Economic Development Incentive Payments (312)
Request Title | Reduce Funding for Commonwealth's Development Opportunity Fund |
Biennium | 2016-2018 |
Budget Round | Amended Bill |
Half Sheet Number | 106 #3c |
Description
This amendment removes $1.0 million from the general fund the second year for the Commonwealth's Development Opportunity Fund (COF). The COF is a discretionary incentive available to the Governor and administered by the Virginia Economic Development Partnership to secure a business location or expansion project for Virginia. Grants are awarded to localities on a local matching basis with the expectation that the grant will result in a favorable location decision for the Commonwealth. |
Funding Details
By Program | Program Code | Program Title | FY 2016 | FY 2017 |
534 | Economic Development Services | $0 | ($1,000,000) | |
By Fund | Fund Code | Fund Title | FY 2016 | FY 2017 |
01000 | General Fund | $0 | ($1,000,000) |
Authorized Position Details
By Program | Program Code | Program Title | FY 2016 | FY 2017 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 05:59:12