation Fund General Assembly Adjustment
  This amendment provides an additional $2.0 million from the general fund over the biennium for the Regional Innovation Fund.
 
  FY FY
General Fund ($2,000,000) ($2,000,000)
•
Commonwealth Center for Advanced Manufacturing Federal Projects Language General Assembly Adjustment
  This amendment provides the Commonwealth Center for Advanced Manufacturing (CCAM) with the flexibility to jointly refine and develop concepts CCAM and higher education institutions can leverage toward federal funding campaigns, after initial collaborations.
•
Regional Operations General Assembly Adjustment
  This amendment provides the Virginia Innovation Partnership Authority with the flexibility to use existing revenues to operate multiple hybrid open-work spaces across Virginia, including Northern Virginia, Hampton Roads, and the Roanoke Valley.
•
Technical: Change GAP Fund to New Name General Assembly Adjustment
  This amendment updates budget language to reflect the new name of the Commonwealth Growth Accelerator Program.
•
Technical: Salary Reporting Requirements General Assembly Adjustment
  This amendment re-adds language inadvertently removed during the 2020 Session requiring the Virginia Innovation Partnership Authority to include a detailed listing of the salaries and bonuses for all authority employees for the prior fiscal year as a part of its operating plan. This is a requirement for the Virginia Economic Development Partnership Authority and Virginia Tourism Authority.


p3_bullets - Official Enacted Budget - 07-18-2025 18:00:17