Economic Development Incentive Payments (312)
| Request Title | Transfer funding for grants under the Virginia Jobs Investment Program |
| Biennium | 2014-2016 |
| Budget Round | Initial Bill |
| Category | Other spending or initiatives |
| Region | None |
Description
|
Transfers general fund support from the Department of Business Assistance to Economic Development Incentive Payments (EDIP) for grants awarded to eligible businesses under the Virginia Jobs Investment Program (VJIP). Legislation to be considered by the 2014 General Assembly transfers responsibility of the program to the Virginia Economic Development Partnership (VEDP). Funding for state incentives administered by VEDP is budgeted in EDIP. |
Funding Summary
| Object Type | FY 2014 | FY 2015 | |
| General Fund Dollars | $5,669,833 | $5,669,833 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
| 534 | Economic Development Services | $5,669,833 | $5,669,833 | |
| By Fund | Fund Code | Fund Title | FY 2014 | FY 2015 |
| 0100 | General Fund | $5,669,833 | $5,669,833 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-03-2025 22:25:22
