Virginia Innovation Partnership Authority (309)
| Request Title | Establish the Virginia Innovation Partnership Authority |
| Biennium | 2020-2022 |
| Budget Round | Initial Bill |
| Category | Reorganizations |
| Region | None |
Description
|
Creates the Virginia Innovation Partnership Authority to serve as a consolidated entity for innovation and new technology-based economic development in the Commonwealth. Corresponding amendments reallocate funding from other entities to support this new authority. Legislation to be considered during the 2020 legislative session establishes the entity in statute. |
Funding Summary
| Object Type | FY 2020 | FY 2021 | |
| General Fund Dollars | $36,925,000 | $42,125,000 | |
| 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 2020 | FY 2021 |
| 534 | Economic Development Services | $36,925,000 | $42,125,000 | |
| By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
| 01000 | General Fund | $36,925,000 | $42,125,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 12:56:22
