Virginia Innovation Partnership Authority (309)
| Request Title | Support life sciences in the Commonwealth |
| Biennium | 2024-2026 |
| Budget Round | Amended Bill |
| Category | New general fund spending initiatives |
| Region | None |
Description
|
Shifts $69.1 million provided for life science research initiatives from the second year to the first year and provides an additional $35.0 million the first year for further initiatives. Budget language is also included to establish a task force to review and recommend investments to strengthen Virginia's Biotechnology, Life Sciences, and Pharmaceutical Manufacturing industry cluster. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | $104,050,754 | ($69,050,754) | |
| 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 2024 | FY 2025 |
| 534 | Economic Development Services | $104,050,754 | ($69,050,754) | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | $104,050,754 | ($69,050,754) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-21-2025 15:35:11
