Innovation and Entrepreneurship Investment Authority [934]
Secretarial Area: Commerce and Trade
formerly under: Technology
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. more...
More historical data is available for this agency on DPB's website under the
Virginia's Budget page. If you click on the Budget Round Description links under any of the "DPB Appropriation Database" tables and open the filter you can select various fields to get greater detail and you can select the official chapter data going back for several decades. The "Caboose" chapters are the final biennial budget approved by the General Assembly and signed into Law.
Check it out here
Biennium
Fiscal Year
Source
GF
NGF
Total
2012-2014
2013
Chapter 1, 2014 Acts of Assembly
$5,926,877
$0
$5,926,877
2012-2014
2014
Chapter 1, 2014 Acts of Assembly
$8,282,500
$0
$8,282,500
2014-2016
2015
Chapter 732, 2016 Acts of Assembly
$8,510,873
$0
$8,510,873
2014-2016
2016
Chapter 732, 2016 Acts of Assembly
$8,232,562
$0
$8,232,562
2016-2018
2017
Governor's Proposed Budget
$11,113,668
$0
$11,113,668
2016 Appropriation
$11,538,090
$0
$11,538,090
Governor's Amendments
($424,422)
$0
($424,422)
2016-2018
2018
Governor's Proposed Budget
$11,287,740
$0
$11,287,740
2016 Appropriation
$11,438,097
$0
$11,438,097
Governor's Amendments
($150,357)
$0
($150,357)
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)
•
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
($424,422)
$0
•
Reduce operating base funding
Decision Package
Implements various management efficiencies to reduce administrative costs.
FY 2017
FY 2018
General Fund
$0
($150,357)
•
Clarify use of state funding on administrative and overhead costs
Decision Package
Adds language that clarifies the use of state funding intended for specific programs.
•
Modify Growth Accelerator Program (GAP) language
Decision Package
Changes language such that an investment ratio of 11:1 private to public investment ratio is used rather than requiring an 11:1 average rate of return.
