The 2017 Executive Budget Document
Governor McAuliffe's Proposed Amendments to the 2016-2018 Biennial Budget
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Released on December 16, 2016 
 
Virginia Economic Development Partnership [310]
Secretarial Area: Commerce and Trade
Operating Budget Summary
This table shows the Governor's proposed budget for the next two years and the agency's official budget for the previous six years.
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Biennium Fiscal Year Source GF NGF Total
2012-2014 2013 Chapter 1, 2014 Acts of Assembly $17,849,466 $0 $17,849,466
2012-2014 2014 Chapter 1, 2014 Acts of Assembly $17,824,746 $0 $17,824,746
2014-2016 2015 Chapter 732, 2016 Acts of Assembly $20,387,705 $0 $20,387,705
2014-2016 2016 Chapter 732, 2016 Acts of Assembly $19,276,464 $0 $19,276,464
2016-2018 2017 Governor's Proposed Budget $25,508,967 $0 $25,508,967
    2016 Appropriation $26,851,544 $0 $26,851,544
    Governor's Amendments ($1,342,577) $0 ($1,342,577)
2016-2018 2018 Governor's Proposed Budget $19,235,660 $0 $19,235,660
    2016 Appropriation $27,351,546 $0 $27,351,546
    Governor's Amendments ($8,115,886) $0 ($8,115,886)
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2012-2014 2013 Chapter 1, 2014 Acts of Assembly 0.00 0.00 0.00
2012-2014 2014 Chapter 1, 2014 Acts of Assembly 0.00 0.00 0.00
2014-2016 2015 Chapter 732, 2016 Acts of Assembly 0.00 0.00 0.00
2014-2016 2016 Chapter 732, 2016 Acts of Assembly 0.00 0.00 0.00
2016-2018 2017 Proposed Positions 0.00 0.00 0.00
    2016 Appropriation 0.00 0.00 0.00
    Governor's Amendments 0.00 0.00 0.00
2016-2018 2018 Proposed Positions 0.00 0.00 0.00
    2016 Appropriation 0.00 0.00 0.00
    Governor's Amendments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Transfer support for international trade to establish the Virginia International Trade Corporation Decision Package
  Transfers appropriation associated with the International Trade Division of the Virginia Economic Development Partnership to the newly established Virginia International Trade Corporation pursuant to Chapter 749 of the 2016 Acts of Assembly.
 
  FY 2017 FY 2018
General Fund $0 ($6,232,811)
•
Reflect October 2016 Savings in agency budgets Decision Package
  Reflects the savings included in the Governor's October 2016 Savings Plan.
 
  FY 2017 FY 2018
General Fund ($1,342,577) $0
•
Reduce support for the Brownfields Restoration and Redevelopment Assistance Fund Decision Package
  Reduces $1.3 million of a total of $2.25 million of general fund appropriation for the program. This is a continuation of a savings strategy included in the FY 2017 Savings Plan released in October 2016.
 
  FY 2017 FY 2018
General Fund $0 ($1,297,366)
•
Establish internal audit position Decision Package
  Provides support for an internal audit position. The position will report directly to the Virginia Economic Development Partnership Board of Directors. Responsibilities will include ensuring that policies and procedures are efficiently followed by staff, monitoring and reporting on the status of the implementation of recommendations in the November Joint Legislative Audit and Review Commission report, and carrying out board-directed audit activities.
 
  FY 2017 FY 2018
General Fund $0 $168,291
•
Reduce funding for the Virginia Business Ready Sites Program Decision Package
  Decreases general fund support for the Virginia Business Ready Sites Program, a new program that provides grants on a competitive basis to elevate the readiness of sites for economic development projects.
 
  FY 2017 FY 2018
General Fund $0 ($125,000)
•
Reduce variable operating expenses Decision Package
  Reduces discretionary spending throughout the Partnership.
 
  FY 2017 FY 2018
General Fund $0 ($124,000)
•
Eliminate vacant position in the Virginia Jobs Investment Program Decision Package
  Eliminates support for one of three new positions funded during the 2016 Session. This reduction does not impact the program's grant funding.
 
  FY 2017 FY 2018
General Fund $0 ($100,000)
•
Reduce funding for the Going Global Defense Initiative Decision Package
  Decreases funding for the program by five percent. The remaining funds are sufficient to execute the program's objectives, which include assistance with strategy, export compliance, matchmaking, and translation to eligible defense-related companies.
 
  FY 2017 FY 2018
General Fund $0 ($75,000)
•
Decrease support for sponsorships Decision Package
  Decreases support for specialized events, both in marketing and general economic development.
 
  FY 2017 FY 2018
General Fund $0 ($75,000)
•
Reduce pass-through funding for the Commonwealth Center for Advanced Manufacturing Decision Package
  Reduces pass-through funding for the Commonwealth Center for Advanced Manufacturing (CCAM). After this reduction, $925,000 will be available in FY 2018 for CCAM.
 
  FY 2017 FY 2018
General Fund $0 ($75,000)
•
Eliminate India lead generation and representation contract Decision Package
  Discontinues the lead generation contract for India as the number of leads and projects generated by this contract has decreased.
 
  FY 2017 FY 2018
General Fund $0 ($60,000)
•
Reduce funding for the Virginia International Trade Alliance Decision Package
  Reduces funding for the Virginia International Trade Alliance (VITAL) by five percent. VITAL is a program by which the Virginia Economic Development Partnership collaborates with Virginia colleges, trade associations, and the Chamber of Commerce to assist companies in exporting their products.
 
  FY 2017 FY 2018
General Fund $0 ($50,000)
•
Reduce support for international trade shows Decision Package
  Reduces general fund support provided during the 2016 Session to assist companies attend trade shows. This new program provides grants to companies to attend trade shows and market their products. The savings represent a 10 percent reduction in funds.
 
  FY 2017 FY 2018
General Fund $0 ($25,000)
•
Reduce funding for the State Trade and Export Promotion program Decision Package
  Reduces funding for the State Trade and Export Promotion Grant (STEP) by five percent. STEP is designed to enhance exports by small businesses.
 
  FY 2017 FY 2018
General Fund $0 ($25,000)
•
Reduce the Virginia Leaders in Export Trade Program Decision Package
  Decreases additional funding for the Virginia Leaders in Export Trade Program (VALET) provided during the 2016 General Assembly Session by five percent. VALET is a two-year business acceleration program that provides companies with funding for use toward export related expenses, sales plan development, and international research.
 
  FY 2017 FY 2018
General Fund $0 ($20,000)


pdocagy2014 - Executive Budget Document Agency Details - 06-25-2025 10:51:01