Economic Development Incentive Payments (312)
| Request Title | Capture savings related to updated incentive grant payment schedules |
| Biennium | 2018-2020 |
| Budget Round | Amended Bill |
| Category | Caseload or workload adjustments |
| Region | None |
Description
|
Removes funding included in the budget for the Major Eligible Employer Grant. Additionally, funding is reduced in both years of the biennium for the Virginia Investment Partnership Grant. This action is necessary based on the most recent schedule of anticipated payments under these grant programs. |
Funding Summary
| Object Type | FY 2018 | FY 2019 | |
| General Fund Dollars | ($2,070,000) | ($210,000) | |
| 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 2018 | FY 2019 |
| 534 | Economic Development Services | ($2,070,000) | ($210,000) | |
| By Fund | Fund Code | Fund Title | FY 2018 | FY 2019 |
| 01000 | General Fund | ($2,070,000) | ($210,000) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2018 | FY 2019 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-03-2025 22:41:13
