Economic Development Incentive Payments (312)
| Request Title | Fund the Aerospace Engine Manufacturing Performance Grant Program |
| Biennium | 2020-2022 |
| Budget Round | Initial Bill |
| Category | Other spending or initiatives |
| Region | Multiple Regions |
Description
|
Provides appropriation to meet the requirements of the Aerospace Engine Manufacturing Performance Grant Program, established in Section 59.1-284.20, Code of Virginia, and adjusts nongeneral fund appropriation to meet the requirements of the Aerospace Engine Manufacturer Workforce Training Grant Program, established in Section 59.1-284.22, Code of Virginia. |
Funding Summary
| Object Type | FY 2020 | FY 2021 | |
| General Fund Dollars | $3,000,000 | $3,000,000 | |
| Nongeneral Fund Dollars | ($5,131,000) | ($5,500,000) | |
| 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 | ($2,131,000) | ($2,500,000) | |
| By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
| 01000 | General Fund | $3,000,000 | $3,000,000 | |
| 02167 | Aerospace Engine Manufacturing | ($5,131,000) | ($5,500,000) |
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 18:43:29
