The 2022 Executive Budget Document
Governor Northam's Proposed Budget for the 2022-2024 Biennum
 Back to Front Page
Released on December 16, 2021 
 
Economic Development Incentive Payments [312]
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.
more...
Biennium Fiscal Year Source GF NGF Total
2016-2018 2017 Chapter 1, 2018 Acts of Assembly $52,391,610 $150,000 $52,541,610
2016-2018 2018 Chapter 1, 2018 Acts of Assembly $44,360,799 $18,175,880 $62,536,679
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly $41,684,808 $6,280,000 $47,964,808
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $87,912,498 $6,911,000 $94,823,498
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $70,341,733 $150,000 $70,491,733
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $97,935,483 $150,000 $98,085,483
2022-2024 2023 Governor's Proposed Budget $99,433,083 $150,000 $99,583,083
    Base Budget $75,765,483 $150,000 $75,915,483
    Addenda (Changes to the Base) $23,667,600 $0 $23,667,600
2022-2024 2024 Governor's Proposed Budget $100,547,290 $150,000 $100,697,290
    Base Budget $75,765,483 $150,000 $75,915,483
    Addenda (Changes to the Base) $24,781,807 $0 $24,781,807
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2016-2018 2017 Chapter 1, 2018 Acts of Assembly 0.00 0.00 0.00
2016-2018 2018 Chapter 1, 2018 Acts of Assembly 0.00 0.00 0.00
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 0.00 0.00 0.00
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 0.00 0.00 0.00
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 0.00 0.00 0.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 0.00 0.00 0.00
2022-2024 2023 Proposed Positions 0.00 0.00 0.00
    Base Budget 0.00 0.00 0.00
    Addenda (Changes to the Base) 0.00 0.00 0.00
2012-2014 2024 Proposed Positions 0.00 0.00 0.00
    Base Budget 0.00 0.00 0.00
    Addenda (Changes to the Base) 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Fund the Major Headquarters Workforce Grant Fund Decision Package
  Reserves funds for anticipated future payments from the Fund provided for in § 59.1-284.31, Code of Virginia
 
  FY 2023 FY 2024
General Fund $42,500,000 $42,500,000
•
Eliminate or adjust funds for custom grants according to their memoranda of understanding Decision Package
  Adjusts funding levels tied to several previously approved grant awards based on updated performance schedules
 
  FY 2023 FY 2024
General Fund ($11,060,500) ($9,822,643)
•
Remove one-time funding for the City of Petersburg for expenses related to a chemical plant complex Base Budget Adjustment
  Removes funding for the City of Petersburg for expenses incurred from the installation of a water tank and associated infrastructure at a chemical plant complex in the city.
 
  FY 2023 FY 2024
General Fund ($10,000,000) ($10,000,000)
•
Provide additional funding for the Governor’s Motion Picture Opportunity Fund Decision Package
  Increases existing funding to attract film and television production to the Commonwealth
 
  FY 2023 FY 2024
General Fund $3,500,000 $3,500,000
•
Adjust funding for the Virginia Investment Performance and Virginia Economic Development Incentive grant programs Decision Package
  Reduces existing grant funding based on an updated schedule of payments provided by the Virginia Economic Development Partnership
 
  FY 2023 FY 2024
General Fund ($1,271,900) ($1,395,550)
•
Remove language authorizing the use of returned funds for site improvements Decision Package
  Removes language relating to a company that no longer has a presence in the Commonwealth


pdocagy2014 - Executive Budget Document Agency Details - 04-04-2026 08:54:13