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
2021-2024 2022 Chapter1, 2024 Acts of Assembly $47,786,623 $0 $47,786,623
2021-2024 2023 Chapter1, 2024 Acts of Assembly $42,395,623 $0 $42,395,623
2024-2026 2025 Chapter 725, 2025 Acts of Assembly $132,539,319 $0 $132,539,319
2024-2026 2025 Previous Legislative Appropriation $63,488,565 $0 $63,488,565
2024-2026 2025 Governor's Amendments $104,050,754 $0 $104,050,754
2024-2026 2025 General Assembly Adjustments ($35,000,000) $0 ($35,000,000)
2024-2026 2026 Chapter 725, 2025 Acts of Assembly $42,486,085 $0 $42,486,085
2024-2026 2026 Previous Legislative Appropriation $111,536,839 $0 $111,536,839
2024-2026 2026 Governor's Amendments ($69,050,754) $0 ($69,050,754)
2024-2026 2026 General Assembly Adjustments $0 $0 $0
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
2021-2024 2022 Chapter1, 2024 Acts of Assembly 0.00 0.00 0.00
2021-2024 2023 Chapter1, 2024 Acts of Assembly 0.00 0.00 0.00
2024-2026 2025 Chapter 725, 2025 Acts of Assembly 0.00 0.00 0.00
2024-2026 2025 Previous Legislative Appropriation 0.00 0.00 0.00
2024-2026 2025 Governor's Amendments 0.00 0.00 0.00
2024-2026 2025 General Assembly Adjustments 0.00 0.00 0.00
2024-2026 2026 Chapter 725, 2025 Acts of Assembly 0.00 0.00 0.00
2024-2026 2026 Previous Legislative Appropriation 0.00 0.00 0.00
2024-2026 2026 Governor's Amendments 0.00 0.00 0.00
2024-2026 2026 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Support life sciences in the Commonwealth Decision Package
  Shifts $69.1 million provided for life science research initiatives from the second year to the first year and provides an additional $35.0 million the first year for further initiatives. Budget language is also included to establish a task force to review and recommend investments to strengthen Virginia's Biotechnology, Life Sciences, and Pharmaceutical Manufacturing industry cluster.
 
  FY FY
General Fund $104,050,754 ($69,050,754)
•
Redirect Additional Life Sciences Funding (115 #1c) General Assembly Adjustment
  This amendment redirects $35.0 million the first year from the general fund of proposed life sciences funding to other priorities including various life science initiatives.
 
  FY FY
General Fund ($35,000,000) $0
•
Executive Amendment - Update carryforward language for life sciences (Amendment 41) General Assembly Adjustment
  Clarifies language concerning the reappropriation of life science funding.
•
Higher Education Life Science Investments (115 #2c) General Assembly Adjustment
  This amendment clarifies that $90.0 million of general fund investment in four life sciences initiatives are to be continued in the next biennium.
•
Remove Commonwealth Health Research Board Collaboration Language (115 #3c) General Assembly Adjustment
  This amendment removes language requiring that the Commonwealth Health Research Board collaborate with the Virginia Biosciences Health Research Corporation (Virginia Catalyst).


p3_bullets - Official Enacted Budget - 06-21-2025 11:20:31